Advance Auto Parts, Inc. (AAP) To Go Ex-Dividend on December 21st
Advance Auto Parts, Inc. (NYSE:AAP) announced a quarterly dividend on Tuesday, November 14th, RTT News reports. Investors of record on Friday, December 22nd will be given a dividend of 0.06 per share on Friday, January 5th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend is Thursday, December 21st.
Advance Auto Parts has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advance Auto Parts to earn $5.94 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 4.0%.
Shares of Advance Auto Parts (AAP) opened at $99.73 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. Advance Auto Parts has a 1-year low of $78.81 and a 1-year high of $177.50. The stock has a market cap of $7,590.07, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.00.
Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same quarter in the previous year, the firm posted $1.73 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. equities research analysts forecast that Advance Auto Parts will post 5.22 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $120.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Tuesday, December 12th. Moffett Nathanson assumed coverage on shares of Advance Auto Parts in a report on Monday, December 4th. They set a “neutral” rating on the stock. Raymond James Financial reissued a “market perform” rating on shares of Advance Auto Parts in a report on Wednesday, October 4th. Citigroup cut shares of Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, October 4th. Finally, Bank of America reissued an “underperform” rating and set a $87.50 target price on shares of Advance Auto Parts in a report on Tuesday, September 5th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $106.32.
About Advance Auto Parts
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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