Wall Street analysts forecast that Genuine Parts (NYSE:GPC) will announce earnings per share of $1.31 for the current quarter, according to Zacks. Four analysts have provided estimates for Genuine Parts’ earnings. The highest EPS estimate is $1.34 and the lowest is $1.27. Genuine Parts posted earnings per share of $1.35 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The firm is expected to announce its next earnings results before the market opens on Wednesday, February 19th.

On average, analysts expect that Genuine Parts will report full-year earnings of $5.66 per share for the current financial year, with EPS estimates ranging from $5.61 to $5.68. For the next year, analysts anticipate that the business will report earnings of $5.98 per share, with EPS estimates ranging from $5.84 to $6.10. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Genuine Parts.

GPC has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $99.00 price objective on Genuine Parts and gave the stock a “hold” rating in a report on Friday, October 18th. Goldman Sachs Group lowered Genuine Parts from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $101.00 to $93.00 in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Genuine Parts presently has an average rating of “Hold” and a consensus target price of $103.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Evoke Wealth LLC acquired a new stake in shares of Genuine Parts during the 3rd quarter valued at $63,000. Pictet Asset Management Ltd. lifted its position in shares of Genuine Parts by 4.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 73,302 shares of the specialty retailer’s stock valued at $7,300,000 after acquiring an additional 3,100 shares during the last quarter. Colony Group LLC lifted its position in shares of Genuine Parts by 5.5% during the 3rd quarter. Colony Group LLC now owns 49,163 shares of the specialty retailer’s stock valued at $4,896,000 after acquiring an additional 2,571 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Genuine Parts by 45.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,214 shares of the specialty retailer’s stock valued at $918,000 after acquiring an additional 2,883 shares during the last quarter. Finally, First Midwest Bank Trust Division lifted its position in shares of Genuine Parts by 56.4% during the 4th quarter. First Midwest Bank Trust Division now owns 10,528 shares of the specialty retailer’s stock valued at $1,118,000 after acquiring an additional 3,798 shares during the last quarter. 77.29% of the stock is owned by hedge funds and other institutional investors.

GPC stock traded down $0.49 on Friday, reaching $96.47. The company’s stock had a trading volume of 637,457 shares, compared to its average volume of 663,673. Genuine Parts has a 52 week low of $87.26 and a 52 week high of $115.20. The company has a market capitalization of $13.82 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 3.00 and a beta of 0.89. The firm has a fifty day moving average of $99.70 and a two-hundred day moving average of $99.03. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.68.

Genuine Parts Company Profile

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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