Genuine Parts (NYSE:GPC) announced its earnings results on Thursday. The specialty retailer reported $1.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.39, MarketWatch Earnings reports. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $4.45 billion. Genuine Parts had a negative net margin of 1.06% and a positive return on equity of 21.67%.
Shares of NYSE GPC opened at $90.15 on Friday. The business’s 50 day moving average price is $86.92 and its 200 day moving average price is $83.69. The firm has a market cap of $13.01 billion, a P/E ratio of -66.78, a P/E/G ratio of 14.61 and a beta of 1.10. Genuine Parts has a 52 week low of $49.68 and a 52 week high of $108.58. The company has a quick ratio of 0.65, a current ratio of 1.22 and a debt-to-equity ratio of 1.21.
A number of equities research analysts have recently weighed in on GPC shares. Bank of America boosted their price target on Genuine Parts from $78.00 to $82.00 and gave the stock a “buy” rating in a research note on Sunday, April 19th. JPMorgan Chase & Co. dropped their price target on Genuine Parts from $107.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. S&P Equity Research dropped their price target on Genuine Parts from $85.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, April 8th. Cfra dropped their price target on Genuine Parts from $100.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, May 6th. Finally, Royal Bank of Canada boosted their price target on Genuine Parts from $80.00 to $90.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.14.
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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