Genuine Parts Company (NYSE:GPC – Get Free Report) declared a quarterly dividend on Monday, November 9th. Investors of record on Friday, December 4th will be given a dividend of $1.0625 per share by the specialty retailer on Tuesday, January 5th. This represents a $4.25 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, December 4th.
Genuine Parts has increased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 70 years. Genuine Parts has a dividend payout ratio of 49.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Genuine Parts to earn $8.18 per share next year, which means the company should continue to be able to cover its $4.25 annual dividend with an expected future payout ratio of 52.0%.
Genuine Parts Price Performance
Shares of Genuine Parts stock opened at $125.82 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.54 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average price is $128.65 and its two-hundred day moving average price is $119.96. Genuine Parts has a 52 week low of $90.78 and a 52 week high of $151.57. The stock has a market cap of $17.35 billion, a PE ratio of 503.28, a price-to-earnings-growth ratio of 2.77 and a beta of 0.65.
Genuine Parts (NYSE:GPC – Get Free Report) last issued its quarterly earnings results on Tuesday, October 20th. The specialty retailer reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.03. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.49 billion. Genuine Parts had a net margin of 0.12% and a return on equity of 23.00%. Genuine Parts’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 EPS. As a group, sell-side analysts anticipate that Genuine Parts will post 7.62 EPS for the current fiscal year.
About Genuine Parts
Genuine Parts Company is a distributor of automotive replacement parts and industrial products. Founded in 1928 and headquartered in Atlanta, Georgia, the company serves businesses and consumers through its distribution networks and brands.
Its automotive business distributes replacement parts, accessories and related products, including through the NAPA Auto Parts brand. Its industrial business, operating primarily as Motion, supplies products such as bearings, power-transmission components, fluid-power equipment and other maintenance and repair items to industrial customers.
Genuine Parts serves customers across North America and in international markets, including Europe and Australasia.
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