Wedbush Issues Negative Outlook for Genuine Parts Earnings

Genuine Parts (NYSE:GPC) – Equities research analysts at Wedbush cut their Q1 2025 EPS estimates for Genuine Parts in a report released on Wednesday, October 23rd. Wedbush analyst S. Basham now anticipates that the specialty retailer will earn $2.15 per share for the quarter, down from their prior estimate of $2.34. Wedbush has a “Neutral” rating and a $120.00 price objective on the stock. The consensus estimate for Genuine Parts’ current full-year earnings is $9.37 per share. Wedbush also issued estimates for Genuine Parts’ Q2 2025 earnings at $2.47 EPS.

A number of other brokerages have also recently commented on GPC. Truist Financial cut their price target on shares of Genuine Parts from $164.00 to $129.00 and set a “buy” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on shares of Genuine Parts from $145.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com cut shares of Genuine Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $139.57.

Genuine Parts Stock Performance

Shares of GPC opened at $114.28 on Friday. 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 stock has a market capitalization of $15.92 billion, a P/E ratio of 12.74 and a beta of 0.90. The firm’s fifty day simple moving average is $137.22 and its two-hundred day simple moving average is $142.18. Genuine Parts has a 12 month low of $112.74 and a 12 month high of $164.45.

Genuine Parts (NYSE:GPC) last issued its quarterly earnings results on Tuesday, October 22nd. The specialty retailer reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $2.42 by ($0.54). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.94 billion. Genuine Parts had a net margin of 5.24% and a return on equity of 30.03%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $2.49 EPS.

Institutional Investors Weigh In On Genuine Parts

Institutional investors and hedge funds have recently made changes to their positions in the business. Comerica Bank increased its stake in Genuine Parts by 19.6% in the 1st quarter. Comerica Bank now owns 113,657 shares of the specialty retailer’s stock valued at $17,609,000 after buying an additional 18,657 shares during the last quarter. Mezzasalma Advisors LLC increased its stake in Genuine Parts by 497.0% in the 1st quarter. Mezzasalma Advisors LLC now owns 12,035 shares of the specialty retailer’s stock valued at $1,865,000 after buying an additional 10,019 shares during the last quarter. Acadian Asset Management LLC increased its stake in Genuine Parts by 137.9% in the 1st quarter. Acadian Asset Management LLC now owns 22,997 shares of the specialty retailer’s stock valued at $3,560,000 after buying an additional 13,330 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Genuine Parts in the 1st quarter valued at about $3,083,000. Finally, Wellington Management Group LLP increased its stake in Genuine Parts by 726.9% in the 4th quarter. Wellington Management Group LLP now owns 54,742 shares of the specialty retailer’s stock valued at $7,582,000 after buying an additional 48,122 shares during the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Genuine Parts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.50%. Genuine Parts’s dividend payout ratio is presently 44.59%.

Genuine Parts Company Profile

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.