Zacks Research Has Negative Estimate for AAP Q2 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – Zacks Research cut their Q2 2027 earnings per share (EPS) estimates for shares of Advance Auto Parts in a research note issued to investors on Thursday, September 3rd. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.96 for the quarter, down from their previous estimate of $1.19. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.98 per share. Zacks Research also issued estimates for Advance Auto Parts’ Q3 2027 earnings at $0.96 EPS, Q4 2027 earnings at $0.79 EPS, FY2027 earnings at $3.51 EPS, Q1 2028 earnings at $1.12 EPS, Q2 2028 earnings at $0.91 EPS and FY2028 earnings at $4.13 EPS.

Advance Auto Parts (NYSE:AAP) last released its quarterly earnings data on Thursday, August 20th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.97% and a return on equity of 9.84%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm earned $0.69 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS.

Other equities analysts also recently issued reports about the stock. TD Cowen cut their price target on shares of Advance Auto Parts from $61.00 to $45.00 and set a “hold” rating for the company in a report on Thursday, August 20th. Wells Fargo & Company lowered their target price on Advance Auto Parts from $60.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Evercore set a $65.00 price target on shares of Advance Auto Parts in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of Advance Auto Parts from $65.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, August 21st. Finally, Barclays lowered their price objective on shares of Advance Auto Parts from $59.00 to $50.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Two analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advance Auto Parts presently has a consensus rating of “Hold” and a consensus target price of $50.19.

Advance Auto Parts Price Performance

Advance Auto Parts stock opened at $44.17 on Monday. The company has a market capitalization of $2.67 billion, a PE ratio of 32.24, a price-to-earnings-growth ratio of 0.71 and a beta of 1.01. The business has a 50 day simple moving average of $53.08 and a 200 day simple moving average of $54.40. Advance Auto Parts has a one year low of $37.89 and a one year high of $65.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.75 and a quick ratio of 0.85.

Institutional Investors Weigh In On Advance Auto Parts

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Advance Auto Parts by 107.2% during the first quarter. Royal Bank of Canada now owns 79,558 shares of the company’s stock worth $3,119,000 after purchasing an additional 41,157 shares during the period. Goldman Sachs Group Inc. boosted its stake in Advance Auto Parts by 327.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 362,918 shares of the company’s stock worth $14,230,000 after acquiring an additional 278,066 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Advance Auto Parts by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,979 shares of the company’s stock valued at $7,096,000 after purchasing an additional 23,018 shares during the period. Hsbc Holdings PLC grew its holdings in Advance Auto Parts by 3.1% during the second quarter. Hsbc Holdings PLC now owns 6,306 shares of the company’s stock valued at $293,000 after purchasing an additional 191 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Advance Auto Parts by 2.7% in the second quarter. Baird Financial Group Inc. now owns 56,782 shares of the company’s stock valued at $2,640,000 after purchasing an additional 1,515 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Friday, October 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, October 9th. Advance Auto Parts’s payout ratio is currently 72.99%.

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.