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

September 17, 2017 - By reb123z

 Analysts See $1.28 EPS for Genuine Parts Company (GPC)
Investors sentiment decreased to 0.99 in 2016 Q4. 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.
Hartford Financial Mngmt holds 0.96% of its portfolio in Genuine Parts Company (NYSE:GPC) for 17,016 shares. Marshall Wace Limited Liability Partnership holds 10,285 shares. Alyeska Inv Group Inc L P accumulated 230,817 shares. Capital One Natl Association stated it has 0.04% in Genuine Parts Company (NYSE:GPC). Moreover, First Quadrant L P Ca has 0.36% invested in Genuine Parts Company (NYSE:GPC). Oppenheimer And Co holds 0.03% of its portfolio in Genuine Parts Company (NYSE:GPC) for 11,982 shares. Tctc Liability Corporation, Texas-based fund reported 4,418 shares. Grandfield Dodd Lc has 3,362 shares for 0.04% of their portfolio. Covington Inv Advisors holds 38,785 shares. Moreover, Kbc Grp Inc Nv has 0.02% invested in Genuine Parts Company (NYSE:GPC). The Massachusetts-based Opus Mgmt Incorporated has invested 0.17% in Genuine Parts Company (NYSE:GPC). Arizona State Retirement Sys, a Arizona-based fund reported 57,387 shares. First Allied Advisory Serv reported 0.07% stake. Point72 Asia (Hong Kong) reported 0.26% of its portfolio in Genuine Parts Company (NYSE:GPC). Victory Management stated it has 0% in Genuine Parts Company (NYSE:GPC).

Wall Street await Genuine Parts Company (NYSE:GPC) to release earnings on October, 18. Analysts forecast earnings per share of $1.28, up exactly $0.04 or 3.23 % from 2014’s $1.24 EPS. The expected GPC’s profit could reach $187.90M giving the stock 16.92 P/E in the case that $1.28 earnings per share is reported. After posting $1.29 EPS for the previous quarter, Genuine Parts Company’s analysts now forecast -0.78 % negative EPS growth. 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. Wedbush maintained Genuine Parts Company (NYSE:GPC) rating on Thursday, October 20. Wedbush has “Neutral” rating and $95 target. As per Tuesday, October 20, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Gabelli given on Friday, July 21. As per Friday, September 8, the company rating was maintained by Jefferies. Jefferies maintained the shares of GPC in report on Monday, June 26 with “Hold” rating. The rating was upgraded by Goldman Sachs to “Neutral” on Thursday, January 19. Jefferies maintained the stock with “Hold” rating in Wednesday, April 19 report. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) on Friday, May 26 with “Hold” rating. Jefferies initiated Genuine Parts Company (NYSE:GPC) rating on Tuesday, September 15. Jefferies has “Buy” rating and $95 target. The firm has “Sell” rating given on Thursday, July 6 by Goldman Sachs.

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: Seekingalpha.com which released: “Stock Of The Week: Genuine Parts” on August 01, 2017, also Seekingalpha.com with their article: “Genuine Parts: A Dividend King Trading At An 18-Month Low” published on July 27, 2017, Seekingalpha.com published: “Genuine Parts In The Garden Portfolio” on June 10, 2017. More interesting news about Genuine Parts Company (NYSE:GPC) were released by: Seekingalpha.com and their article: “Genuine Parts: A Tortoise With 61 Years Of Hikes” published on July 05, 2017 as well as Seekingalpha.com‘s news article titled: “Genuine Parts Company – This Company Suits My Investor Profile” with publication date: July 24, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: