Analysts See $1.28 EPS for Genuine Parts Company (GPC)

September 17, 2017 - By Stephen Andrade

 Analysts See $1.28 EPS for Genuine Parts Company (GPC)
Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.21, from 1.2 in 2016Q3. It dropped, as 49 investors sold Genuine Parts Company shares while 211 reduced holdings. 50 funds opened positions while 208 raised stakes. 105.05 million shares or 2.36% more from 102.63 million shares in 2016Q3 were reported.
Motley Fool Wealth Mgmt Ltd Co has 0.03% invested in Genuine Parts Company (NYSE:GPC). Hennessy Advsr stated it has 42,600 shares. Vanguard Gp Incorporated holds 0.08% in Genuine Parts Company (NYSE:GPC) or 14.74M shares. Stephens Inc Ar owns 15,051 shares for 0.06% of their portfolio. Tiaa Cref Ltd Llc has 0.03% invested in Genuine Parts Company (NYSE:GPC) for 487,121 shares. Orleans Corp La has invested 1.01% of its portfolio in Genuine Parts Company (NYSE:GPC). 15,957 were accumulated by Dean Inv Limited Liability Corp. 15,491 were accumulated by Atlantic Trust Group Incorporated Limited Liability Com. State Of Tennessee Treasury Department holds 0.04% or 71,398 shares. Dillon Associates Incorporated reported 0.19% of its portfolio in Genuine Parts Company (NYSE:GPC). Ledyard Bank accumulated 25,578 shares or 0.43% of the stock. Trexquant Inv Limited Partnership has 0.14% invested in Genuine Parts Company (NYSE:GPC). Provise Mgmt Limited Liability Corp owns 4,323 shares. Moreover, Cleararc Cap has 0.06% invested in Genuine Parts Company (NYSE:GPC) for 3,600 shares. Pax Mngmt Ltd holds 0.11% or 21,000 shares.

Investors wait Genuine Parts Company (NYSE:GPC) to report on October, 18. its quarterly earnings Wall Street analysts expect $1.28 earnings per share, up $0.04 or 3.23 % from last year’s $1.24 same quarter earnings. This translates into $187.90M profit for GPC giving the stock a 16.92 P/E. This is assuming the current $1.28 EPS is accurate. Genuine Parts Company’s Wall Street analysts see -0.78 % negative EPS growth, taking into account the $1.29 EPS reproted in the previous quarter, The stock increased 0.30% or $0.26 on September 15, reaching $86.65. About 906,759 shares traded or 24.19% up from the average. Genuine Parts Company (NYSE:GPC) has declined 1.45% since September 17, 2016 and is downtrending. It has underperformed by 18.15% the S&P500.

Genuine Parts Company (NYSE:GPC) Ratings Coverage

Among 11 analysts covering Genuine Parts Company (NYSE:GPC), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Genuine Parts Company had 24 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Gabellu & Co. to “Hold” on Thursday, July 14. The stock has “Hold” rating by Jefferies on Friday, July 15. Gabelli upgraded the shares of GPC in report on Tuesday, October 20 to “Buy” rating. The firm has “Hold” rating given on Friday, May 26 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, October 15 by BB&T Capital. The company was initiated on Tuesday, September 15 by Jefferies. The company was maintained on Thursday, April 20 by RBC Capital Markets. As per Friday, September 8, the company rating was maintained by Jefferies. Jefferies maintained it with “Hold” rating and $95 target in Wednesday, April 19 report. The firm has “Buy” rating given on Friday, July 21 by Gabelli.

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 has market cap of $12.72 billion. The Company’s divisions include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other. It has a 18.74 P/E ratio. The automotive segment distributes replacement parts for all makes and models of automobiles, trucks and other vehicles.

More notable recent Genuine Parts Company (NYSE:GPC) news were published by: Nasdaq.com which released: “Genuine Parts Company (GPC) Ex-Dividend Date Scheduled for September 07, 2017” on September 06, 2017, also Seekingalpha.com with their article: “Genuine Parts Company’s (GPC) CEO Paul Donahue on Q2 2017 Results – Earnings …” published on July 20, 2017, Seekingalpha.com published: “Genuine Parts Company – This Company Suits My Investor Profile” on July 24, 2017. More interesting news about Genuine Parts Company (NYSE:GPC) were released by: Fool.com and their article: “Dividend stats on Genuine Parts” published on August 09, 2017 as well as Seekingalpha.com‘s news article titled: “Stock Of The Week: Genuine Parts” with publication date: August 01, 2017.

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