Analysts predict that Advance Auto Parts, Inc. (NYSE:AAP) will post sales of $2.91 billion for the current quarter, according to Zacks. Nine analysts have issued estimates for Advance Auto Parts’ earnings. The highest sales estimate is $2.97 billion and the lowest is $2.87 billion. Advance Auto Parts posted sales of $2.89 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 0.7%. The firm is expected to report its next earnings report on Wednesday, May 23rd.
On average, analysts expect that Advance Auto Parts will report full-year sales of $2.91 billion for the current fiscal year, with estimates ranging from $9.31 billion to $9.53 billion. For the next year, analysts anticipate that the company will post sales of $9.56 billion per share, with estimates ranging from $9.42 billion to $9.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Advance Auto Parts.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.12. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.00 EPS.
Advance Auto Parts (NYSE AAP) traded down $0.45 during mid-day trading on Wednesday, reaching $118.41. The company’s stock had a trading volume of 803,116 shares, compared to its average volume of 1,520,000. The company has a quick ratio of 0.36, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The company has a market cap of $8,760.00, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $155.81.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.20%. The ex-dividend date is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is currently 5.36%.
In other news, EVP Tammy M. Finley sold 342 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $116.35, for a total transaction of $39,791.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John C. Brouillard sold 1,745 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $116.08, for a total value of $202,559.60. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AAP. Nationwide Fund Advisors boosted its stake in Advance Auto Parts by 15.4% in the third quarter. Nationwide Fund Advisors now owns 198,949 shares of the company’s stock valued at $19,736,000 after buying an additional 26,620 shares in the last quarter. First Trust Advisors LP boosted its stake in Advance Auto Parts by 239.6% in the third quarter. First Trust Advisors LP now owns 75,675 shares of the company’s stock valued at $7,507,000 after buying an additional 53,390 shares in the last quarter. Aperio Group LLC boosted its stake in Advance Auto Parts by 33.3% in the third quarter. Aperio Group LLC now owns 29,157 shares of the company’s stock valued at $2,892,000 after buying an additional 7,286 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in Advance Auto Parts by 2.7% in the third quarter. Pictet Asset Management Ltd. now owns 42,544 shares of the company’s stock valued at $4,220,000 after buying an additional 1,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new stake in Advance Auto Parts in the third quarter valued at about $1,093,000.
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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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