Genuine Parts - GPC Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Genuine Parts in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GPC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GPC, but not buy additional shares or sell existing shares.
View GPC analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month price targets for Genuine Parts' stock. Their GPC share price forecasts range from $133.00 to $150.00. On average, they expect the company's stock price to reach $140.20 in the next year. This suggests that the stock has a possible downside of 6.1%.
View analysts price targets for GPC or view top-rated stocks among Wall Street analysts.

Genuine Parts' stock was trading at $140.20 at the start of the year. Since then, GPC stock has increased by 6.5% and is now trading at $149.32.
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Genuine Parts saw a increase in short interest in September. As of September 15th, there was short interest totaling 2,370,000 shares, an increase of 31.7% from the August 31st total of 1,800,000 shares. Based on an average trading volume of 883,700 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.7% of the company's stock are sold short.
View Genuine Parts' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our GPC earnings forecast.

Genuine Parts will be holding an earnings conference call on Thursday, October 20th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-344-7529 with passcode "7447739".

Genuine Parts (NYSE:GPC) issued its earnings results on Wednesday, July, 27th. The specialty retailer reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.02 by $0.18. The specialty retailer had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.30 billion. Genuine Parts had a trailing twelve-month return on equity of 31.67% and a net margin of 5.38%. The business's revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.74 earnings per share.
Read the conference call transcript.

Genuine Parts declared a quarterly dividend on Monday, August 15th. Shareholders of record on Friday, September 2nd will be paid a dividend of $0.895 per share on Monday, October 3rd. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for GPC.

Genuine Parts (NYSE:GPC) pays an annual dividend of $3.58 per share and currently has a dividend yield of 2.39%. The company has been increasing its dividend for 66 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GPC will have a dividend payout ratio of 42.07% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GPC.

Genuine Parts updated its FY 2022 earnings guidance on Wednesday, August, 3rd. The company provided EPS guidance of $7.80-$7.95 for the period, compared to the consensus earnings per share estimate of $7.83. The company issued revenue guidance of $21.14 billion-$21.51 billion, compared to the consensus revenue estimate of $21.12 billion.

41 employees have rated Genuine Parts Chief Executive Officer Paul Donahue on Glassdoor.com. Paul Donahue has an approval rating of 73% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Genuine Parts investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Exxon Mobil (XOM), Coca-Cola (KO), AbbVie (ABBV), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and Chevron (CVX).

Genuine Parts trades on the New York Stock Exchange (NYSE) under the ticker symbol "GPC."

Shares of GPC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GPC stock can currently be purchased for approximately $149.32.

Genuine Parts (NYSE:GPC) has a market capitalization of $21.12 billion and generates $18.87 billion in revenue each year. The specialty retailer earns $898.79 million in net income (profit) each year or $7.72 on an earnings per share basis.

The company employs 52,000 workers across the globe.

Genuine Parts' mailing address is 2999 WILDWOOD PARKWAY, ATLANTA GA, 30339. The official website for the company is www.genpt.com. The specialty retailer can be reached via phone at (678) 934-5000, via email at webmaster@genpt.com, or via fax at 770-956-2211.