Equities analysts forecast that Advance Auto Parts, Inc. (NYSE:AAP) will report $2.02 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 lowest sales estimate coming in at $1.98 billion and the highest estimate coming in at $2.04 billion. Advance Auto Parts reported sales of $2.08 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The firm is expected to report its next earnings results on Tuesday, February 20th.

On average, analysts expect that Advance Auto Parts will report full year sales of $2.02 billion for the current year, with estimates ranging from $9.32 billion to $9.38 billion. For the next financial year, analysts expect that the company will post sales of $9.56 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 sell-side research firms that follow Advance Auto Parts.

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

AAP has been the topic of several recent analyst reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Advance Auto Parts in a research note on Wednesday, October 4th. BTIG Research reaffirmed a “sell” rating and issued a $75.00 price target (down previously from $90.00) on shares of Advance Auto Parts in a research note on Wednesday, October 25th. Royal Bank of Canada boosted their price target on Advance Auto Parts from $100.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, November 15th. Morgan Stanley set a $120.00 price objective on Advance Auto Parts and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Finally, Citigroup lowered Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $107.90.

Shares of Advance Auto Parts (AAP) traded down $2.04 during mid-day trading on Tuesday, reaching $113.90. The company had a trading volume of 1,500,000 shares, compared to its average volume of 1,450,000. The company has a current ratio of 1.52, a quick ratio of 0.32 and a debt-to-equity ratio of 0.32. The firm has a market cap of $8,420.00, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.98 and a beta of 1.00. Advance Auto Parts has a twelve month low of $78.81 and a twelve month high of $177.50.

The company also recently announced a quarterly dividend, which was paid on Friday, January 5th. Stockholders of record on Friday, December 22nd were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.21%. Advance Auto Parts’s payout ratio is currently 5.03%.

Several hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Advance Auto Parts by 16.3% during the fourth quarter. Bank of Montreal Can now owns 65,089 shares of the company’s stock worth $6,489,000 after acquiring an additional 9,136 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Advance Auto Parts by 12.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,164 shares of the company’s stock worth $2,010,000 after acquiring an additional 2,300 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in shares of Advance Auto Parts during the fourth quarter worth $857,000. Parametric Portfolio Associates LLC raised its position in shares of Advance Auto Parts by 25.4% during the third quarter. Parametric Portfolio Associates LLC now owns 204,241 shares of the company’s stock worth $20,261,000 after acquiring an additional 41,390 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Advance Auto Parts during the third quarter worth $16,576,000.

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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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