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

Genuine Parts (NYSE:GPC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 7.750-8.250 for the period, compared to the consensus earnings per share estimate of 7.900. The company issued revenue guidance of $24.0 billion-$24.4 billion, compared to the consensus revenue estimate of $24.1 billion.

Wall Street Analysts Forecast Growth

GPC has been the topic of several analyst reports. Loop Capital began coverage on shares of Genuine Parts in a research report on Thursday, January 16th. They set a "buy" rating and a $155.00 price target on the stock. Evercore ISI dropped their target price on shares of Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday. StockNews.com upgraded Genuine Parts from a "hold" rating to a "buy" rating in a report on Friday, April 18th. Truist Financial upped their price objective on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $130.86.

Genuine Parts Stock Performance

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

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.09. The business had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.83 billion. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. Sell-side analysts predict that Genuine Parts will post 7.9 EPS for the current year.

Genuine Parts Increases Dividend

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

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.