Q2 2018 Earnings Forecast for Amazon.com, Inc. Issued By Jefferies Group (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Jefferies Group dropped their Q2 2018 earnings estimates for shares of Amazon.com in a note issued to investors on Tuesday. Jefferies Group analyst B. Thill now anticipates that the e-commerce giant will post earnings per share of $1.42 for the quarter, down from their previous estimate of $1.48. Jefferies Group has a “Buy” rating and a $1,850.00 price objective on the stock. Jefferies Group also issued estimates for Amazon.com’s FY2019 earnings at $15.62 EPS.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 38.2% compared to the same quarter last year.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,591.00 on Wednesday. Amazon.com has a 52-week low of $833.50 and a 52-week high of $1,617.54. The stock has a market cap of $768,849.44, a price-to-earnings ratio of 348.29, a PEG ratio of 6.99 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 670 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the sale, the director now directly owns 14,159 shares in the company, valued at approximately $21,238,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,714 shares of company stock worth $8,462,195. Corporate insiders own 17.70% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the period. BlackRock Inc. increased its stake in Amazon.com by 0.4% during the 4th quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock valued at $28,693,927,000 after buying an additional 88,437 shares during the period. Capital Research Global Investors increased its stake in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares during the period. Geode Capital Management LLC increased its stake in Amazon.com by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,224,515 shares of the e-commerce giant’s stock valued at $4,930,014,000 after buying an additional 98,906 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares during the period. 60.22% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Q2 2018 Earnings Forecast for Amazon.com, Inc. Issued By Jefferies Group (AMZN)” was published by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this report can be read at https://www.dailypolitical.com/2018/03/15/q2-2018-earnings-forecast-for-amazon-com-inc-issued-by-jefferies-group-amzn.html.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.