Genuine Parts Company (GPC) EPS Estimated At $1.28

September 17, 2017 - By Linda Rogers

 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 is negative, 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.
Bahl & Gaynor Inc invested in 187,304 shares. Lpl Fincl Lc accumulated 35,981 shares. California State Teachers Retirement Sys stated it has 0.06% of its portfolio in Genuine Parts Company (NYSE:GPC). Geode Limited has invested 0.06% in Genuine Parts Company (NYSE:GPC). Commonwealth Bank & Trust Of Australia holds 0.01% or 11,847 shares in its portfolio. Loring Wolcott & Coolidge Fiduciary Llp Ma has 1,574 shares for 0% of their portfolio. Sun Life Fin Inc has invested 0% in Genuine Parts Company (NYSE:GPC). Northwestern Mutual Wealth Mngmt invested in 3,360 shares. The Ohio-based Cincinnati Indemnity has invested 6.05% in Genuine Parts Company (NYSE:GPC). 6,475 are held by Chesley Taft & Assoc Lc. Bank Of America De reported 0.03% in Genuine Parts Company (NYSE:GPC). Earnest Ltd Liability Com holds 0% or 84 shares. Advisor Ptnrs Ltd Company holds 0.11% or 3,782 shares. Rnc Ltd Liability holds 0.06% or 7,403 shares in its portfolio. Crawford Inv Counsel has 678,346 shares for 2.35% of their portfolio.

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. Atlantic Securities initiated Genuine Parts Company (NYSE:GPC) on Wednesday, December 14 with “Neutral” rating. Goldman Sachs downgraded Genuine Parts Company (NYSE:GPC) on Wednesday, September 30 to “Sell” rating. The company was maintained on Friday, May 26 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, April 20 with “Sector Perform”. Susquehanna initiated it with “Neutral” rating and $102 target in Friday, August 26 report. The rating was initiated by Jefferies with “Buy” on Tuesday, September 15. The rating was upgraded by Gabelli on Friday, July 21 to “Buy”. The stock of Genuine Parts Company (NYSE:GPC) earned “Hold” rating by Jefferies on Friday, September 8. The firm has “Hold” rating by Gabellu & Co. given on Thursday, July 14. Gabelli upgraded the shares of GPC in report on Tuesday, October 20 to “Buy” rating.

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: “Genuine Parts Company’s (GPC) CEO Paul Donahue on Q2 2017 Results – Earnings …” on July 20, 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: A Fairly Valued Great Company” on September 13, 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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