Genuine Parts (NYSE:GPC) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.60-5.75 for the period, compared to the Thomson Reuters consensus estimate of $5.93. The company issued revenue guidance of $18.27-18.43 billion, compared to the consensus revenue estimate of $18.16 billion.
Several research analysts have weighed in on the company. Zacks Investment Research raised Genuine Parts from a hold rating to a buy rating and set a $112.00 price objective on the stock in a research report on Tuesday, February 6th. Moffett Nathanson assumed coverage on Genuine Parts in a research report on Monday, December 4th. They issued a sell rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $98.40.
Genuine Parts (GPC) opened at $99.83 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.62. Genuine Parts has a 1 year low of $79.86 and a 1 year high of $107.75. The firm has a market capitalization of $14,636.43, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Friday, March 9th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.88%. This is a boost from Genuine Parts’s previous quarterly dividend of $0.68. Genuine Parts’s payout ratio is currently 60.40%.
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About Genuine Parts
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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