Genuine Parts (GPC) Earning Somewhat Positive Media Coverage, Analysis Finds

News stories about Genuine Parts (NYSE:GPC) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Genuine Parts earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 45.8698520351651 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Several research analysts recently weighed in on the company. Royal Bank of Canada increased their price objective on Genuine Parts from $85.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Genuine Parts from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Jefferies Group restated a “hold” rating and set a $95.00 price target on shares of Genuine Parts in a research report on Thursday, October 12th. Moffett Nathanson began coverage on Genuine Parts in a research report on Monday, December 4th. They set a “sell” rating for the company. Finally, Gabelli restated a “buy” rating on shares of Genuine Parts in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Genuine Parts presently has a consensus rating of “Hold” and an average price target of $95.00.

Genuine Parts (NYSE GPC) traded up $2.50 on Thursday, hitting $101.90. The stock had a trading volume of 876,650 shares, compared to its average volume of 820,749. Genuine Parts has a 1-year low of $79.86 and a 1-year high of $101.97. The stock has a market capitalization of $14,940.00, a price-to-earnings ratio of 22.85, a P/E/G ratio of 3.12 and a beta of 1.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.62 and a current ratio of 1.32.

Genuine Parts (NYSE:GPC) last released its quarterly earnings results on Thursday, October 19th. The specialty retailer reported $1.16 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.12). Genuine Parts had a return on equity of 20.49% and a net margin of 4.16%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $4.10 billion. During the same quarter in the prior year, the business earned $1.24 earnings per share. The company’s quarterly revenue was down 72.2% on a year-over-year basis. research analysts expect that Genuine Parts will post 4.6 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th were given a dividend of $0.675 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $2.70 annualized dividend and a dividend yield of 2.65%. Genuine Parts’s dividend payout ratio is currently 60.54%.

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Genuine Parts Company Profile

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’s segments include Automotive, Industrial, Office Products Group, Electrical/Electronic Materials and Other.

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