Wall Street analysts predict that Genuine Parts (NYSE:GPC) will report $4.10 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Genuine Parts’ earnings, with the highest sales estimate coming in at $4.24 billion and the lowest estimate coming in at $3.87 billion. Genuine Parts reported sales of $3.78 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The business is expected to report its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Genuine Parts will report full-year sales of $4.10 billion for the current fiscal year, with estimates ranging from $15.97 billion to $16.34 billion. For the next year, analysts forecast that the company will report sales of $18.34 billion per share, with estimates ranging from $18.12 billion to $18.50 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Genuine Parts.

Several analysts recently commented on the company. Jefferies Group restated a “hold” rating and issued a $95.00 target price on shares of Genuine Parts in a research report on Thursday, October 12th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Royal Bank of Canada raised their target price on Genuine Parts from $85.00 to $98.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 26th. Moffett Nathanson assumed coverage on Genuine Parts in a research report on Monday, December 4th. They issued a “sell” rating on the stock. Finally, Gabelli restated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $95.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sun Life Financial INC increased its position in shares of Genuine Parts by 15,400.0% during the 2nd quarter. Sun Life Financial INC now owns 1,085 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 1,078 shares during the period. Horan Capital Advisors LLC. acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $134,000. IBM Retirement Fund acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $200,000. Savant Capital LLC acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $208,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Genuine Parts during the 3rd quarter valued at $217,000. Hedge funds and other institutional investors own 75.84% of the company’s stock.

Shares of Genuine Parts (GPC) opened at $104.14 on Friday. Genuine Parts has a 1 year low of $79.86 and a 1 year high of $104.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62. The company has a market capitalization of $15,268.38, a P/E ratio of 22.89, a P/E/G ratio of 2.54 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were given a $0.675 dividend. This represents a $2.70 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend was Thursday, December 7th. Genuine Parts’s dividend payout ratio is currently 60.40%.

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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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Earnings History and Estimates for Genuine Parts (NYSE:GPC)

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