Group 1 - Analysts expect Genuine Parts (GPC) to report quarterly earnings of $2.45 per share, reflecting a year-over-year decline of 1.6% [1] - Revenue projections for the upcoming quarter are set at $5.98 billion, indicating a 2.7% increase from the previous year [1] - There have been no revisions in the consensus EPS estimate over the past 30 days, suggesting stability in analysts' projections [1] Group 2 - Analysts estimate 'Net Sales- Automotive' to be $3.75 billion, representing a year-over-year increase of 3.3% [4] - The forecast for 'Net Sales- Industrial' is $2.26 billion, indicating a 2.9% increase compared to the same quarter last year [4] - The consensus estimate for 'Operating profit- Industrial' is $285.69 million, slightly up from $282.81 million reported in the previous year [4] Group 3 - The estimated 'Operating profit- Automotive' is projected to reach $317.37 million, down from $322 million reported in the same quarter last year [5] - Genuine Parts shares have returned +3.7% over the past month, closely aligning with the Zacks S&P 500 composite's +3.8% change [5] - With a Zacks Rank 2 (Buy), GPC is anticipated to outperform the overall market in the near future [5]

Core Insights - Genuine Parts Company will present at the Gabelli Funds 48th Annual Automotive Symposium on November 5, 2024 [1] - The presentation will be available via live webcast on the company's investor relations website, with a replay accessible afterward [2] Company Overview - Genuine Parts Company, established in 1928, is a leading global service provider of automotive and industrial replacement parts and value-added solutions [3] - The Automotive Parts Group operates in multiple countries including the U.S., Canada, Mexico, and several European nations, while the Industrial Parts Group serves customers primarily in North America and Australasia [3] - The company has a vast network of over 10,700 locations across 17 countries, supported by more than 60,000 employees [3]

ATLANTA, Oct. 1, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, plans to release third quarter financial results on October 22, 2024. Following the release, management will host a conference call at 8:30 a.m. ET. The public may access the webcast and supplemental earnings materials on the company's investor relations website. The call is also available by dialing 1-800-836-8184. A replay of t ...

Genuine Parts (GPC) is a Zacks Rank #5 (Strong Sell) after the company missed the Zacks Consensus Estimate when the last reported on July 23 of this year. The company distributes automov. This article will look at why this stock is a Zacks Rank #5 (Strong Sell) as it is the Bear of the Day. Description Pool Corp. engages in the wholesale distribution of swimming pool supplies, equipment, and related leisure products. It also offers non-discretionary pool maintenance products such as chemicals and replacemen ...

A NAPA auto parts warehouse. jetcityimage/iStock Editorial via Getty Images One of the most appealing advantages of the dividend growth investing strategy is the ability to bypass market volatility. What do I mean? Regardless of what the market is doing, I believe a well-diversified portfolio of dividend stocks can provide me with a consistently growing income stream. Certain business models like REITs and utilities could encounter difficulties in a prolonged bear market. But from my perspective, my allocat ...

ATLANTA, Aug. 20, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today its Board of Directors declared a regular quarterly cash dividend of one dollar ($1.00) per share on the company's common stock. The dividend is payable on October 1, 2024 to shareholders of record on September 6, 2024. About Genuine Parts Company Established in 1928, Genuine Parts Company is a leading global ser ...

Jenn Hulett Appointed Executive Vice President and Chief People Officer ATLANTA, Aug. 19, 2024 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC), a leading global service provider of automotive and industrial replacement parts and value-added solutions, announced today that Jenn Hulett joined GPC as Executive Vice President and Chief People Officer, effective August 19, 2024. Jim Neill, who previously announced his retirement from GPC, will continue to serve in an advisory role through September 30, 2024 to ...

Core Viewpoint - Genuine Parts Company (GPC) has faced significant headwinds due to weak consumer demand and high-interest rates, impacting its financial performance and guidance for 2024 [2][5][13] Financial Performance - GPC reported Q2 earnings with revenue of $6 billion and EPS of $2.44, missing analysts' estimates by $40 million and $0.15 respectively [5] - The company has missed revenue estimates in every quarter over the past year, while beating earnings estimates, indicating the impact of high-interest rates on consumer spending [5][6] - For FY24, GPC's EPS guidance has been lowered to a range of $9.30 - $9.50, down from $9.80 - $9.95, reflecting a growth rate of 0% - 2% [5][9] Dividend Safety - GPC's dividend payout ratio has increased to 79.3%, up from 54% in October, raising concerns about sustainability [8][9] - The company increased its dividend by 5% to $1.00 per quarter, marking the 68th consecutive year of increases [8] - Free cash flow (FCF) for the first half of the year was $352.7 million, with $279.7 million paid in dividends, indicating a significant payout ratio [8][9] Acquisitions and Growth Strategy - GPC has made strategic acquisitions, including Gaudi and Motor Parts & Equipment Corporation, to enhance its market position and gross margin [4][7] - Despite headwinds, GPC's global automotive segment saw a 2% increase, contributing to a 6% year-over-year sales growth [7] Balance Sheet Strength - GPC's net debt to EBITDA ratio increased to 1.8x, remaining within the management's target range of 2x - 2.5x [10] - The company has $2 billion in liquidity, with $555 million in cash, providing a cushion for growth initiatives [10] Valuation - GPC's forward P/E ratio is 14.7x, below the sector median of 15.15x and significantly below its 5-year average of 18.73x, suggesting it may be undervalued [11] - The company is expected to offer strong upside potential of nearly 37% over the next 16 months as interest rates decrease and consumer confidence improves [11]

Genuine Parts (GPC) reported $5.96 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 0.8%. EPS of $2.44 for the same period compares to $2.44 a year ago. The reported revenue represents a surprise of -1.34% over the Zacks Consensus Estimate of $6.04 billion. With the consensus EPS estimate being $2.59, the EPS surprise was -5.79%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...

Genuine Parts Company (GPC) reported second-quarter 2024 adjusted earnings of $2.44 per share, which missed the Zacks Consensus Estimate of $2.59 per share. The bottom line remained flat year over year. Segmental Performance Financial Performance Revised 2024 Guidance GPC currently carries a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for VLVLY's 2024 earnings suggests year-over-year growth of 6.49%. EPS estimates for 2024 and 2025 have moved up 9 cents and 8 cents, respectively, in the past seven da ...