A recovering aftermarket auto-parts sector and tax-cut-fueled spending should boost Genuine Parts.
We are unlikely to make a large change to our $96 per share valuation for narrow-moat Genuine Parts after it saw strong 2017 results but offered modest 2018 guidance relative to our targets. The firm reported $16.3 billion in sales and an 8% adjusted operating margin, besting our $16.1 billion and 7% respective 2017 forecasts, but management expects 12%-13% sales growth and adjusted diluted EPS of $5.60-$5.75, lagging our 14% and $5.95 marks.Management cited pressure in its business products s...
Genuine Parts is engaged in the distribution of automotive replacement parts, industrial parts, and business products. The company's reportable business segments are: Automotive, which distributes automotive parts and accessory items and provides inventory, cataloging, marketing, training and other programs to the automotive aftermarket; Industrial, which distributes industrial replacement parts and related supplies such as bearings, mechanical and electrical power transmission products, industrial automation, and hose, among others; and Business Products, which is engaged in the wholesale distribution of a line of office and other business-related products through a customer base of resellers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.