Genuine Parts (NYSE:GPC) Issues FY 2026 Earnings Guidance

Genuine Parts (NYSE:GPC) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 7.500-8.000 for the period, compared to the consensus earnings per share estimate of 8.410. The company issued revenue guidance of $25.0 billion-$25.6 billion, compared to the consensus revenue estimate of $25.2 billion.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on GPC shares. Evercore set a $175.00 target price on shares of Genuine Parts in a research report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price objective on shares of Genuine Parts from $145.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, October 23rd. Truist Financial set a $127.00 price target on shares of Genuine Parts and gave the company a “hold” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Genuine Parts in a research report on Monday, December 29th. Finally, UBS Group reduced their target price on Genuine Parts from $150.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Genuine Parts currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.17.

Genuine Parts Stock Down 3.7%

GPC opened at $121.10 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.08 and a debt-to-equity ratio of 0.79. Genuine Parts has a twelve month low of $104.01 and a twelve month high of $151.57. The stock has a market cap of $16.85 billion, a price-to-earnings ratio of 263.26 and a beta of 0.74. The company’s 50-day moving average price is $133.53 and its two-hundred day moving average price is $133.55.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Tuesday, February 17th. The specialty retailer reported $1.55 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.24). Genuine Parts had a net margin of 0.27% and a return on equity of 22.28%. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.06 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Genuine Parts has set its FY 2026 guidance at 7.500-8.000 EPS. As a group, equities analysts expect that Genuine Parts will post 7.9 earnings per share for the current year.

Genuine Parts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 6th will be issued a dividend of $1.0625 per share. This is a positive change from Genuine Parts’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, March 6th. This represents a $4.25 annualized dividend and a dividend yield of 3.5%. Genuine Parts’s payout ratio is currently 70.91%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GPC. State Street Corp grew its position in shares of Genuine Parts by 1.4% in the fourth quarter. State Street Corp now owns 7,589,908 shares of the specialty retailer’s stock valued at $940,940,000 after purchasing an additional 107,440 shares during the last quarter. Morgan Stanley increased its position in shares of Genuine Parts by 16.6% during the fourth quarter. Morgan Stanley now owns 2,512,478 shares of the specialty retailer’s stock worth $308,935,000 after acquiring an additional 357,979 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Genuine Parts by 2.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,294,749 shares of the specialty retailer’s stock valued at $282,162,000 after acquiring an additional 57,341 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Genuine Parts by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,875,011 shares of the specialty retailer’s stock worth $230,563,000 after acquiring an additional 14,457 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Genuine Parts by 3.2% during the third quarter. Bank of America Corp DE now owns 1,746,350 shares of the specialty retailer’s stock worth $242,044,000 after acquiring an additional 54,754 shares during the period. 78.83% of the stock is currently owned by institutional investors and hedge funds.

About Genuine Parts

Genuine Parts Company (NYSE: GPC) is a global distributor of automotive replacement parts, industrial parts and business products with a history dating back to 1928. Headquartered in Atlanta, Georgia, the company operates a broad distribution network and retail presence serving repair shops, independent retailers, industrial customers and commercial accounts. Its business model centers on stocking and delivering a wide range of parts and supplies to support aftermarket and maintenance needs across multiple end markets.

Genuine Parts conducts its operations through several well-known operating groups and subsidiaries.