Genuine Parts (NYSE:GPC) Updates FY 2025 Earnings Guidance

Genuine Parts (NYSE:GPC - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 7.500-8.000 for the period, compared to the consensus EPS estimate of 7.723. The company issued revenue guidance of $23.7 billion-$24.2 billion, compared to the consensus revenue estimate of $24.1 billion.

Genuine Parts Stock Performance

NYSE GPC traded down $1.21 during trading on Thursday, reaching $133.47. 683,889 shares of the company's stock were exchanged, compared to its average volume of 1,432,056. The business has a 50 day moving average price of $124.53 and a 200-day moving average price of $120.80. The stock has a market capitalization of $18.52 billion, a P/E ratio of 22.97 and a beta of 0.74. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.14 and a quick ratio of 0.52. Genuine Parts has a fifty-two week low of $104.01 and a fifty-two week high of $149.22.

Genuine Parts (NYSE:GPC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The specialty retailer reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. The firm had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.10 billion. Genuine Parts had a return on equity of 22.41% and a net margin of 3.40%. The business's revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 earnings per share. Sell-side analysts forecast that Genuine Parts will post 7.9 earnings per share for the current fiscal year.

Genuine Parts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Friday, June 6th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, June 6th. Genuine Parts's payout ratio is 70.91%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI decreased their target price on Genuine Parts from $135.00 to $130.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Argus upgraded Genuine Parts to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group boosted their price target on Genuine Parts from $125.00 to $135.00 and gave the company a "neutral" rating in a research note on Wednesday. Wall Street Zen cut Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th. Finally, Truist Financial boosted their price target on Genuine Parts from $137.00 to $143.00 and gave the company a "buy" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Genuine Parts presently has an average rating of "Hold" and an average price target of $135.29.

Institutional Trading of Genuine Parts

A hedge fund recently raised its stake in Genuine Parts stock. Woodline Partners LP grew its holdings in shares of Genuine Parts Company (NYSE:GPC - Free Report) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,746 shares of the specialty retailer's stock after acquiring an additional 3,396 shares during the period. Woodline Partners LP's holdings in Genuine Parts were worth $1,399,000 as of its most recent SEC filing. 78.83% of the stock is owned by institutional investors and hedge funds.

About Genuine Parts

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.