Advance Auto Parts Inc (NYSE:AAP) is set to announce its earnings results before the market opens on Tuesday, November 14th. Analysts expect the company to announce earnings of $1.25 per share for the quarter.
Advance Auto Parts (NYSE:AAP) last posted its earnings results on Tuesday, August 15th. The company reported $1.58 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.07). Advance Auto Parts had a return on equity of 14.71% and a net margin of 3.91%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect Advance Auto Parts to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Advance Auto Parts Inc (NYSE AAP) opened at $81.22 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.48 and a debt-to-equity ratio of 0.33. Advance Auto Parts Inc has a fifty-two week low of $78.81 and a fifty-two week high of $177.83. The company has a market capitalization of $5,999.15, a price-to-earnings ratio of 13.74, a P/E/G ratio of 1.48 and a beta of 0.90.
Several analysts have issued reports on AAP shares. Bank of America Corporation reissued an “underperform” rating and set a $87.50 price target on shares of Advance Auto Parts in a report on Tuesday, September 5th. Credit Suisse Group set a $100.00 price target on Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, August 16th. Royal Bank Of Canada cut their price target on Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating for the company in a report on Wednesday, August 16th. Citigroup Inc. downgraded Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, October 4th. Finally, Morgan Stanley boosted their price objective on Advance Auto Parts from $92.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $116.44.
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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