Advance Auto Parts (AAP) to Release Earnings on Monday

Advance Auto Parts (NYSE:AAP – Get Rating) is scheduled to release its earnings data after the market closes on Monday, May 23rd. Analysts expect Advance Auto Parts to post earnings of $3.50 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Advance Auto Parts (NYSE:AAP – Get Rating) last released its quarterly earnings data on Monday, February 14th. The company reported $2.07 EPS for the quarter, beating the consensus estimate of $1.97 by $0.10. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.37 billion. Advance Auto Parts had a net margin of 5.60% and a return on equity of 23.63%. Advance Auto Parts’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.87 earnings per share. On average, analysts expect Advance Auto Parts to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Advance Auto Parts stock opened at $211.21 on Monday. The firm has a 50-day moving average price of $211.42 and a 200-day moving average price of $222.66. The firm has a market capitalization of $12.90 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.33. Advance Auto Parts has a 12-month low of $187.16 and a 12-month high of $244.55.

Hedge funds have recently modified their holdings of the business. Cetera Investment Advisers bought a new stake in shares of Advance Auto Parts during the fourth quarter valued at approximately $244,000. MML Investors Services LLC increased its holdings in shares of Advance Auto Parts by 14.1% in the fourth quarter. MML Investors Services LLC now owns 6,558 shares of the company’s stock valued at $1,573,000 after buying an additional 810 shares in the last quarter. Synovus Financial Corp bought a new position in shares of Advance Auto Parts in the fourth quarter valued at $488,000. Advisors Asset Management Inc. increased its holdings in shares of Advance Auto Parts by 28.8% in the fourth quarter. Advisors Asset Management Inc. now owns 12,045 shares of the company’s stock valued at $2,889,000 after buying an additional 2,694 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Advance Auto Parts by 11.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,137 shares of the company’s stock valued at $1,712,000 after buying an additional 743 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

A number of research analysts have commented on AAP shares. StockNews.com downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Advance Auto Parts from $276.00 to $280.00 in a research note on Friday, February 11th. Citigroup decreased their price objective on shares of Advance Auto Parts from $294.00 to $250.00 in a research note on Friday. Royal Bank of Canada started coverage on shares of Advance Auto Parts in a research note on Thursday, January 27th. They issued a “sector perform” rating and a $239.00 target price for the company. Finally, Morgan Stanley increased their target price on shares of Advance Auto Parts from $235.00 to $240.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 16th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Buy” and a consensus price target of $255.75.

Advance Auto Parts Company Profile (Get Rating)

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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