Jefferies Raises Price Target on Genuine Parts (GPC) as NAPA Appears Poised for Growth
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February 16, 2016 8:35 AM EST
ATLANTA, Feb. 16, 2016 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today fourth quarter and full year results as well as record earnings per share and cash flows for the year ended December 31, 2015.
Sales in the fourth quarter ended December 31, 2015 were $3.68 billion, and this compares to sales of $3.82 billion for the same period in 2014. Net income in the fourth quarter was $161.3 million compared to $165.6 million recorded for the same period in the previous year. Earnings per share on a diluted basis... More
February 16, 2016 7:00 AM EST
ATLANTA, Feb. 16, 2016 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today a 7% increase in the regular quarterly cash dividend for 2016. The Board of Directors of the Company, at its February 15, 2016 Board meeting, increased the cash dividend payable to an annual rate of $2.63 per share compared with the previous dividend of $2.46 per share. The quarterly cash dividend of sixty-five and three-quarter cents ($.6575) per share is payable April 1, 2016 to shareholders of record March 4, 2016. GPC has paid a cash dividend every year since going public in 1948, and 2016 marks the 60th consecutive year of increased dividends... More
