Genuine Parts (NYSE:GPC) Releases 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 7.750-8.250 for the period, compared to the consensus EPS estimate of 7.900. The company issued revenue guidance of $24.0 billion-$24.4 billion, compared to the consensus revenue estimate of $24.1 billion.

Genuine Parts Trading Down 0.4 %

Shares of NYSE GPC traded down $0.47 during midday trading on Friday, hitting $116.62. 1,171,405 shares of the company traded hands, compared to its average volume of 1,246,808. Genuine Parts has a 12-month low of $104.01 and a 12-month high of $162.06. The firm has a market cap of $16.19 billion, a P/E ratio of 18.02 and a beta of 0.82. The stock has a 50-day moving average price of $118.98 and a 200 day moving average price of $120.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.57 and a current ratio of 1.16.

Genuine Parts (NYSE:GPC - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The specialty retailer reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.66 by $0.09. Genuine Parts had a return on equity of 25.28% and a net margin of 3.85%. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.83 billion. As a group, analysts expect that Genuine Parts will post 7.9 earnings per share for the current year.

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 given a $1.03 dividend. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from Genuine Parts's previous quarterly dividend of $1.00. 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 Upgrades and Downgrades

Several equities research analysts recently commented on GPC shares. Loop Capital initiated coverage on shares of Genuine Parts in a research note on Thursday, January 16th. They set a "buy" rating and a $155.00 price objective on the stock. The Goldman Sachs Group reissued a "sell" rating and issued a $114.00 price target (down from $133.00) on shares of Genuine Parts in a research report on Tuesday, April 1st. StockNews.com cut Genuine Parts from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial boosted their target price on Genuine Parts from $133.00 to $137.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Northcoast Research lowered Genuine Parts from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $130.86.

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.