Genuine Parts Company (GPC) EPS Estimated At $1.28

September 17, 2017 - By Marie Mckinney

 Genuine Parts Company (GPC) EPS Estimated At $1.28
Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.21, from 1.2 in 2016Q3. It worsened, 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.
Chesley Taft & Assoc stated it has 0.06% of its portfolio in Genuine Parts Company (NYSE:GPC). Hartford Financial Management holds 17,016 shares. Livforsakringsbolaget Skandia Omsesidigt has 16,363 shares for 0.08% of their portfolio. Westpac Bk Corp reported 9,367 shares stake. Utah Retirement reported 26,667 shares or 0.06% of all its holdings. Anchor Capital Limited Liability Corporation has 1.2% invested in Genuine Parts Company (NYSE:GPC). Synovus Corp holds 0.51% or 234,003 shares. Estabrook Capital Management stated it has 800 shares. Forbes J M Llp reported 0.08% stake. Union National Bank Corporation holds 38,110 shares. Japan-based Mitsubishi Ufj & Banking has invested 0.06% in Genuine Parts Company (NYSE:GPC). Monarch Capital Inc reported 20,881 shares. 1.08 million are owned by Janus Cap Management Limited Co. Charter Tru invested 0.07% in Genuine Parts Company (NYSE:GPC). Chickasaw Ltd Liability Corp stated it has 0.01% of its portfolio in Genuine Parts Company (NYSE:GPC).

Wall Street await Genuine Parts Company (NYSE:GPC) to release earnings on October, 18. Analysts forecast EPS 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. The rating was maintained by Jefferies with “Hold” on Monday, June 26. The company was maintained on Wednesday, April 19 by Jefferies. Wedbush maintained it with “Neutral” rating and $95 target in Thursday, October 20 report. The stock of Genuine Parts Company (NYSE:GPC) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, July 21. The stock has “Neutral” rating by Susquehanna on Friday, August 26. The stock of Genuine Parts Company (NYSE:GPC) has “Hold” rating given on Thursday, July 20 by RBC Capital Markets. The firm earned “Sector Perform” rating on Tuesday, October 20 by RBC Capital Markets. The firm has “Sell” rating given on Wednesday, September 30 by Goldman Sachs. The stock of Genuine Parts Company (NYSE:GPC) has “Neutral” rating given on Wednesday, December 14 by Atlantic Securities. Gabelli upgraded it to “Buy” rating and $10100 target in Friday, July 21 report.

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: Fool.com which released: “Dividend stats on Genuine Parts” on August 09, 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 Company’s (GPC) CEO Paul Donahue on Q2 2017 Results – Earnings …” published on July 20, 2017 as well as Nasdaq.com‘s news article titled: “Genuine Parts Company (GPC) Ex-Dividend Date Scheduled for September 07, 2017” with publication date: September 06, 2017.

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