FY2017 Earnings Forecast for Amazon.com, Inc. (AMZN) Issued By DA Davidson

Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at DA Davidson increased their FY2017 EPS estimates for Amazon.com in a research report issued to clients and investors on Wednesday. DA Davidson analyst T. Forte now anticipates that the e-commerce giant will post earnings per share of $4.17 for the year, up from their prior estimate of $4.16. DA Davidson currently has a “Buy” rating and a $1,500.00 target price on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $1.78 EPS, FY2018 earnings at $10.60 EPS, FY2019 earnings at $16.91 EPS, FY2020 earnings at $25.56 EPS and FY2021 earnings at $34.67 EPS.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period last year, the company posted $0.52 EPS. The business’s revenue was up 33.7% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Tigress Financial reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Vetr raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price objective for the company in a research note on Wednesday. J P Morgan Chase & Co reissued a “buy” rating on shares of Amazon.com in a research note on Thursday. SunTrust Banks reissued a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research note on Monday, October 2nd. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Thursday, August 10th. Five research analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $1,198.48.

Shares of Amazon.com (NASDAQ AMZN) traded down $16.07 during trading on Friday, hitting $1,160.68. 1,381,202 shares of the stock were exchanged, compared to its average volume of 3,572,192. Amazon.com has a 12 month low of $736.70 and a 12 month high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market cap of $567,040.00, a P/E ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whitnell & Co. increased its position in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC grew its position in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC grew its position in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC grew its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth about $116,000. 59.70% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: “FY2017 Earnings Forecast for Amazon.com, Inc. (AMZN) Issued By DA Davidson” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/fy2017-earnings-forecast-for-amazon-com-inc-amzn-issued-by-da-davidson.html.

About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply