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Genuine Parts Company announced a quarterly dividend of $1.03 per share, reflecting a positive increase from the previous $1.00, with a yield of 3.61%. The company reported earnings of $1.61 per share for the last quarter, surpassing estimates, and has a payout ratio of 63.68%. Analysts currently rate the stock as a "Hold," with an average target price of $135.88.
Goldman Sachs has downgraded Genuine Parts Company from Neutral to Sell, lowering its price target from $133 to $114, citing weaker market positioning compared to competitors and underperformance in its NAPA and European Automotive businesses. Despite a mixed Q4 2024 earnings report, the firm remains skeptical about the company's projected recovery for FY25, highlighting potential downside risks amid challenging market conditions. Genuine Parts is also facing increased leverage due to acquisition activities, prompting S&P Global Ratings to revise its credit outlook to negative.
UBS maintains a Buy rating on O'Reilly Automotive, setting a price target of $1,400, citing the company's strategic investments and strong capital spending as key growth drivers. Despite a slight miss in Q3 earnings per share, O'Reilly's robust market capitalization and ongoing expansion, including 47 new stores opened in Q3, position it well for future growth. Analysts from multiple firms have raised their price targets, reflecting optimism for positive performance in Q4 and beyond.
UBS maintains a Buy rating on O'Reilly Automotive, setting a price target of $1,400, citing the company's strategic investments and strong financial health. Despite a slight miss in Q3 earnings per share, O'Reilly's commitment to capital spending and market share expansion positions it for steady growth, supported by recent upgrades from multiple analyst firms. The company has also increased its share repurchase program by $2 billion and opened 47 new stores in Q3, reflecting ongoing growth initiatives.
UBS has reiterated its Buy recommendation for O'Reilly Automotive, setting a target price of $1,400, citing the company's strategic investments and strong capital expenditures as key growth drivers. Despite a slight miss in Q3 earnings per share, O'Reilly's robust market capitalization and ongoing geographic expansion, including 111 new stores this year, position it well for future performance. Analysts from multiple firms have raised their price targets, reflecting optimism for positive Q4 results and EPS growth in 2025.
Armstrong Advisory Group Inc. increased its stake in Genuine Parts by 63.8%, now holding 362 shares valued at $51,000. The company, which distributes automotive and industrial parts, reported a quarterly EPS of $1.88, missing estimates, with revenue of $6 billion, up 3% year-over-year. Analysts have a consensus "Hold" rating, with price targets ranging from $125 to $164.
UBS has lowered its price target for Genuine Parts (NYSE:GPC) to $125 from $145, maintaining a Neutral rating due to disappointing third-quarter results and a challenging outlook. The company faced a $140 million impact from slower European sales and $40 million from disruptions, leading to a $0.36 EPS shortfall. Despite a 2.5% year-over-year sales increase to $6 billion, adjusted diluted EPS fell from $2.49 to $1.88 amid inflation and high interest rates, while the stock trades near its 52-week low.
Genuine Parts Company specializes in automotive and industrial spare parts, with net sales comprising 61.7% from automotive and 38.3% from industrial sectors. Geographically, 66% of sales are in the United States, followed by Europe (15.7%), Australasia (9.3%), Canada (8.7%), and Mexico (0.3%).
Genuine Parts Company
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genuine parts announces dividend increase and reports strong quarterly earnings
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