Zacks Research Lowers Earnings Estimates for Genuine Parts

Key Points

• Zacks Research cut its Q4 2026 EPS estimate for Genuine Parts to $1.59 from $1.71; the current full-year consensus estimate is $7.62 per share.
• Genuine Parts beat its latest quarterly expectations, reporting EPS of $2.07 versus $2.04 expected and revenue of $6.52 billion, up 4.2% year over year.
• Analysts give the stock a consensus “Moderate Buy” rating and a $145 price target. The company announced a quarterly dividend of $1.0625 per share, equivalent to a 3.4% annualized yield.

Genuine Parts Company (NYSE:GPC - Free Report) - Investment analysts at Zacks Research cut their Q4 2026 earnings per share estimates for Genuine Parts in a research note issued on Tuesday, November 10th. Zacks Research analyst Team now anticipates that the specialty retailer will earn $1.59 per share for the quarter, down from their previous estimate of $1.71. The consensus estimate for Genuine Parts' current full-year earnings is $7.62 per share. Zacks Research also issued estimates for Genuine Parts' Q1 2027 earnings at $1.86 EPS, Q2 2027 earnings at $2.22 EPS, Q4 2027 earnings at $1.92 EPS, FY2027 earnings at $8.18 EPS, Q1 2028 earnings at $2.26 EPS, Q3 2028 earnings at $2.33 EPS and FY2028 earnings at $9.09 EPS.

Several other equities research analysts have also recently issued reports on GPC. Evercore reissued an "outperform" rating on shares of Genuine Parts in a research report on Wednesday, July 22nd. Raymond James Financial reissued a "strong-buy" rating and set a $165.00 target price on shares of Genuine Parts in a research report on Wednesday, July 22nd. Truist Financial raised their price target on shares of Genuine Parts from $126.00 to $131.00 and gave the company a "hold" rating in a report on Tuesday, October 20th. JPMorgan Chase & Co. raised their price target on shares of Genuine Parts from $125.00 to $137.00 and gave the company an "overweight" rating in a report on Monday, October 12th. Finally, Argus reduced their price target on shares of Genuine Parts from $156.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $145.00.

Genuine Parts Trading Down 0.8%

NYSE GPC opened at $124.60 on Wednesday. Genuine Parts has a 12 month low of $90.78 and a 12 month high of $151.57. The company has a 50-day moving average of $128.42 and a 200-day moving average of $119.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.22 and a quick ratio of 0.54. The company has a market cap of $17.18 billion, a P/E ratio of 498.39, a P/E/G ratio of 2.75 and a beta of 0.65.

Genuine Parts (NYSE:GPC - Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The specialty retailer reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.03. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.49 billion. Genuine Parts had a return on equity of 23.00% and a net margin of 0.12%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company earned $1.98 EPS.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Friday, December 4th will be given a $1.0625 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $4.25 annualized dividend and a yield of 3.4%. Genuine Parts's dividend payout ratio (DPR) is 1,700.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Genuine Parts in the second quarter valued at about $1,574,910,000. Cullen Capital Management LLC lifted its position in Genuine Parts by 24.9% during the 3rd quarter. Cullen Capital Management LLC now owns 1,761,991 shares of the specialty retailer's stock worth $221,553,000 after acquiring an additional 350,983 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Genuine Parts by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,055,496 shares of the specialty retailer's stock worth $217,354,000 after acquiring an additional 180,485 shares in the last quarter. Bank of America Corp DE acquired a new position in Genuine Parts during the 2nd quarter worth approximately $201,072,000. Finally, Equity Investment Corp purchased a new position in Genuine Parts in the 2nd quarter worth approximately $114,922,000. Institutional investors and hedge funds own 78.83% of the company's stock.

Genuine Parts Company Profile

Genuine Parts Company is a distributor of automotive replacement parts and industrial products. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves businesses and consumers through its distribution networks and brands. Its automotive business distributes replacement parts, accessories and related products, including through the NAPA Auto Parts brand. Its industrial business, operating primarily as Motion, supplies products such as bearings, power-transmission components, fluid-power equipment and other maintenance and repair items to industrial customers.

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