Q1 2018 Earnings Estimate for Advance Auto Parts Inc (NYSE:AAP) Issued By Northcoast Research

Advance Auto Parts Inc (NYSE:AAP) – Investment analysts at Northcoast Research boosted their Q1 2018 earnings estimates for shares of Advance Auto Parts in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Northcoast Research analyst N. Mitchell now expects that the company will post earnings of $2.06 per share for the quarter, up from their prior estimate of $1.99. Northcoast Research also issued estimates for Advance Auto Parts’ Q4 2018 earnings at $0.86 EPS.

Other equities analysts also recently issued research reports about the stock. Gabelli restated a “buy” rating on shares of Advance Auto Parts in a research report on Wednesday, August 16th. Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price target (down previously from $133.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. UBS reiterated a “buy” rating and issued a $118.00 price target (down previously from $155.00) on shares of Advance Auto Parts in a report on Wednesday, August 16th. Credit Suisse Group set a $100.00 price target on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, August 16th. Finally, Deutsche Bank set a $101.00 price target on shares of Advance Auto Parts and gave the company a “buy” rating in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.89.

Shares of Advance Auto Parts (NYSE:AAP) traded down $2.87 during trading on Monday, reaching $101.15. 2,462,381 shares of the company’s stock were exchanged, compared to its average volume of 1,696,656. The stock has a market cap of $7,490.00, a P/E ratio of 17.70, a P/E/G ratio of 1.79 and a beta of 1.00. 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 $177.83.

Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings data 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 company had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. Advance Auto Parts’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 EPS.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Advance Auto Parts by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,966,176 shares of the company’s stock worth $812,186,000 after purchasing an additional 185,970 shares during the last quarter. BlackRock Inc. boosted its position in shares of Advance Auto Parts by 25.6% in the second quarter. BlackRock Inc. now owns 5,425,799 shares of the company’s stock worth $632,593,000 after acquiring an additional 1,105,519 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in shares of Advance Auto Parts by 172.5% in the third quarter. Artisan Partners Limited Partnership now owns 2,922,315 shares of the company’s stock worth $289,894,000 after acquiring an additional 1,849,808 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Advance Auto Parts by 20.5% in the third quarter. American Century Companies Inc. now owns 2,535,220 shares of the company’s stock worth $251,494,000 after acquiring an additional 430,733 shares during the last quarter. Finally, Scharf Investments LLC boosted its position in shares of Advance Auto Parts by 9.7% in the third quarter. Scharf Investments LLC now owns 1,692,559 shares of the company’s stock worth $167,901,000 after acquiring an additional 149,741 shares during the last quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Advance Auto Parts’s dividend payout ratio 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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