Advance Auto Parts, Inc. (AAP) To Go Ex-Dividend on April 10th

Advance Auto Parts, Inc. (NYSE:AAP) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Friday, April 10th will be given a dividend of 0.25 per share on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, April 10th.

Advance Auto Parts has a payout ratio of 32.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Advance Auto Parts to earn $1.57 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 63.7%.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $52.66 on Wednesday. Advance Auto Parts has a twelve month low of $28.89 and a twelve month high of $70.00. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 1.55. The company has a 50-day moving average of $52.74 and a 200-day moving average of $50.59. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 72.14, a price-to-earnings-growth ratio of 0.69 and a beta of 1.04.

Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.45. Advance Auto Parts had a net margin of 0.51% and a return on equity of 6.23%. The company had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter last year, the firm posted ($10.16) EPS. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Advance Auto Parts has set its FY 2026 guidance at 2.400-3.10 EPS. Analysts forecast that Advance Auto Parts will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAP. DA Davidson set a $58.00 price objective on shares of Advance Auto Parts in a research report on Tuesday, February 17th. UBS Group reissued a “neutral” rating on shares of Advance Auto Parts in a research report on Monday, February 9th. TD Cowen restated a “hold” rating on shares of Advance Auto Parts in a report on Tuesday, February 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Advance Auto Parts in a research note on Wednesday, January 21st. Finally, BMO Capital Markets lifted their price objective on shares of Advance Auto Parts from $55.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Advance Auto Parts presently has a consensus rating of “Reduce” and an average target price of $52.93.

Advance Auto Parts Company Profile

Advance Auto Parts, Inc (NYSE: AAP) is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.

The company’s product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.