Wedbush Has Negative Forecast for Genuine Parts Q1 Earnings

Genuine Parts (NYSE:GPC) – Analysts at Wedbush cut their Q1 2025 EPS estimates for Genuine Parts in a note issued to investors 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 currently has a “Neutral” rating and a $120.00 target price on the stock. The consensus estimate for Genuine Parts’ current full-year earnings is $8.10 per share. Wedbush also issued estimates for Genuine Parts’ Q2 2025 earnings at $2.47 EPS.

Genuine Parts (NYSE:GPC) last released its quarterly earnings data on Tuesday, October 22nd. The specialty retailer reported $1.88 earnings per share for the quarter, missing the consensus estimate of $2.42 by ($0.54). The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $5.94 billion. Genuine Parts had a return on equity of 27.23% and a net margin of 4.67%. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS.

GPC has been the subject of several other reports. Evercore ISI raised their target price on shares of Genuine Parts from $155.00 to $160.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group cut their price objective on Genuine Parts from $162.00 to $138.00 and set a “neutral” rating on the stock in a research report on Wednesday. Truist Financial decreased their target price on Genuine Parts from $164.00 to $129.00 and set a “buy” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on Genuine Parts from $162.00 to $135.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded Genuine Parts from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Genuine Parts currently has an average rating of “Hold” and an average price target of $139.57.

Genuine Parts Stock Performance

NYSE:GPC opened at $114.24 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm’s fifty day simple moving average is $137.22 and its 200 day simple moving average is $142.12. The stock has a market cap of $15.92 billion, a P/E ratio of 14.70 and a beta of 0.90. Genuine Parts has a twelve month low of $112.74 and a twelve month high of $164.45.

Hedge Funds Weigh In On Genuine Parts

Several large investors have recently modified their holdings of GPC. WD Rutherford LLC bought a new position in Genuine Parts in the 1st quarter valued at approximately $26,000. Stephens Consulting LLC increased its holdings in Genuine Parts by 740.7% in the 1st quarter. Stephens Consulting LLC now owns 227 shares of the specialty retailer’s stock worth $35,000 after buying an additional 200 shares in the last quarter. Manchester Capital Management LLC raised its position in Genuine Parts by 36.1% in the 1st quarter. Manchester Capital Management LLC now owns 249 shares of the specialty retailer’s stock worth $39,000 after buying an additional 66 shares during the last quarter. Concord Wealth Partners lifted its stake in Genuine Parts by 79.3% during the 3rd quarter. Concord Wealth Partners now owns 269 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 119 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in shares of Genuine Parts during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Genuine Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Friday, September 6th. Genuine Parts’s payout ratio is 51.48%.

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.