Advance Auto Parts (AAP) Scheduled to Post Earnings on Wednesday

Advance Auto Parts (NYSE:AAP) is set to release its earnings data before the market opens on Wednesday, February 21st. Analysts expect Advance Auto Parts to post earnings of $0.62 per share for the quarter.

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. Advance Auto Parts had a return on equity of 13.51% and a net margin of 3.75%. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter last year, the business posted $1.73 earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts expect Advance Auto Parts to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Advance Auto Parts (NYSE AAP) opened at $106.22 on Wednesday. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $169.55. The company has a market capitalization of $7,880.00, a P/E ratio of 22.27, a P/E/G ratio of 1.76 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.32 and a current ratio of 1.52.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Friday, March 23rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.24 dividend on an annualized basis and a yield of 0.23%. Advance Auto Parts’s payout ratio is 5.03%.

A number of brokerages recently commented on AAP. Oppenheimer reiterated a “hold” rating on shares of Advance Auto Parts in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Advance Auto Parts from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Moffett Nathanson started coverage on Advance Auto Parts in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Jefferies Group reduced their target price on Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Stephens set a $108.00 target price on Advance Auto Parts and gave the company a “hold” rating in a research report on Tuesday, January 16th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $109.91.

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About Advance Auto Parts

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.

Earnings History for Advance Auto Parts (NYSE:AAP)

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