Genuine Parts (NYSE:GPC – Get Free Report) issued its quarterly earnings data on Tuesday. The specialty retailer reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54), Briefing.com reports. Genuine Parts had a return on equity of 30.03% and a net margin of 5.24%. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the company earned $2.49 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Genuine Parts updated its FY 2024 guidance to 8.000-8.200 EPS and its FY24 guidance to $8.00-$8.20 EPS.
Genuine Parts Price Performance
NYSE:GPC opened at $116.35 on Thursday. The stock has a 50 day moving average of $138.23 and a two-hundred day moving average of $142.63. The company has a current ratio of 1.12, a quick ratio of 0.54 and a debt-to-equity ratio of 0.66. The firm has a market cap of $16.21 billion, a P/E ratio of 12.96 and a beta of 0.90. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45.
Genuine Parts Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, September 6th. Genuine Parts’s dividend payout ratio is presently 44.59%.
Wall Street Analyst Weigh In
About Genuine Parts
Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates in two segments: Automotive Parts Group and Industrial Parts Group segments. The company distributes automotive replacement parts for hybrid and electric vehicles, trucks, SUVs, buses, motorcycles, recreational vehicles, farm vehicles, small engines, farm equipment, marine equipment, and heavy duty equipment; and equipment and parts used by repair shops, service stations, fleet operators, automobile and truck dealers, leasing companies, bus and truck lines, mass merchandisers, farms, and individuals.
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