Somewhat Positive News Coverage Somewhat Unlikely to Impact Advance Auto Parts (AAP) Share Price
Headlines about Advance Auto Parts (NYSE:AAP) have trended somewhat positive on Sunday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Advance Auto Parts earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.2415416216715 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- Auto parts stores better look in the rearview mirror–Amazon is coming for you (fastcompany.com)
- Zacks: Brokerages Anticipate Advance Auto Parts Inc (AAP) Will Announce Quarterly Sales of $2.22 Billion (americanbankingnews.com)
- Analysts on Auto Parts Retailers: O’Reilly Automotive at the Top (marketrealist.com)
- Brokerages Expect Advance Auto Parts Inc (AAP) to Post $1.24 Earnings Per Share (americanbankingnews.com)
Shares of Advance Auto Parts (NYSE:AAP) opened at 99.20 on Friday. The firm has a 50 day moving average price of $99.61 and a 200 day moving average price of $125.12. Advance Auto Parts has a 52 week low of $82.21 and a 52 week high of $177.83. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 16.00 and a beta of 0.90.
Advance Auto Parts (NYSE:AAP) last released its quarterly earnings results on Tuesday, August 15th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.07). The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $1.90 earnings per share. Equities analysts forecast that Advance Auto Parts will post $5.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Stockholders of record on Friday, September 22nd will be paid a $0.06 dividend. The ex-dividend date is Thursday, September 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio (DPR) is currently 4.80%.
Several research analysts recently issued reports on AAP shares. Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $130.00 price target on shares of Advance Auto Parts in a report on Tuesday, September 12th. Deutsche Bank AG reiterated a “buy” rating and set a $139.00 price target (down from $164.00) on shares of Advance Auto Parts in a report on Friday, July 21st. BidaskClub lowered Advance Auto Parts from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Finally, UBS AG reiterated a “buy” rating and set a $118.00 price target (down from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Advance Auto Parts presently has a consensus rating of “Hold” and an average target price of $123.08.
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About Advance Auto Parts
Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.
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