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 net margin of 5.24% and a return on equity of 30.03%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.94 billion. During the same period in the previous year, the firm posted $2.49 earnings per share. The company’s quarterly revenue 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 Stock Up 0.1 %
Genuine Parts stock opened at $116.35 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.54 and a current ratio of 1.12. The stock’s fifty day moving average is $138.23 and its two-hundred day moving average is $142.63. Genuine Parts has a fifty-two week low of $112.74 and a fifty-two week high of $164.45. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 12.96 and a beta of 0.90.
Genuine Parts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend was Friday, September 6th. Genuine Parts’s payout ratio is 44.59%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on GPC
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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