Equities research analysts forecast that Advance Auto Parts, Inc. (NYSE:AAP) will post sales of $2.52 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Advance Auto Parts’ earnings. The highest sales estimate is $2.62 billion and the lowest is $2.33 billion. Advance Auto Parts posted sales of $2.54 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report on Tuesday, November 9th.
According to Zacks, analysts expect that Advance Auto Parts will report full-year sales of $10.79 billion for the current financial year, with estimates ranging from $10.70 billion to $10.88 billion. For the next year, analysts forecast that the company will post sales of $10.90 billion, with estimates ranging from $10.30 billion to $11.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Advance Auto Parts.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Monday, August 23rd. The company reported $3.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.36. Advance Auto Parts had a net margin of 5.73% and a return on equity of 21.64%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the firm earned $2.92 EPS. The company’s revenue was up 5.9% on a year-over-year basis.
In other news, EVP Robert B. Cushing sold 3,500 shares of Advance Auto Parts stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $202.15, for a total transaction of $707,525.00. Following the sale, the executive vice president now owns 15,752 shares of the company’s stock, valued at approximately $3,184,266.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Advance Auto Parts during the 2nd quarter worth $34,000. WealthShield Partners LLC grew its position in Advance Auto Parts by 39.2% in the second quarter. WealthShield Partners LLC now owns 174 shares of the company’s stock worth $36,000 after acquiring an additional 49 shares in the last quarter. IFP Advisors Inc boosted its position in Advance Auto Parts by 182.8% during the second quarter. IFP Advisors Inc now owns 181 shares of the company’s stock valued at $37,000 after buying an additional 117 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Advance Auto Parts by 59.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 186 shares of the company’s stock valued at $34,000 after acquiring an additional 69 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its stake in shares of Advance Auto Parts by 42.4% during the third quarter. Berman Capital Advisors LLC now owns 198 shares of the company’s stock valued at $41,000 after acquiring an additional 59 shares during the last quarter. 95.75% of the stock is currently owned by institutional investors.
AAP stock opened at $210.32 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 0.37. The firm’s fifty day simple moving average is $207.46 and its 200-day simple moving average is $202.33. Advance Auto Parts has a 12 month low of $142.59 and a 12 month high of $220.12. The company has a market capitalization of $13.25 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.26 and a beta of 1.36.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Friday, September 17th were paid a $1.00 dividend. The ex-dividend date was Thursday, September 16th. This represents a $4.00 annualized dividend and a dividend yield of 1.90%. Advance Auto Parts’s payout ratio is 47.00%.
About Advance Auto Parts
Advance Auto Parts, Inc engages in the supply and distribution of aftermarket automotive products for both professional installers and do-it-yourself customers. It operates through the following segments: Northern Division, Southern Division, Carquest Canada, Independents and Worldpac. Advance Auto Parts offers replacement parts, performance parts, accessories, oil and fluids, engine parts, brakes, batteries, accessories, and tools and garage.
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