Genuine Parts (NYSE:GPC) Issues Earnings Results

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

Genuine Parts Trading Down 0.4 %

Shares of NYSE GPC traded down $0.47 during midday trading on Friday, hitting $116.62. The company's stock had a trading volume of 1,171,405 shares, compared to its average volume of 1,246,808. The business's 50 day moving average is $118.98 and its two-hundred day moving average is $120.63. Genuine Parts has a 12-month low of $104.01 and a 12-month high of $162.06. The company has a current ratio of 1.16, a quick ratio of 0.57 and a debt-to-equity ratio of 0.86. The firm has a market cap of $16.19 billion, a P/E ratio of 18.02 and a beta of 0.82.

Genuine Parts Increases Dividend

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

Analyst Ratings Changes

GPC has been the topic of a number of recent research reports. Truist Financial upped their price target on shares of Genuine Parts from $133.00 to $137.00 and gave the company a "buy" rating in a research note on Thursday. Northcoast Research cut shares of Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. Evercore ISI dropped their price target on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating for the company in a research report on Wednesday. StockNews.com downgraded Genuine Parts from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Loop Capital started coverage on Genuine Parts in a research note on Thursday, January 16th. They issued a "buy" rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.