Genuine Parts (NYSE:GPC) Releases FY19 Earnings Guidance

Genuine Parts (NYSE:GPC) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $5.65-5.75 for the period, compared to the Thomson Reuters consensus estimate of $5.91. The company issued revenue guidance of $19.58-19.77 billion (+4.5-5.5%), compared to the consensus revenue estimate of $19.55 billion.Genuine Parts also updated its FY 2019 guidance to $5.65-5.75 EPS.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a report on Monday, May 27th. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a report on Friday, April 19th. Stephens assumed coverage on shares of Genuine Parts in a report on Thursday, May 30th. They issued an overweight rating and a $114.00 price target on the stock. Goldman Sachs Group raised shares of Altria Group from a neutral rating to a buy rating and set a $59.00 price target on the stock in a report on Thursday, July 11th. Finally, JPMorgan Chase & Co. reaffirmed a sell rating and issued a $18.00 price target on shares of ABB in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $107.33.

NYSE:GPC opened at $95.18 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.64. The company has a market cap of $13.90 billion, a PE ratio of 16.76, a PEG ratio of 3.26 and a beta of 0.94. The business has a 50 day moving average of $102.95. Genuine Parts has a 12 month low of $91.04 and a 12 month high of $115.20.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Thursday, July 18th. The specialty retailer reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.08). Genuine Parts had a net margin of 4.17% and a return on equity of 23.16%. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $5 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Genuine Parts will post 5.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were paid a $0.7625 dividend. The ex-dividend date was Thursday, June 6th. This represents a $3.05 dividend on an annualized basis and a yield of 3.20%. Genuine Parts’s dividend payout ratio is 53.70%.

In other Genuine Parts news, insider Scott Sonnemaker acquired 5,000 shares of Genuine Parts stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average cost of $99.01 per share, for a total transaction of $495,050.00. Following the purchase, the insider now owns 5,000 shares of the company’s stock, valued at $495,050. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.

About Genuine Parts

Genuine Parts Company distributes automotive replacement, industrial parts and materials, and business products in North America, Australia, New Zealand, the United Kingdom, France, Germany, Poland, and Puerto Rico. The company distributes automotive replacement parts for imported vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, and heavy duty equipment; and accessory items for automotive aftermarket, 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.

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

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