Advance Auto Parts (NYSE:AAP) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $2.36 per share for the quarter. Advance Auto Parts has set its FY 2019 guidance at EPS.
Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, February 19th. The company reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.03. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Advance Auto Parts had a net margin of 4.42% and a return on equity of 14.64%. Advance Auto Parts’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, analysts expect Advance Auto Parts to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.
Advance Auto Parts stock opened at $155.75 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.44 and a current ratio of 1.57. Advance Auto Parts has a 1-year low of $113.61 and a 1-year high of $186.15. The company has a market cap of $11.34 billion, a P/E ratio of 21.84, a PEG ratio of 1.53 and a beta of 0.97.
AAP has been the subject of a number of research reports. Zacks Investment Research cut shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Wells Fargo & Co reissued a “hold” rating and issued a $175.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 19th. Credit Suisse Group reissued a “buy” rating and issued a $195.00 price target on shares of Advance Auto Parts in a research note on Tuesday, February 19th. Jefferies Financial Group cut their price target on shares of Advance Auto Parts to $195.00 and set a “buy” rating for the company in a research note on Wednesday, February 20th. Finally, Evercore ISI initiated coverage on shares of Advance Auto Parts in a research note on Wednesday, March 20th. They issued an “outperform” rating and a $185.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $190.71.
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About Advance Auto Parts
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories, belts and hoses, brakes and brake pads, chassis and climate control parts, clutches and drive shafts, engines and engine parts, exhaust systems and parts, hub assemblies, ignition components and wires, radiators and cooling parts, starters and alternators, and steering and alignment parts.
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