Genuine Parts (NYSE:GPC) Releases Earnings Results, Beats Estimates By $0.09 EPS

Genuine Parts (NYSE:GPC - Get Free Report) posted its quarterly earnings data on Tuesday. The specialty retailer reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.09, Zacks reports. The firm had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. Genuine Parts updated its FY 2025 guidance to 7.750-8.250 EPS.

Genuine Parts Stock Performance

Shares of GPC traded down $0.47 during mid-day trading on Friday, reaching $116.62. 1,171,405 shares of the company's stock were exchanged, compared to its average volume of 1,245,835. The business's fifty day simple moving average is $118.98 and its 200-day simple moving average is $120.72. The stock has a market capitalization of $16.18 billion, a PE ratio of 18.02 and a beta of 0.82. Genuine Parts has a 52-week low of $104.01 and a 52-week high of $162.14. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.16 and a quick ratio of 0.57.

Genuine Parts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were given a dividend of $1.03 per share. This is a positive change from Genuine Parts's previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Friday, March 7th. This represents a $4.12 annualized dividend and a yield of 3.53%. Genuine Parts's payout ratio is 63.68%.

Analysts Set New Price Targets

A number of brokerages have issued reports on GPC. Evercore ISI cut their price target on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research note on Wednesday. Northcoast Research lowered Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Truist Financial boosted their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a research note on Thursday. Loop Capital assumed coverage on shares of Genuine Parts in a report on Thursday, January 16th. They issued a "buy" rating and a $155.00 target price on the stock. Finally, The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price objective (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.86.

Genuine Parts Company Profile

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.