Advance Auto Parts (AAP) Scheduled to Post Quarterly Earnings on Thursday
Advance Auto Parts (NYSE:AAP) is set to announce its earnings results on Thursday, August 14th. Individual interested in listening to the company’s earnings conference call can do so using this link.
Advance Auto Parts (NYSE:AAP) last released its earnings data on Thursday, May 15th. The company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.09. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $2.96 billion. On average, analysts expect Advance Auto Parts to post $7.57 EPS for the current fiscal year and $8.48 EPS for the next fiscal year.
Shares of Advance Auto Parts (NYSE:AAP) opened at 124.71 on Wednesday. Advance Auto Parts has a 52-week low of $78.91 and a 52-week high of $136.12. The stock’s 50-day moving average is $128.5 and its 200-day moving average is $124.6. The company has a market cap of $9.087 billion and a P/E ratio of 22.06.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Advance Auto Parts in a research note on Thursday, August 7th. They now have a $148.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Advance Auto Parts in a research note on Friday, June 27th. They now have a $143.00 price target on the stock, up previously from $140.00. Finally, analysts at Raymond James reiterated a “strong-buy” rating on shares of Advance Auto Parts in a research note on Thursday, June 26th. They now have a $150.00 price target on the stock, up previously from $145.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $133.83.
Advance Auto Parts, Inc (NYSE:AAP) is a specialty retailer of automotive aftermarket parts, accessories, batteries and maintenance items primarily operating within the United States.
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