Amazon.com (AMZN) Set to Announce Quarterly Earnings on Thursday

Amazon.com (NASDAQ:AMZN – Get Rating) will announce its earnings results after the market closes on Thursday, July 28th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Amazon.com (NASDAQ:AMZN – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The company had revenue of $116.44 billion for the quarter, compared to analyst estimates of $116.52 billion. Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. On average, analysts expect Amazon.com to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Amazon.com Stock Up 3.9 %

Shares of AMZN opened at $122.77 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.25 trillion, a PE ratio of 59.27, a price-to-earnings-growth ratio of 3.70 and a beta of 1.25. The company’s fifty day moving average is $112.27 and its two-hundred day moving average is $137.34. Amazon.com has a fifty-two week low of $101.26 and a fifty-two week high of $188.11.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 1,181 shares of the stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the transaction, the chief executive officer now owns 92,781 shares in the company, valued at approximately $209,870,622. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 1,181 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total transaction of $2,671,422.00. Following the sale, the chief executive officer now owns 92,781 shares of the company’s stock, valued at $209,870,622. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David H. Clark sold 2,270 shares of the stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares of the company’s stock, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 4,803 shares of company stock valued at $10,528,337 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently bought and sold shares of the business. Meridian Investment Counsel Inc. lifted its position in shares of Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock valued at $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. raised its position in shares of Amazon.com by 1.8% during the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares during the period. Fiduciary Planning LLC lifted its holdings in shares of Amazon.com by 1.5% during the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after purchasing an additional 5 shares during the last quarter. HBC Financial Services PLLC boosted its position in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock valued at $1,717,000 after purchasing an additional 5 shares during the period. Finally, Archetype Wealth Partners raised its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after buying an additional 6 shares during the period. 72.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on AMZN. UBS Group dropped their price target on Amazon.com from $209.00 to $167.00 and set a “buy” rating for the company in a research note on Tuesday, June 28th. Jefferies Financial Group cut their target price on shares of Amazon.com from $163.00 to $150.00 in a research note on Wednesday. Barclays reduced their target price on shares of Amazon.com to $195.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. DA Davidson lowered their price target on Amazon.com from $195.00 to $156.25 in a report on Friday, April 29th. Finally, Stifel Nicolaus reduced their price objective on Amazon.com from $190.00 to $185.00 in a research note on Friday, July 15th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $182.77.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.