$1.28 EPS Expected for Genuine Parts Company (GPC)

September 17, 2017 - By Migdalia James

 $1.28 EPS Expected for Genuine Parts Company (GPC)
Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.21, from 1.2 in 2016Q3. It turned 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.
Adirondack Tru reported 175 shares or 0.01% of all its holdings. Cambridge Invest Research Incorporated has invested 0.03% in Genuine Parts Company (NYSE:GPC). The Wisconsin-based Mason Street Ltd Com has invested 0.05% in Genuine Parts Company (NYSE:GPC). Aviva Public Limited Company reported 98,475 shares. Envestnet Asset Mngmt holds 0.01% or 38,970 shares. Janney Montgomery Scott Limited Liability reported 0.15% stake. Zwj Investment Counsel Inc owns 12,513 shares. Riverhead Cap Management Lc holds 0.28% or 48,222 shares in its portfolio. First Manhattan accumulated 0% or 1,903 shares. 4,050 were reported by Daiwa Securities Inc. Alley Ltd Liability Co reported 1.82% of its portfolio in Genuine Parts Company (NYSE:GPC). Wright owns 4,415 shares. Proshare Advisors Limited Liability Co stated it has 0.63% in Genuine Parts Company (NYSE:GPC). Keybank Association Oh, a Ohio-based fund reported 107,389 shares. Crawford Invest Counsel owns 678,346 shares.

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 downgraded by Goldman Sachs on Thursday, July 6 to “Sell”. Jefferies downgraded Genuine Parts Company (NYSE:GPC) on Friday, July 15 to “Hold” rating. RBC Capital Markets maintained Genuine Parts Company (NYSE:GPC) rating on Tuesday, October 20. RBC Capital Markets has “Sector Perform” rating and $92.0 target. The stock of Genuine Parts Company (NYSE:GPC) has “Hold” rating given on Thursday, October 15 by BB&T Capital. The firm earned “Neutral” rating on Wednesday, December 14 by Atlantic Securities. Gabellu & Co. downgraded Genuine Parts Company (NYSE:GPC) on Thursday, July 14 to “Hold” rating. As per Thursday, October 20, the company rating was maintained by Wedbush. The company was initiated on Tuesday, September 15 by Jefferies. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, July 21 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, April 20.

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 Fool.com with their article: “Dividend stats on Genuine Parts” published on August 09, 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: Seekingalpha.com and their article: “Genuine Parts In The Garden Portfolio” published on June 10, 2017 as well as Seekingalpha.com‘s news article titled: “Genuine Parts Company’s (GPC) CEO Paul Donahue on Q2 2017 Results – Earnings …” with publication date: July 20, 2017.

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