Genuine Parts (GPC) Set to Announce Quarterly Earnings on Thursday

Genuine Parts (NYSE:GPC) will issue its quarterly earnings data before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $1.32 per share for the quarter. Genuine Parts has set its FY19 guidance at $5.81-5.96 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Genuine Parts (NYSE:GPC) last released its earnings results on Tuesday, February 19th. The specialty retailer reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.03. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.56 billion. Genuine Parts had a return on equity of 23.45% and a net margin of 4.33%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. On average, analysts expect Genuine Parts to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

NYSE:GPC opened at $113.08 on Wednesday. The company has a market capitalization of $16.45 billion, a PE ratio of 19.91, a P/E/G ratio of 3.66 and a beta of 1.04. The company has a current ratio of 1.28, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. Genuine Parts has a 12-month low of $86.89 and a 12-month high of $115.20.

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.7625 dividend. The ex-dividend date was Thursday, March 7th. This represents a $3.05 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Genuine Parts’s previous quarterly dividend of $0.72. Genuine Parts’s payout ratio is presently 53.70%.

GPC has been the topic of a number of recent research reports. Bank of America raised Genuine Parts from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 9th. Evercore ISI initiated coverage on Genuine Parts in a report on Wednesday, March 20th. They issued an “in-line” rating and a $110.00 target price on the stock. Zacks Investment Research lowered Genuine Parts from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Wedbush reissued a “neutral” rating on shares of Genuine Parts in a report on Tuesday, January 15th. Finally, ValuEngine raised Genuine Parts from a “hold” rating to a “buy” rating in a report on Tuesday, February 19th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $103.60.

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About Genuine Parts

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals.

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Earnings History for Genuine Parts (NYSE:GPC)

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