Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through 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 accessory and supply items used by various automotive aftermarket customers, such as repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, industrial concerns, and individuals. It also distributes industrial replacement parts and related supplies, such as bearings, mechanical and electrical power transmission products, industrial automation and robotics, hoses, hydraulic and pneumatic components, industrial and safety supplies, and material handling products for original equipment manufacturer, as well as maintenance, repair, and operation customers in equipment and machinery, food and beverage, forest product, primary metal, pulp and paper, mining, automotive, oil and gas, petrochemical, pharmaceutical, power generation, alternative energy, governments, transportation, ports, and other industries. In addition, the company provides various services and repairs comprising gearbox and fluid power and process pump assembly and repair, hydraulic drive shaft repair, electrical panel assembly and repair, hose and gasket manufacture and assembly, and other value-added services. It operates in the United States, Canada, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands, Belgium, Australia, New Zealand, Mexico, Indonesia, and Singapore. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.
Genuine Parts Trading Up 0.1 %
NYSE:GPC traded up $0.17 during mid-day trading on Tuesday, reaching $152.07. 925,197 shares of the company's stock traded hands, compared to its average volume of 771,990. Genuine Parts has a 12-month low of $115.63 and a 12-month high of $154.13. The company has a 50 day moving average price of $138.88 and a 200-day moving average price of $132.80. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.17 and a quick ratio of 0.58. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.92 and a beta of 0.99.
Genuine Parts (NYSE:GPC - Get Rating) last posted its earnings results on Wednesday, July 27th. The specialty retailer reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.17. Genuine Parts had a return on equity of 31.67% and a net margin of 5.38%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.30 billion. During the same quarter in the prior year, the business earned $1.74 EPS. The business's revenue for the quarter was up 17.1% on a year-over-year basis. On average, sell-side analysts predict that Genuine Parts will post 7.95 earnings per share for the current year.
Wall Street Analysts Forecast Growth
GPC has been the topic of several analyst reports. Evercore ISI decreased their price objective on Genuine Parts to $135.00 in a report on Thursday, June 9th. Wedbush raised their target price on Genuine Parts from $140.00 to $150.00 in a research note on Thursday, July 28th. Finally, Bank of America upgraded Genuine Parts from an "underperform" rating to a "neutral" rating and set a $133.00 price target on the stock in a report on Tuesday, May 10th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $140.20.