Genuine Parts Company Stock News

With the market just demonstrating the possibility of a downcycle in the future, investors may want to target dividend stocks. Fundamentally, the case for passive income is rather obvious.

Per the latest Earnings Trend report, third-quarter earnings of the auto sector are expected to decline 12.2% year over year. Amid the glum outlook, one can still expect an earnings beat from PCAR, AL

Genuine Parts (GPC) was the worst-performing stock in the S&P 500 on Thursday as shares fell over 12% after the automobile and industrial replacement parts dealer missed revenue estimates as its U.S.

Genuine Parts Company (GPC) Q3 2023 Earnings Call Transcript

Third-quarter sales of $5.82 billion at the distributor of automotive and industrial replacements parts miss Wall Street forecasts.

Genuine Parts (GPC) came out with quarterly earnings of $2.49 per share, beating the Zacks Consensus Estimate of $2.40 per share. This compares to earnings of $2.23 per share a year ago.

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As uncertainty seems to dominate, it might be time to look for stocks to own during a downturn. For 10 straight months, investors enjoyed a strong comeback rally in the S&P 500.

"Dividend Aristocrats in the S&P 500 Index

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Genuine Parts (GPC) have what it takes?

GPC operates in two key segments, the Automotive Parts Group (APG) and the Industrial Parts Group (IPG), with APG contributing around 60% of EBIT and IPG around 40%. While the US APG segment saw a 1%

Hormel sells in over 80 countries and has increased its dividend for 57 straight years. Genuine Parts recently reported record revenue and upped its full-year guidance.

The stock market is in the midst of a pretty remarkable run. After collapsing almost 20% last year, the S&P 500 is up 26% from its lows.

Genuine Parts' auto parts business tends to do well in tough times. Even if people cut back on what they spend on eating, J.M.

Increasing average age of vehicles, tech advancement and widespread digitization are driving the auto replacement industry. Stocks like GPC and LKQ are poised to benefit.