Equities research analysts expect Advance Auto Parts, Inc. (NYSE:AAP) to report $2.94 billion in sales for the current quarter, Zacks reports. Eight analysts have provided estimates for Advance Auto Parts’ earnings, with the lowest sales estimate coming in at $2.90 billion and the highest estimate coming in at $2.96 billion. Advance Auto Parts posted sales of $2.87 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 28th.
On average, analysts expect that Advance Auto Parts will report full year sales of $9.76 billion for the current year, with estimates ranging from $9.71 billion to $9.80 billion. For the next year, analysts anticipate that the business will report sales of $10.02 billion, with estimates ranging from $9.85 billion to $10.18 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Advance Auto Parts.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data on Tuesday, February 19th. The company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.03. Advance Auto Parts had a return on equity of 14.64% and a net margin of 4.42%. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company earned $0.77 earnings per share. Advance Auto Parts’s quarterly revenue was up 3.3% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the business. Community Financial Services Group LLC acquired a new stake in shares of Advance Auto Parts in the first quarter valued at about $205,000. Strs Ohio grew its position in Advance Auto Parts by 2.9% during the first quarter. Strs Ohio now owns 15,011 shares of the company’s stock worth $2,559,000 after buying an additional 426 shares in the last quarter. Selway Asset Management grew its position in Advance Auto Parts by 2.0% during the first quarter. Selway Asset Management now owns 24,150 shares of the company’s stock worth $4,118,000 after buying an additional 475 shares in the last quarter. IFM Investors Pty Ltd grew its position in Advance Auto Parts by 8.8% during the first quarter. IFM Investors Pty Ltd now owns 4,459 shares of the company’s stock worth $760,000 after buying an additional 361 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in Advance Auto Parts by 3.4% during the first quarter. Tributary Capital Management LLC now owns 15,300 shares of the company’s stock worth $2,609,000 after buying an additional 500 shares in the last quarter. 99.58% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:AAP opened at $170.08 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Advance Auto Parts has a 1 year low of $102.15 and a 1 year high of $186.15. The firm has a market cap of $12.57 billion, a P/E ratio of 23.85, a PEG ratio of 1.68 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.14%. The ex-dividend date was Thursday, March 21st. Advance Auto Parts’s payout ratio is 3.37%.
About Advance Auto Parts
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.
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