Somewhat Favorable News Coverage Somewhat Likely to Affect Genuine Parts (GPC) Share Price
News stories about Genuine Parts (NYSE:GPC) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Genuine Parts earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 50.7584150462014 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Shares of Genuine Parts (GPC) opened at 95.18 on Tuesday. Genuine Parts has a 12-month low of $79.86 and a 12-month high of $100.90. The stock has a 50 day moving average price of $88.01 and a 200-day moving average price of $89.00. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 20.61 and a beta of 1.10.
Genuine Parts (NYSE:GPC) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.05 billion. Genuine Parts had a return on equity of 23.42% and a net margin of 4.63%. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 earnings per share. Equities analysts anticipate that Genuine Parts will post $4.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were given a $0.675 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $2.70 annualized dividend and a yield of 2.84%. Genuine Parts’s dividend payout ratio is currently 58.32%.
Genuine Parts announced that its board has approved a stock repurchase plan on Monday, August 21st that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of analysts have recently issued reports on the company. Royal Bank Of Canada increased their target price on Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a report on Tuesday, September 26th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub lowered Genuine Parts from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Gabelli upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a report on Friday, July 21st. Finally, Jefferies Group LLC restated a “hold” rating and issued a $95.00 target price on shares of Genuine Parts in a report on Sunday, September 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $96.33.
Genuine Parts Company Profile
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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