Zacks Research Analysts Lower Earnings Estimates for Advance Auto Parts, Inc. (NYSE:AAP)

Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Zacks Research reduced their Q1 2025 earnings per share estimates for Advance Auto Parts in a report released on Thursday, September 5th. Zacks Research analyst L. Shahu now anticipates that the company will earn $0.83 per share for the quarter, down from their prior estimate of $1.01. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.17 per share.

Advance Auto Parts (NYSE:AAP) last announced its earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.22). Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis.

Several other equities analysts have also recently commented on AAP. JPMorgan Chase & Co. reduced their price target on shares of Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. UBS Group boosted their target price on shares of Advance Auto Parts from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Wedbush reissued a “neutral” rating and issued a $55.00 target price (down previously from $65.00) on shares of Advance Auto Parts in a report on Friday, August 23rd. StockNews.com upgraded Advance Auto Parts from a “sell” rating to a “hold” rating in a research report on Thursday, May 30th. Finally, TD Cowen reduced their price objective on Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, August 23rd. One research analyst has rated the stock with a sell rating and fourteen have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.62.

Advance Auto Parts Trading Down 4.6 %

NYSE AAP opened at $40.46 on Friday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.23 and a quick ratio of 0.30. Advance Auto Parts has a 12 month low of $40.31 and a 12 month high of $88.56. The company’s fifty day moving average price is $57.50 and its two-hundred day moving average price is $67.36.

Institutional Trading of Advance Auto Parts

A number of large investors have recently added to or reduced their stakes in AAP. Hexagon Capital Partners LLC increased its holdings in shares of Advance Auto Parts by 267.7% in the 1st quarter. Hexagon Capital Partners LLC now owns 353 shares of the company’s stock valued at $30,000 after purchasing an additional 257 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Advance Auto Parts in the 1st quarter worth approximately $34,000. Principal Securities Inc. acquired a new stake in shares of Advance Auto Parts during the 4th quarter valued at $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of Advance Auto Parts during the 1st quarter valued at $43,000. Finally, Mather Group LLC. increased its stake in shares of Advance Auto Parts by 1,241.7% in the second quarter. Mather Group LLC. now owns 644 shares of the company’s stock worth $41,000 after acquiring an additional 596 shares during the last quarter. 88.75% of the stock is currently owned by institutional investors.

Advance Auto Parts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.00 annualized dividend and a dividend yield of 2.47%. Advance Auto Parts’s dividend payout ratio is currently 144.93%.

About Advance Auto Parts

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.