Advance Auto Parts Inc (NYSE:AAP) – Equities researchers at Gabelli increased their FY2017 EPS estimates for Advance Auto Parts in a report issued on Wednesday. Gabelli analyst C. Jolly now expects that the company will post earnings of $5.20 per share for the year, up from their prior estimate of $4.85. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Advance Auto Parts’ FY2018 earnings at $5.70 EPS, FY2019 earnings at $6.50 EPS, FY2020 earnings at $7.75 EPS and FY2021 earnings at $8.95 EPS.
Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the company earned $1.73 earnings per share. Advance Auto Parts’s quarterly revenue was down 3.0% compared to the same quarter last year.
Shares of Advance Auto Parts (AAP) opened at $89.27 on Friday. Advance Auto Parts has a fifty-two week low of $78.81 and a fifty-two week high of $177.83. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.52 and a quick ratio of 0.29. The company has a market capitalization of $6,596.87, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.61 and a beta of 0.90.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Advance Auto Parts by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock worth $812,186,000 after acquiring an additional 185,970 shares in the last quarter. BlackRock Inc. lifted its position in Advance Auto Parts by 25.6% during the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after acquiring an additional 1,105,519 shares in the last quarter. Artisan Partners Limited Partnership lifted its position in Advance Auto Parts by 172.5% during the 3rd quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock worth $289,894,000 after acquiring an additional 1,849,808 shares in the last quarter. American Century Companies Inc. lifted its position in Advance Auto Parts by 20.5% during the 3rd quarter. American Century Companies Inc. now owns 2,535,220 shares of the company’s stock worth $251,494,000 after acquiring an additional 430,733 shares in the last quarter. Finally, Scharf Investments LLC lifted its position in Advance Auto Parts by 9.7% during the 3rd quarter. Scharf Investments LLC now owns 1,692,559 shares of the company’s stock worth $167,901,000 after acquiring an additional 149,741 shares in the last quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Thursday, December 21st. Advance Auto Parts’s dividend payout ratio is currently 5.03%.
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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