Amazon.com, Inc. (AMZN) to Release Earnings on Wednesday
Amazon.com, Inc. (NASDAQ:AMZN) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect Amazon.com to post earnings of $1.09 per share for the quarter.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($1.00). Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the business posted $1.78 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, analysts expect Amazon.com to post $3.64 EPS for the current fiscal year and $7.70 EPS for the next fiscal year.
Amazon.com, Inc. (AMZN) opened at 1009.13 on Wednesday. The company has a market cap of $484.76 billion, a price-to-earnings ratio of 256.65 and a beta of 1.47. Amazon.com, Inc. has a 52 week low of $710.10 and a 52 week high of $1,083.31. The stock has a 50 day moving average price of $972.28 and a 200 day moving average price of $968.09.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,552,000. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,083 shares of company stock valued at $8,874,850. Corporate insiders own 17.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Vestor Capital LLC raised its holdings in shares of Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the last quarter. Shapiro Capital Management LLC purchased a new position in shares of Amazon.com in the second quarter worth $208,000. Global Financial Private Capital LLC purchased a new position in shares of Amazon.com in the second quarter worth $221,000. Regis Management CO LLC raised its holdings in shares of Amazon.com by 0.9% during the second quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock worth $224,000 after purchasing an additional 2 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC raised its holdings in shares of Amazon.com by 4.4% during the second quarter. Gyroscope Capital Management Group LLC now owns 238 shares of the e-commerce giant’s stock worth $230,000 after purchasing an additional 10 shares during the last quarter. 60.73% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on the company. UBS AG reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Wednesday, June 21st. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. Credit Suisse Group reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Amazon.com in a research report on Friday, June 23rd. Barclays PLC reiterated an “overweight” rating and issued a $1,120.00 price objective on shares of Amazon.com in a research report on Monday, June 26th. Finally, Vetr upgraded Amazon.com from a “buy” rating to a “strong-buy” rating and set a $1,095.08 price objective on the stock in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,121.04.
COPYRIGHT VIOLATION WARNING: This story was first reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/amazon-com-inc-amzn-to-release-earnings-on-wednesday/1637562.html.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.