Wall Street analysts predict that Advance Auto Parts Inc (NYSE:AAP) will report $2.01 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Advance Auto Parts’ earnings, with the highest sales estimate coming in at $2.04 billion and the lowest estimate coming in at $1.97 billion. Advance Auto Parts reported sales of $2.08 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 3.4%. The business is expected to report its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Advance Auto Parts will report full-year sales of $2.01 billion for the current fiscal year, with estimates ranging from $9.31 billion to $9.38 billion. For the next year, analysts forecast that the company will report sales of $9.54 billion per share, with estimates ranging from $9.44 billion to $9.71 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Advance Auto Parts.

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

Several equities analysts recently commented on AAP shares. Credit Suisse Group set a $100.00 target price on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, August 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of Advance Auto Parts in a report on Wednesday, October 4th. BTIG Research reaffirmed a “sell” rating and set a $75.00 target price (down previously from $90.00) on shares of Advance Auto Parts in a report on Wednesday, October 25th. Royal Bank of Canada increased their price target on shares of 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 cut shares of Advance Auto Parts from a “neutral” rating to a “sell” rating and dropped their price target 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.32.

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Advance Auto Parts by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 358,722 shares of the company’s stock valued at $41,825,000 after purchasing an additional 18,209 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Advance Auto Parts by 78.0% in the second quarter. Wells Fargo & Company MN now owns 884,760 shares of the company’s stock worth $103,155,000 after acquiring an additional 387,673 shares during the period. Tobam bought a new stake in shares of Advance Auto Parts in the second quarter worth approximately $118,000. Vanguard Group Inc. grew its stake in shares of Advance Auto Parts by 2.7% in the second quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock worth $812,186,000 after acquiring an additional 185,970 shares during the period. Finally, ARGA Investment Management LP grew its stake in shares of Advance Auto Parts by 89.0% in the second quarter. ARGA Investment Management LP now owns 53,300 shares of the company’s stock worth $6,214,000 after acquiring an additional 25,100 shares during the period.

Advance Auto Parts (NYSE AAP) traded down $0.53 during mid-day trading on Wednesday, hitting $102.50. 1,093,054 shares of the company traded hands, compared to its average volume of 1,689,277. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52. Advance Auto Parts has a 52 week low of $78.81 and a 52 week high of $177.50. The company has a market cap of $7,452.62, a price-to-earnings ratio of 17.98, a P/E/G ratio of 1.81 and a beta of 1.00.

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.23%. Advance Auto Parts’s dividend payout ratio (DPR) 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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