Advance Auto Parts, Inc. (AAP) Expected to Announce Earnings of $1.98 Per Share
Equities research analysts expect Advance Auto Parts, Inc. (NYSE:AAP) to report earnings of $1.98 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Advance Auto Parts’ earnings, with estimates ranging from $1.91 to $2.06. Advance Auto Parts posted earnings of $1.60 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.8%. The firm is expected to report its next earnings report on Wednesday, May 23rd.
On average, analysts expect that Advance Auto Parts will report full year earnings of $6.74 per share for the current year, with EPS estimates ranging from $6.50 to $7.08. For the next year, analysts expect that the company will post earnings of $7.65 per share, with EPS estimates ranging from $6.90 to $9.20. Zacks Investment Research’s earnings per share 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 posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.12. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Advance Auto Parts had a net margin of 5.07% and a return on equity of 12.45%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS.
Advance Auto Parts (AAP) traded up $0.29 on Monday, reaching $116.36. 1,087,968 shares of the company’s stock were exchanged, compared to its average volume of 1,554,553. The company has a quick ratio of 0.36, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8,620.00, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.12. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $156.10.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.21%. The ex-dividend date of this dividend is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is presently 5.36%.
In other Advance Auto Parts news, Director John C. Brouillard sold 1,745 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $116.08, for a total transaction of $202,559.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.10% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Balentine LLC purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $100,000. Assetmark Inc. lifted its holdings in Advance Auto Parts by 71.6% during the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock valued at $148,000 after purchasing an additional 621 shares during the last quarter. Advisor Partners LLC purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $208,000. FDx Advisors Inc. purchased a new stake in Advance Auto Parts during the third quarter valued at about $201,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Advance Auto Parts during the fourth quarter valued at about $207,000.
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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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