Genuine Parts (NYSE:GPC) – Research analysts at Gabelli issued their FY2018 earnings estimates for shares of Genuine Parts in a research report issued on Wednesday. Gabelli analyst B. Sponheimer anticipates that the specialty retailer will post earnings of $5.85 per share for the year. Gabelli also issued estimates for Genuine Parts’ FY2019 earnings at $6.45 EPS, FY2020 earnings at $6.80 EPS and FY2021 earnings at $7.15 EPS.
Genuine Parts (NYSE:GPC) last posted its earnings results on Tuesday, February 20th. The specialty retailer reported $1.12 EPS for the quarter, topping the consensus estimate of $1.11 by $0.01. The firm had revenue of $4.21 billion for the quarter, compared to analyst estimates of $4.05 billion. Genuine Parts had a return on equity of 20.48% and a net margin of 3.78%. Genuine Parts’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share.
Genuine Parts (NYSE:GPC) traded down $1.19 during trading on Monday, reaching $93.68. The company had a trading volume of 289,116 shares, compared to its average volume of 928,700. The firm has a market capitalization of $13,859.38, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.49 and a beta of 1.14. Genuine Parts has a 12-month low of $79.86 and a 12-month high of $107.75. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 1.34.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 3.07%. This is an increase from Genuine Parts’s previous quarterly dividend of $0.68. Genuine Parts’s dividend payout ratio is currently 64.59%.
A number of hedge funds have recently modified their holdings of the business. Green Square Capital LLC boosted its position in Genuine Parts by 180.7% during the fourth quarter. Green Square Capital LLC now owns 6,523 shares of the specialty retailer’s stock worth $620,000 after purchasing an additional 4,199 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Genuine Parts by 6.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 23,728 shares of the specialty retailer’s stock worth $2,254,000 after purchasing an additional 1,450 shares in the last quarter. Wagner Wealth Management LLC purchased a new position in Genuine Parts during the fourth quarter worth approximately $117,000. KCM Investment Advisors LLC boosted its position in Genuine Parts by 1.1% during the fourth quarter. KCM Investment Advisors LLC now owns 79,811 shares of the specialty retailer’s stock worth $7,583,000 after purchasing an additional 849 shares in the last quarter. Finally, Colonial Trust Advisors boosted its position in Genuine Parts by 64.0% during the fourth quarter. Colonial Trust Advisors now owns 4,510 shares of the specialty retailer’s stock worth $428,000 after purchasing an additional 1,760 shares in the last quarter. Institutional investors own 74.65% of the company’s stock.
Genuine Parts Company Profile
Genuine Parts Company is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical/electronic materials. The Company’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.
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