Genuine Parts (NYSE:GPC) Issues FY 2025 Earnings Guidance

Genuine Parts (NYSE:GPC - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 7.750-8.250 for the period, compared to the consensus earnings per share estimate of 8.290. The company issued revenue guidance of $24.0 billion-$24.4 billion, compared to the consensus revenue estimate of $24.2 billion.

Wall Street Analysts Forecast Growth

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

Genuine Parts Price Performance

Shares of GPC stock traded down $1.59 during mid-day trading on Friday, reaching $121.68. The company's stock had a trading volume of 1,466,225 shares, compared to its average volume of 1,617,412. Genuine Parts has a 1-year low of $112.74 and a 1-year high of $164.45. The company has a market cap of $16.92 billion, a P/E ratio of 18.81 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The firm's 50-day moving average is $118.29 and its two-hundred day moving average is $127.16.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The specialty retailer reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.07. The company had revenue of $5.77 billion during the quarter, compared to analysts' expectations of $5.71 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. During the same quarter in the prior year, the company posted $2.26 EPS. On average, research analysts predict that Genuine Parts will post 7.91 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Friday, March 7th will be given a dividend of $1.03 per share. The ex-dividend date is Friday, March 7th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. Genuine Parts's dividend payout ratio (DPR) is 61.82%.

Insider Buying and Selling

In related news, Director Wendy B. Needham sold 1,608 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $120.78, for a total transaction of $194,214.24. Following the completion of the sale, the director now owns 11,357 shares in the company, valued at $1,371,698.46. This trade represents a 12.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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.