Advance Auto Parts Inc (NYSE:AAP) – Research analysts at Jefferies Group reduced their Q3 2017 earnings per share estimates for Advance Auto Parts in a report issued on Tuesday. Jefferies Group analyst B. Jordan now expects that the company will earn $1.34 per share for the quarter, down from their prior forecast of $1.97. Jefferies Group has a “Buy” rating and a $130.00 price target on the stock. Jefferies Group also issued estimates for Advance Auto Parts’ Q4 2017 earnings at $0.89 EPS, FY2017 earnings at $5.40 EPS, Q3 2018 earnings at $1.84 EPS, FY2018 earnings at $7.41 EPS and FY2019 earnings at $8.69 EPS.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by $0.07. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the business earned $1.90 earnings per share. WARNING: “Q3 2017 EPS Estimates for Advance Auto Parts Inc Lowered by Jefferies Group (AAP)” was posted by Daily Political and is the property of of Daily Political. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/18/q3-2017-eps-estimates-for-advance-auto-parts-inc-lowered-by-jefferies-group-aap.html.

A number of other analysts have also recently weighed in on AAP. UBS AG reaffirmed a “buy” rating and issued a $180.00 price target (down previously from $200.00) on shares of Advance Auto Parts in a research report on Wednesday, May 17th. Bank of America Corporation set a $77.00 price target on Advance Auto Parts and gave the stock a “sell” rating in a research report on Thursday. Barclays PLC reaffirmed an “underweight” rating and issued a $90.00 price target (down previously from $93.00) on shares of Advance Auto Parts in a research report on Wednesday. Citigroup Inc. reduced their price target on Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday. Five analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $126.68.

Advance Auto Parts (NYSE AAP) opened at 92.85 on Friday. The stock has a 50 day moving average price of $105.73 and a 200-day moving average price of $135.79. The stock has a market capitalization of $6.86 billion, a P/E ratio of 18.54 and a beta of 0.87. Advance Auto Parts has a 12-month low of $82.21 and a 12-month high of $177.83.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Shareholders of record on Friday, September 22nd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $0.24 annualized dividend and a yield of 0.26%. Advance Auto Parts’s dividend payout ratio (DPR) is 4.80%.

In other news, Director Eugene I. Lee, Jr. purchased 1,895 shares of the business’s stock in a transaction on Friday, May 26th. The stock was purchased at an average price of $132.18 per share, with a total value of $250,481.10. Following the acquisition, the director now directly owns 4,398 shares in the company, valued at approximately $581,327.64. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Adriana Karaboutis purchased 367 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $135.28 per share, with a total value of $49,647.76. Following the acquisition, the director now owns 3,043 shares in the company, valued at $411,657.04. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 369,462 shares of company stock valued at $49,617,073. Insiders own 4.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Veritable L.P. boosted its position in Advance Auto Parts by 0.3% in the second quarter. Veritable L.P. now owns 2,008 shares of the company’s stock valued at $234,000 after buying an additional 6 shares during the period. Cleararc Capital Inc. boosted its position in Advance Auto Parts by 0.4% in the first quarter. Cleararc Capital Inc. now owns 1,802 shares of the company’s stock valued at $267,000 after buying an additional 7 shares during the period. QS Investors LLC boosted its position in Advance Auto Parts by 0.9% in the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after buying an additional 9 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Advance Auto Parts by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,486 shares of the company’s stock valued at $640,000 after buying an additional 14 shares during the period. Finally, IFP Advisors Inc boosted its position in Advance Auto Parts by 3.2% in the first quarter. IFP Advisors Inc now owns 767 shares of the company’s stock valued at $114,000 after buying an additional 24 shares during the period.

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.

Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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