Advance Auto Parts (NYSE:AAP) Releases FY 2021 Earnings Guidance


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Advance Auto Parts (NYSE:AAP) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.28 billion.

Several brokerages have commented on AAP. Royal Bank of Canada raised their price target on shares of Advance Auto Parts from $206.00 to $216.00 and gave the company an outperform rating in a report on Tuesday, April 27th. Morgan Stanley lifted their price objective on Advance Auto Parts from $195.00 to $215.00 and gave the company an overweight rating in a research note on Tuesday, April 27th. Stephens boosted their target price on Advance Auto Parts from $175.00 to $180.00 and gave the stock an equal weight rating in a research report on Friday, March 26th. Wedbush raised their price target on Advance Auto Parts from $210.00 to $230.00 and gave the company an outperform rating in a report on Wednesday, April 28th. Finally, The Goldman Sachs Group raised Advance Auto Parts from a sell rating to a buy rating and boosted their price objective for the stock from $180.00 to $227.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $182.35.

Shares of NYSE AAP traded up $2.15 on Tuesday, reaching $204.01. 15,458 shares of the company’s stock traded hands, compared to its average volume of 982,595. The company has a quick ratio of 0.45, a current ratio of 1.38 and a debt-to-equity ratio of 0.27. The business’s 50 day simple moving average is $188.94 and its two-hundred day simple moving average is $165.97. Advance Auto Parts has a 12 month low of $115.00 and a 12 month high of $203.63. The company has a market cap of $13.37 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Monday, February 15th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.34 billion. Advance Auto Parts had a net margin of 4.84% and a return on equity of 15.75%. During the same quarter in the prior year, the company posted $1.64 EPS. Analysts forecast that Advance Auto Parts will post 8.57 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Friday, June 18th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Thursday, June 17th. This is an increase from Advance Auto Parts’s previous quarterly dividend of $0.25. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.96%. Advance Auto Parts’s payout ratio is 12.21%.

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.

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Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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