Equities research analysts expect Advance Auto Parts, Inc. (NYSE:AAP) to announce $2.12 billion in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Advance Auto Parts’ earnings. The lowest sales estimate is $2.11 billion and the highest is $2.14 billion. Advance Auto Parts reported sales of $2.11 billion in the same quarter last year, which would suggest a positive year over year growth rate of 0.5%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 18th.
According to Zacks, analysts expect that Advance Auto Parts will report full year sales of $9.72 billion for the current fiscal year, with estimates ranging from $9.70 billion to $9.74 billion. For the next financial year, analysts anticipate that the business will post sales of $9.94 billion, with estimates ranging from $9.70 billion to $10.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Advance Auto Parts.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $2.10 EPS for the quarter, beating the consensus estimate of $2.05 by $0.05. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Advance Auto Parts had a return on equity of 15.61% and a net margin of 4.58%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS.
AAP has been the subject of several recent research reports. Raymond James initiated coverage on Advance Auto Parts in a report on Monday, October 7th. They issued a “market perform” rating for the company. Wedbush cut their price target on Advance Auto Parts to in a report on Monday, January 13th. Atlantic Securities cut Advance Auto Parts from an “overweight” rating to a “neutral” rating and set a $159.00 price target for the company. in a report on Thursday. Wells Fargo & Co reaffirmed a “hold” rating and issued a $165.00 price target on shares of Advance Auto Parts in a report on Wednesday, January 8th. Finally, Nomura reaffirmed a “hold” rating and issued a $160.00 price target (down previously from $162.00) on shares of Advance Auto Parts in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Advance Auto Parts currently has a consensus rating of “Hold” and an average price target of $166.33.
Several institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System raised its holdings in shares of Advance Auto Parts by 16.9% in the 4th quarter. New York State Teachers Retirement System now owns 111,415 shares of the company’s stock worth $17,844,000 after buying an additional 16,118 shares in the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Advance Auto Parts by 4.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,570 shares of the company’s stock worth $251,000 after buying an additional 74 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Advance Auto Parts by 16.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,042 shares of the company’s stock worth $807,000 after buying an additional 717 shares in the last quarter. Intellectus Partners LLC raised its holdings in shares of Advance Auto Parts by 9.5% in the 4th quarter. Intellectus Partners LLC now owns 2,552 shares of the company’s stock worth $409,000 after buying an additional 221 shares in the last quarter. Finally, Advisor Partners LLC raised its holdings in shares of Advance Auto Parts by 5.5% in the 4th quarter. Advisor Partners LLC now owns 1,978 shares of the company’s stock worth $297,000 after buying an additional 103 shares in the last quarter.
Advance Auto Parts stock traded down $8.05 during trading hours on Friday, hitting $141.68. The stock had a trading volume of 1,277,148 shares, compared to its average volume of 1,119,284. The company has a 50-day moving average of $154.71 and a two-hundred day moving average of $154.64. The company has a quick ratio of 0.32, a current ratio of 1.31 and a debt-to-equity ratio of 0.79. The company has a market cap of $10.23 billion, a PE ratio of 22.85, a price-to-earnings-growth ratio of 1.51 and a beta of 0.84. Advance Auto Parts has a fifty-two week low of $130.09 and a fifty-two week high of $182.56.
The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.17%. Advance Auto Parts’s payout ratio is presently 3.37%.
Advance Auto Parts Company Profile
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.
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