Equities research analysts expect that Advance Auto Parts Inc (NYSE:AAP) will announce earnings per share of $0.64 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Advance Auto Parts’ earnings. The highest EPS estimate is $0.77 and the lowest is $0.59. Advance Auto Parts posted earnings per share of $1.00 in the same quarter last year, which indicates a negative year over year growth rate of 36%. The business is scheduled to issue its next earnings results on Tuesday, February 20th.

On average, analysts expect that Advance Auto Parts will report full-year earnings of $5.22 per share for the current fiscal year, with EPS estimates ranging from $5.02 to $5.37. For the next financial year, analysts forecast that the company will report earnings of $5.94 per share, with EPS estimates ranging from $5.55 to $6.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Advance Auto Parts.

Advance Auto Parts (NYSE:AAP) last released its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.18. The firm had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.73 EPS.

AAP has been the subject of a number of recent analyst reports. Credit Suisse Group set a $100.00 target price on Advance Auto Parts and gave the company a “buy” rating in a research report on Wednesday, August 16th. Raymond James Financial reiterated a “market perform” rating on shares of Advance Auto Parts in a research report on Wednesday, October 4th. BTIG Research reiterated a “sell” rating and set a $75.00 target price (down from $90.00) on shares of Advance Auto Parts in a research report on Wednesday, October 25th. Royal Bank Of Canada upped their target price on Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research report on Wednesday, November 15th. Finally, Citigroup downgraded Advance Auto Parts from a “neutral” rating to a “sell” rating and cut their target price for the company from $99.00 to $82.00 in a research report on Tuesday, September 12th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $104.89.

Several hedge funds have recently made changes to their positions in AAP. Artisan Partners Limited Partnership increased its holdings in Advance Auto Parts by 172.5% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock worth $289,894,000 after purchasing an additional 1,849,808 shares in the last quarter. BlackRock Inc. increased its holdings in Advance Auto Parts by 25.6% in the 2nd quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after purchasing an additional 1,105,519 shares in the last quarter. ACR Alpine Capital Research LLC acquired a new position in Advance Auto Parts in the 3rd quarter worth about $91,021,000. Neuberger Berman Group LLC increased its holdings in Advance Auto Parts by 6,616.2% in the 2nd quarter. Neuberger Berman Group LLC now owns 903,258 shares of the company’s stock worth $105,311,000 after purchasing an additional 889,809 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its holdings in Advance Auto Parts by 279.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,147,414 shares of the company’s stock worth $133,777,000 after purchasing an additional 845,130 shares in the last quarter.

Shares of Advance Auto Parts (AAP) opened at $100.31 on Monday. The firm has a market capitalization of $7,410.00, a price-to-earnings ratio of 17.88, a PEG ratio of 1.80 and a beta of 1.00. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $177.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio is currently 5.03%.

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Advance Auto Parts Company Profile

Advance Auto Parts, Inc provides automotive aftermarket parts in North America, serving do-it-for-me (Professional) and do-it-yourself (DIY), customers. The Company’s stores and branches offer a selection of brand name, original equipment manufacturer (OEM) and private label automotive replacement parts, accessories, batteries and maintenance items for domestic and imported cars, vans, sport utility vehicles and light and heavy duty trucks.

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Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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