Genuine Parts (NYSE:GPC) Issues FY 2019 Earnings Guidance

Genuine Parts (NYSE:GPC) updated its FY 2019 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 $19.578151285-19.765502015 billion, compared to the consensus revenue estimate of $19.55 billion.Genuine Parts also updated its FY19 guidance to $5.65-5.75 EPS.

A number of research firms have recently issued reports on GPC. Stephens began coverage on shares of Genuine Parts in a research report on Thursday, May 30th. They set an overweight rating and a $114.00 price objective on the stock. ValuEngine raised shares of Alleghany from a hold rating to a buy rating in a research report on Friday, April 19th. Zacks Investment Research upgraded shares of GALP ENERGIA SG/ADR from a sell rating to a hold rating in a research note on Monday, May 27th. Goldman Sachs Group upgraded shares of Altria Group from a neutral rating to a buy rating and set a $59.00 price target for the company in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. restated a sell rating and set a $18.00 price target on shares of ABB in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $106.29.

Shares of NYSE GPC traded down $2.43 during midday trading on Friday, hitting $95.18. 1,403,923 shares of the company traded hands, compared to its average volume of 746,586. Genuine Parts has a 12-month low of $91.04 and a 12-month high of $115.20. The company has a current ratio of 1.26, a quick ratio of 0.64 and a debt-to-equity ratio of 0.98. The firm has a 50-day moving average of $102.95. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 3.34 and a beta of 0.94.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 7th were given a dividend of $0.7625 per share. 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 (DPR) is 53.70%.

In other Genuine Parts news, insider Scott Sonnemaker bought 5,000 shares of Genuine Parts stock in a transaction on Tuesday, May 7th. The stock was acquired at an average cost of $99.01 per share, with a total value of $495,050.00. Following the completion of the acquisition, the insider now owns 5,000 shares in the company, valued at $495,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by corporate 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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