Genuine Parts (NYSE:GPC) Announces Quarterly Earnings Results

Genuine Parts (NYSE:GPC - Get Free Report) announced its quarterly earnings results on Tuesday. The specialty retailer reported $1.61 EPS for the quarter, beating the consensus estimate of $1.54 by $0.07, RTT News reports. The business had revenue of $5.77 billion during the quarter, compared to analysts' expectations of $5.71 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. During the same quarter in the previous year, the business posted $2.26 EPS. Genuine Parts updated its FY 2025 guidance to 7.750-8.250 EPS.

Genuine Parts Stock Performance

Shares of GPC stock traded down $1.59 during trading hours on Friday, reaching $121.68. 1,466,225 shares of the company's stock were exchanged, compared to its average volume of 1,617,412. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The stock has a market capitalization of $16.92 billion, a P/E ratio of 18.81 and a beta of 0.94. The business has a fifty day moving average price of $118.29 and a 200-day moving average price of $127.16. The company has a quick ratio of 0.57, a current ratio of 1.16 and a debt-to-equity ratio of 0.86.

Genuine Parts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Friday, March 7th will be issued a dividend of $1.03 per share. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. Genuine Parts's payout ratio is 61.82%.

Insider Transactions at Genuine Parts

In related news, Director Wendy B. Needham sold 1,608 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $120.78, for a total value of $194,214.24. Following the completion of the transaction, the director now directly owns 11,357 shares in the company, valued at approximately $1,371,698.46. This represents a 12.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.37% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GPC shares. Redburn Atlantic raised Genuine Parts to a "hold" rating in a research report on Monday, November 11th. Northcoast Research cut Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Truist Financial upped their target price on Genuine Parts from $129.00 to $133.00 and gave the stock a "buy" rating in a research report on Wednesday. Loop Capital started coverage on Genuine Parts in a research report on Thursday, January 16th. They set a "buy" rating and a $155.00 target price for the company. Finally, Evercore ISI decreased their target price on Genuine Parts from $128.00 to $125.00 and set an "in-line" rating for the company in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $137.63.

About Genuine Parts

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.