Genuine Parts (NYSE:GPC) Releases Earnings Results, Beats Expectations By $0.09 EPS

Genuine Parts (NYSE:GPC - Get Free Report) released its earnings results on Tuesday. The specialty retailer reported $1.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.09, Zacks reports. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. Genuine Parts had a net margin of 3.85% and a return on equity of 25.28%. Genuine Parts updated its FY 2025 guidance to 7.750-8.250 EPS.

Genuine Parts Stock Down 0.4 %

GPC traded down $0.47 during mid-day trading on Friday, reaching $116.62. 1,171,405 shares of the stock were exchanged, compared to its average volume of 1,246,808. Genuine Parts has a 1 year low of $104.01 and a 1 year high of $162.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16. The stock has a market capitalization of $16.19 billion, a PE ratio of 18.02 and a beta of 0.82. The company has a 50 day moving average price of $118.98 and a two-hundred day moving average price of $120.63.

Genuine Parts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Friday, March 7th were paid a dividend of $1.03 per share. The ex-dividend date was Friday, March 7th. This is a boost from Genuine Parts's previous quarterly dividend of $1.00. This represents a $4.12 annualized dividend and a yield of 3.53%. Genuine Parts's dividend payout ratio (DPR) is 67.65%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GPC. Loop Capital began coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They issued a "buy" rating and a $155.00 price target for the company. Truist Financial boosted their target price on Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research report on Thursday. StockNews.com lowered Genuine Parts from a "buy" rating to a "hold" rating in a report on Saturday. Northcoast Research downgraded Genuine Parts from a "buy" rating to a "neutral" rating in a report on Friday, January 17th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $114.00 target price (down from $133.00) on shares of Genuine Parts in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $130.86.

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.