Genuine Parts (NYSE:GPC) posted its quarterly earnings data on Thursday. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.20, MarketWatch Earnings reports. The business had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $4.34 billion. Genuine Parts had a return on equity of 27.80% and a net margin of 0.31%. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. Genuine Parts updated its FY21 guidance to $6.20-6.35 EPS and its FY 2021 guidance to $6.200-$6.350 EPS.
NYSE:GPC traded down $2.80 on Thursday, hitting $126.37. The stock had a trading volume of 29,351 shares, compared to its average volume of 509,278. The stock has a market cap of $18.26 billion, a PE ratio of 371.72, a price-to-earnings-growth ratio of 2.96 and a beta of 1.11. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average price of $128.47. Genuine Parts has a 52-week low of $87.04 and a 52-week high of $135.93.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 1st. Investors of record on Friday, June 4th were given a dividend of $0.815 per share. The ex-dividend date was Thursday, June 3rd. This represents a $3.26 annualized dividend and a dividend yield of 2.58%. Genuine Parts’s dividend payout ratio (DPR) is presently 61.86%.
A number of research firms have issued reports on GPC. Zacks Investment Research upgraded Genuine Parts from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Tuesday, April 20th. TheStreet upgraded Genuine Parts from a “c+” rating to a “b” rating in a report on Monday, April 26th. JPMorgan Chase & Co. raised their price target on Genuine Parts from $115.00 to $140.00 and gave the company an “overweight” rating in a report on Monday, April 26th. Argus raised their price target on Genuine Parts from $109.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, April 28th. Finally, Evercore ISI restated a “hold” rating on shares of Genuine Parts in a report on Sunday, April 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $127.50.
About Genuine Parts
Genuine Parts Co engages in the distribution of automotive and industrial replacement parts. It operates through the following segments: Automotive Parts Group and Industrial Parts Group. The Automotive Parts Group segment distributes replacement parts, other than body parts for substantially all makes and models of automobiles, trucks, and other vehicles.
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