Q3 2017 EPS Estimates for Amazon.com, Inc. (AMZN) Cut by Analyst
Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at Jefferies Group cut their Q3 2017 EPS estimates for Amazon.com in a note issued to investors on Tuesday. Jefferies Group analyst B. Fitzgerald now forecasts that the e-commerce giant will post earnings per share of ($0.15) for the quarter, down from their previous forecast of $0.23. Jefferies Group currently has a “Buy” rating and a $1,250.00 price target on the stock. Jefferies Group also issued estimates for Amazon.com’s Q4 2017 earnings at $0.76 EPS, FY2017 earnings at $2.48 EPS and FY2018 earnings at $7.38 EPS.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 EPS.
Other research analysts have also issued research reports about the company. UBS AG reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a research report on Wednesday, June 21st. TheStreet lowered Amazon.com from a “b-” rating to a “c+” rating in a research report on Monday, July 10th. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Friday. Finally, KeyCorp reaffirmed a “hold” rating on shares of Amazon.com in a research report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,088.16.
Shares of Amazon.com (NASDAQ AMZN) opened at 978.25 on Friday. The company has a market cap of $469.93 billion, a PE ratio of 248.79 and a beta of 1.48. The firm’s 50-day moving average price is $989.56 and its 200-day moving average price is $940.87. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $981.74, for a total value of $697,035.40. Following the completion of the sale, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total value of $2,674,560.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The disclosure for this sale can be found here. Insiders sold 14,463 shares of company stock valued at $14,294,906 over the last three months. Company insiders own 17.70% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Vestor Capital LLC increased its stake in 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 in the last quarter. WealthTrust Arizona LLC increased its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. OLD Second National Bank of Aurora increased its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com during the second quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc purchased a new stake in Amazon.com during the second quarter worth about $121,000. 60.79% of the stock is owned by institutional investors and hedge funds.
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.
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