$1.49 EPS Expected for Genuine Parts (GPC) This Quarter
Brokerages expect that Genuine Parts (NYSE:GPC) will announce earnings of $1.49 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Genuine Parts’ earnings. The highest EPS estimate is $1.52 and the lowest is $1.46. Genuine Parts posted earnings of $1.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 28.4%. The company is scheduled to issue its next quarterly earnings report on Thursday, October 18th.
On average, analysts expect that Genuine Parts will report full year earnings of $5.66 per share for the current year, with EPS estimates ranging from $5.65 to $5.68. For the next year, analysts expect that the business will post earnings of $5.91 per share, with EPS estimates ranging from $5.85 to $5.99. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Genuine Parts.
Genuine Parts (NYSE:GPC) last posted its quarterly earnings data on Thursday, July 19th. The specialty retailer reported $1.59 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.01. Genuine Parts had a net margin of 3.78% and a return on equity of 21.62%. The business had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.69 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis.
In other Genuine Parts news, insider James R. Neill sold 512 shares of Genuine Parts stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $97.94, for a total value of $50,145.28. Following the transaction, the insider now owns 5,661 shares in the company, valued at $554,438.34. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of GPC. Mackay Shields LLC acquired a new position in Genuine Parts in the first quarter worth approximately $2,217,000. Victory Capital Management Inc. grew its position in Genuine Parts by 7.8% during the 1st quarter. Victory Capital Management Inc. now owns 120,188 shares of the specialty retailer’s stock worth $10,798,000 after purchasing an additional 8,725 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Genuine Parts by 29.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 24,032 shares of the specialty retailer’s stock worth $2,159,000 after purchasing an additional 5,456 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Genuine Parts during the 1st quarter worth approximately $1,158,000. Finally, Neuberger Berman Group LLC grew its position in Genuine Parts by 7.1% during the 1st quarter. Neuberger Berman Group LLC now owns 14,779 shares of the specialty retailer’s stock worth $1,328,000 after purchasing an additional 981 shares in the last quarter. Hedge funds and other institutional investors own 76.58% of the company’s stock.
Shares of NYSE GPC traded up $0.33 during mid-day trading on Friday, reaching $101.84. 10,419 shares of the company traded hands, compared to its average volume of 486,320. Genuine Parts has a fifty-two week low of $84.71 and a fifty-two week high of $107.75. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 0.71. The firm has a market capitalization of $14.83 billion, a PE ratio of 21.95, a P/E/G ratio of 2.69 and a beta of 1.18.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 7th will be given a $0.72 dividend. The ex-dividend date is Thursday, September 6th. This represents a $2.88 annualized dividend and a yield of 2.83%. Genuine Parts’s dividend payout ratio (DPR) is 62.07%.
Genuine Parts Company Profile
Genuine Parts Company distributes automotive replacement and industrial parts, electrical and electronic materials, and business products in the United States, Canada, Mexico, Australasia, France, the United Kingdom, Germany, and Poland. 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 through 57 NAPA automotive parts distribution centers and 1,100 NAPA AUTO PARTS stores.
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