Amazon.com, Inc. to Post Q3 2017 Earnings of $0.19 Per Share, DA Davidson Forecasts (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – DA Davidson issued their Q3 2017 earnings estimates for Amazon.com in a research note issued to investors on Wednesday. DA Davidson analyst T. Forte anticipates that the e-commerce giant will earn $0.19 per share for the quarter. DA Davidson has a “Buy” rating and a $1,300.00 price target on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $2.35 EPS, FY2017 earnings at $4.42 EPS, FY2018 earnings at $10.82 EPS, FY2019 earnings at $16.73 EPS, FY2020 earnings at $24.71 EPS and FY2021 earnings at $32.91 EPS.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. The company had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 EPS.
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A number of other analysts have also recently issued reports on the stock. MKM Partners restated a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research note on Thursday. Cantor Fitzgerald restated a “buy” rating and set a $1,150.00 target price on shares of Amazon.com in a research note on Friday, September 1st. Jefferies Group LLC restated a “buy” rating and set a $1,250.00 target price on shares of Amazon.com in a research note on Thursday, August 31st. Morgan Stanley restated an “overweight” rating and set a $1,100.00 target price on shares of Amazon.com in a research note on Thursday, August 31st. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Amazon.com in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have issued a buy rating and two have given a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $1,092.58.
Amazon.com (NASDAQ AMZN) opened at 965.90 on Monday. The stock’s 50 day moving average is $983.17 and its 200-day moving average is $944.52. The firm has a market cap of $464.00 billion, a price-to-earnings ratio of 245.65 and a beta of 1.47. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,083.31.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at $80,348,071.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,793 shares of company stock worth $9,574,377. Insiders own 17.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in AMZN. OLD Second National Bank of Aurora raised its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock valued at $102,000 after purchasing an additional 15 shares in the last quarter. Vestor Capital LLC raised its stake in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Clear Investment Research LLC raised its stake in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in Amazon.com in the second quarter valued at approximately $116,000. 60.80% of the stock is currently owned by hedge funds and other institutional investors.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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