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Stock Market & Financial Investment News

News Breaks
July 21, 2014
11:34 EDTGPCGenuine Parts raises FY14 EPS view to $4.54-$4.60 from $4.49-$4.59
Consensus is $4.60. Raises total 2014 revenue growth view to up 7%-8% from 6%-8%, consensus $15.09B.Says "cautiously optimistic" about outlook for industrial business over 2H. Sees tougher comps in 2H. Sees margins in 30% range for the balance of 2014. Sees FY tax rate in the 36%-36.3% range. Says "comfortable" with cash position at June 30. Sees FY cash from operations $950M, free cash flow $450M. Says first priority for cash is dividend; says will use cash to repay debt, acquisitions, repurchases. Will maintain dividend payout ratio ahead. Sees FY14 CapEx $130M-$140M. Says targeting bolt-on acquisitions in the $25M-$125M range. Says will remain active in share buybacks. Comments made on the Q2 earnings conference call.
News For GPC From The Last 14 Days
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November 24, 2014
16:59 EDTGPCCousins Properties to develop headquarters for Genuine Parts in Atlanta
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November 14, 2014
10:00 EDTGPCOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AbbVie (ABBV) initiated with a Buy at Deutsche Bank... Advance Auto Parts (AAP) initiated with a Buy at Sterne Agee... AutoZone (AZO) initiated with an Underperform at Sterne Agee... Carter's (CRI) initiated with a Buy at Sterne Agee... Children's Place (PLCE) initiated with a Neutral at Sterne Agee... Container Store (TCS) initiated with a Fair Value at CRT Capital... DHT Holdings (DHT) initiated with a Buy at UBS... Diana Shipping (DSX) initiated with a Neutral at UBS... Genuine Parts (GPC) initiated with a Neutral at Sterne Agee... National Oilwell (NOV) initiated with a Neutral at UBS... Navios Acquisition (NNA) initiated with a Buy at UBS... NeoStem (NBS) assumed with a Buy at Maxim... O'Reilly Automotive (ORLY) initiated with a Neutral at Sterne Agee... Scorpio Bulkers (SALT) initiated with a Neutral at UBS... Star Bulk Carriers (SBLK) initiated with a Neutral at UBS... Teekay Tankers (TNK) initiated with a Buy at UBS... The Buckle (BKE) initiated with an Underweight at BB&T... TriMas (TRS) initiated with an Overweight at JPMorgan... TriplePoint Venture (TPVG) initiated with a Buy at UBS... Tsakos Energy (TNP) initiated with a Buy at UBS... USD Partners (USDP) initiated with an Outperform at Credit Suisse... Zumiez (ZUMZ) initiated with a Buy at BB&T.
November 13, 2014
16:38 EDTGPCGenuine Parts initiated with a Neutral at Sterne Agee
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