For its second fiscal quarter (ending June 30), Genuine Parts Co (NYSE: GPC) has reported a -13% decline in E.P.S. from $2.45 a year ago to $2.12 in the current quarter. This result fell short of the consensus estimate of $2.60 by $-0.48. E.P.S. were $8.68 for the latest four quarters through June 30 versus $8.61 for the same period a year ago — an increase of 1%.
Recent Price Action
On 7/23/24, Genuine Parts Co (NYSE: GPC) stock declined slightly by -0.8%, closing at $137.21. Moreover, exceptionally high trading volume at 212% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GPC is expected to continue to be a major Value Builder.
Genuine Parts has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Genuine Parts has a neutral Appreciation Score of 44 and a neutral Power Rating of 55, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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