Wedbush Issues Negative Outlook for Genuine Parts Earnings

Genuine Parts (NYSE:GPC - Free Report) - Stock analysts at Wedbush lowered their Q1 2025 earnings per share (EPS) estimates for shares of Genuine Parts in a research note issued to investors on Wednesday, October 23rd. Wedbush analyst S. Basham now anticipates that the specialty retailer will earn $2.15 per share for the quarter, down from their prior estimate of $2.34. Wedbush currently has a "Neutral" rating and a $120.00 target price on the stock. The consensus estimate for Genuine Parts' current full-year earnings is $9.37 per share. Wedbush also issued estimates for Genuine Parts' Q2 2025 earnings at $2.47 EPS.

Genuine Parts (NYSE:GPC - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $2.42 by ($0.54). Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $6 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the business posted $2.49 EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year.

GPC has been the topic of several other research reports. Evercore ISI lifted their price target on Genuine Parts from $155.00 to $160.00 and gave the stock an "in-line" rating in a research report on Tuesday. The Goldman Sachs Group reduced their price objective on shares of Genuine Parts from $162.00 to $138.00 and set a "neutral" rating for the company in a research report on Wednesday. Truist Financial decreased their target price on shares of Genuine Parts from $164.00 to $129.00 and set a "buy" rating on the stock in a research report on Wednesday. UBS Group lowered their price target on Genuine Parts from $145.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Genuine Parts has an average rating of "Hold" and an average price target of $139.57.

Genuine Parts Stock Performance

GPC traded up $1.17 on Friday, reaching $114.28. The company had a trading volume of 2,138,086 shares, compared to its average volume of 1,007,510. The company has a quick ratio of 0.54, a current ratio of 1.12 and a debt-to-equity ratio of 0.66. Genuine Parts has a 1 year low of $112.74 and a 1 year high of $164.45. The stock has a market capitalization of $15.92 billion, a PE ratio of 12.74 and a beta of 0.90. The stock has a 50-day moving average price of $137.72 and a 200-day moving average price of $142.43.

Hedge Funds Weigh In On Genuine Parts

A number of large investors have recently bought and sold shares of GPC. WD Rutherford LLC purchased a new position in shares of Genuine Parts in the 1st quarter worth $26,000. Stephens Consulting LLC lifted its stake in shares of Genuine Parts by 740.7% in the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 200 shares in the last quarter. Concord Wealth Partners lifted its stake in shares of Genuine Parts by 79.3% in the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer's stock valued at $38,000 after purchasing an additional 119 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Genuine Parts by 36.1% during the 1st quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 66 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in Genuine Parts during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 78.83% of the company's stock.

Genuine Parts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts's dividend payout ratio (DPR) is 44.59%.

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.