Equities analysts expect Advance Auto Parts Inc (NYSE:AAP) to post $1.24 earnings per share for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Advance Auto Parts’ earnings. The highest EPS estimate is $1.51 and the lowest is $1.14. Advance Auto Parts posted earnings per share of $1.73 during the same quarter last year, which indicates a negative year over year growth rate of 28.3%. The firm is expected to announce its next quarterly earnings report on Monday, November 13th.
According to Zacks, analysts expect that Advance Auto Parts will report full year earnings of $5.16 per share for the current year, with EPS estimates ranging from $4.75 to $5.80. For the next fiscal year, analysts anticipate that the business will report earnings of $6.21 per share, with EPS estimates ranging from $5.20 to $7.41. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Advance Auto Parts.
Advance Auto Parts (NYSE:AAP) last announced its earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company earned $1.90 earnings per share. The business’s revenue was up .3% on a year-over-year basis.
Several equities research analysts recently weighed in on AAP shares. Gabelli restated a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $130.00 price target on shares of Advance Auto Parts in a report on Tuesday, September 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. BidaskClub cut Advance Auto Parts from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and set a $118.00 price objective (down previously from $155.00) on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $123.08.
A number of large investors have recently made changes to their positions in AAP. Sentry Investment Management LLC increased its holdings in Advance Auto Parts by 40.3% in the second quarter. Sentry Investment Management LLC now owns 5,473 shares of the company’s stock valued at $638,000 after buying an additional 1,572 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Advance Auto Parts by 25.3% during the 2nd quarter. Toronto Dominion Bank now owns 25,279 shares of the company’s stock worth $2,947,000 after purchasing an additional 5,109 shares in the last quarter. Rikoon Group LLC increased its stake in shares of Advance Auto Parts by 6.0% during the 2nd quarter. Rikoon Group LLC now owns 6,698 shares of the company’s stock worth $781,000 after purchasing an additional 381 shares in the last quarter. Verition Fund Management LLC increased its stake in shares of Advance Auto Parts by 2.9% during the 2nd quarter. Verition Fund Management LLC now owns 6,574 shares of the company’s stock worth $766,000 after purchasing an additional 184 shares in the last quarter. Finally, Intellectus Partners LLC increased its stake in shares of Advance Auto Parts by 39.7% during the 2nd quarter. Intellectus Partners LLC now owns 4,260 shares of the company’s stock worth $497,000 after purchasing an additional 1,210 shares in the last quarter.
Advance Auto Parts (AAP) traded down 0.44% during trading on Tuesday, hitting $99.06. The company’s stock had a trading volume of 61,676 shares. The firm has a 50 day moving average of $99.61 and a 200 day moving average of $125.12. Advance Auto Parts has a 12 month low of $82.21 and a 12 month high of $177.83. The firm has a market cap of $7.28 billion, a P/E ratio of 15.98 and a beta of 0.90.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, September 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio (DPR) is 4.80%.
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Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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