Brokerages expect that Amazon.com, Inc. (NASDAQ:AMZN) will announce $3.99 earnings per share for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Amazon.com’s earnings. The highest EPS estimate is $5.04 and the lowest is $3.31. Amazon.com posted earnings per share of $6.04 in the same quarter last year, which would indicate a negative year over year growth rate of 33.9%. The company is expected to report its next earnings report on Thursday, January 30th.
On average, analysts expect that Amazon.com will report full year earnings of $20.52 per share for the current fiscal year, with EPS estimates ranging from $19.84 to $21.57. For the next fiscal year, analysts anticipate that the company will post earnings of $26.55 per share, with EPS estimates ranging from $20.27 to $31.44. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Amazon.com.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion for the quarter, compared to analyst estimates of $68.72 billion. Amazon.com had a net margin of 4.27% and a return on equity of 22.52%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.75 EPS.
AMZN has been the topic of a number of recent analyst reports. Jefferies Financial Group set a $2,300.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $2,200.00 price objective on shares of Amazon.com in a report on Friday, October 25th. BMO Capital Markets cut their price objective on shares of Amazon.com from $2,280.00 to $2,000.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. SunTrust Banks reiterated a “buy” rating and issued a $2,350.00 price objective on shares of Amazon.com in a report on Friday. Finally, Wells Fargo & Co boosted their price objective on shares of Amazon.com from $2,200.00 to $2,300.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and forty-two have assigned a buy rating to the company. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,167.41.
AMZN stock traded down $19.20 during trading on Monday, reaching $1,781.60. The stock had a trading volume of 3,924,411 shares, compared to its average volume of 3,936,617. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,035.80. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $883.27 billion, a P/E ratio of 88.46, a PEG ratio of 3.30 and a beta of 1.53. The firm has a fifty day moving average price of $1,771.25 and a 200 day moving average price of $1,823.60.
In other news, CFO Brian T. Olsavsky sold 1,265 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,760.05, for a total value of $2,226,463.25. Following the completion of the sale, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at approximately $4,364,924. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jeffrey M. Blackburn sold 3,573 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the completion of the sale, the senior vice president now directly owns 50,659 shares of the company’s stock, valued at $88,766,219.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,296 shares of company stock valued at $27,149,828. Company insiders own 16.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Enterprise Trust & Investment Co bought a new stake in shares of Amazon.com during the 2nd quarter worth $27,000. Macroview Investment Management LLC lifted its holdings in shares of Amazon.com by 166.7% during the 3rd quarter. Macroview Investment Management LLC now owns 16 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 10 shares during the period. Phocas Financial Corp. bought a new position in shares of Amazon.com during the 2nd quarter worth about $45,000. Litman Gregory Asset Management LLC bought a new position in shares of Amazon.com during the 2nd quarter worth about $53,000. Finally, Financial Advantage Inc. lifted its holdings in shares of Amazon.com by 26.7% during the 3rd quarter. Financial Advantage Inc. now owns 38 shares of the e-commerce giant’s stock worth $65,000 after acquiring an additional 8 shares during the period. 56.01% of the stock is owned by institutional investors and hedge funds.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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