Wall Street brokerages expect Genuine Parts (NYSE:GPC) to report $4.00 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Genuine Parts’ earnings, with estimates ranging from $3.87 billion to $4.24 billion. Genuine Parts posted sales of $3.78 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 5.8%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Genuine Parts will report full year sales of $4.00 billion for the current fiscal year, with estimates ranging from $15.97 billion to $16.34 billion. For the next financial year, analysts forecast that the company will post sales of $17.90 billion per share, with estimates ranging from $16.60 billion to $18.50 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Genuine Parts.

Genuine Parts (NYSE:GPC) last posted its earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.12). Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same period last year, the firm posted $1.24 EPS. The company’s revenue for the quarter was down 72.2% on a year-over-year basis.

Several brokerages have recently weighed in on GPC. Royal Bank of Canada lifted their price target on shares of Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded shares of Genuine Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Jefferies Group reiterated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research note on Thursday, October 12th. Moffett Nathanson began coverage on shares of Genuine Parts in a research note on Monday, December 4th. They set a “sell” rating on the stock. Finally, Gabelli reiterated a “buy” rating on shares of Genuine Parts in a research note on Friday, October 20th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $95.00.

Several institutional investors have recently modified their holdings of the company. BKS Advisors LLC lifted its stake in shares of Genuine Parts by 1.3% during the 2nd quarter. BKS Advisors LLC now owns 2,580 shares of the specialty retailer’s stock valued at $239,000 after buying an additional 33 shares in the last quarter. Godsey & Gibb Associates lifted its stake in shares of Genuine Parts by 1.0% during the 2nd quarter. Godsey & Gibb Associates now owns 4,161 shares of the specialty retailer’s stock valued at $386,000 after buying an additional 40 shares in the last quarter. MUFG Americas Holdings Corp lifted its stake in shares of Genuine Parts by 1.5% during the 2nd quarter. MUFG Americas Holdings Corp now owns 2,985 shares of the specialty retailer’s stock valued at $277,000 after buying an additional 45 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Genuine Parts by 0.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,849 shares of the specialty retailer’s stock valued at $543,000 after buying an additional 55 shares in the last quarter. Finally, Marietta Wealth Management LLC lifted its stake in shares of Genuine Parts by 1.3% during the 2nd quarter. Marietta Wealth Management LLC now owns 5,235 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.

Genuine Parts (GPC) traded up $1.46 during trading hours on Tuesday, reaching $93.44. 580,600 shares of the company’s stock were exchanged, compared to its average volume of 853,570. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32. Genuine Parts has a fifty-two week low of $79.86 and a fifty-two week high of $100.90. The company has a market cap of $13,488.44, a P/E ratio of 20.22, a PEG ratio of 3.51 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.675 per share. This represents a $2.70 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 7th. Genuine Parts’s dividend payout ratio is presently 60.40%.

Genuine Parts declared that its Board of Directors has authorized a stock buyback program on Monday, August 21st that allows the company to buyback 15,000,000 outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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About Genuine Parts

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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Earnings History and Estimates for Genuine Parts (NYSE:GPC)

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