Advance Auto Parts (AAP) Releases Earnings Results, Beats Expectations By $0.12 EPS

Advance Auto Parts (NYSE:AAP) posted its earnings results on Wednesday. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.12, Bloomberg Earnings reports. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Advance Auto Parts had a net margin of 3.75% and a return on equity of 13.51%. Advance Auto Parts’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.00 EPS.

Shares of Advance Auto Parts (NYSE:AAP) traded down $1.51 during trading on Thursday, hitting $112.49. 147,743 shares of the company traded hands, compared to its average volume of 1,494,882. 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 company has a market cap of $7,785.16, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.68 and a beta of 1.14. Advance Auto Parts has a 52 week low of $78.81 and a 52 week high of $159.66.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.24 annualized dividend and a dividend yield of 0.21%. Advance Auto Parts’s dividend payout ratio is 5.03%.

A number of equities analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $130.00 price objective (up previously from $115.00) on shares of Advance Auto Parts in a research note on Thursday. Oppenheimer reaffirmed a “hold” rating on shares of Advance Auto Parts in a research note on Tuesday, November 14th. Moffett Nathanson started coverage on shares of Advance Auto Parts in a research note on Monday, December 4th. They issued a “neutral” rating for the company. Jefferies Group cut their price objective on shares of Advance Auto Parts from $130.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday, November 15th. Finally, Stephens set a $108.00 price objective on shares of Advance Auto Parts and gave the company a “hold” rating in a research note on Tuesday, January 16th. Four equities research 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 company has an average rating of “Hold” and a consensus price target of $108.03.

Large investors have recently added to or reduced their stakes in the business. Balentine LLC bought a new stake in shares of Advance Auto Parts in the fourth quarter worth approximately $100,000. QS Investors LLC grew its stake in shares of Advance Auto Parts by 0.9% in the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock worth $119,000 after acquiring an additional 9 shares during the period. Assetmark Inc. grew its stake in shares of Advance Auto Parts by 71.6% in the fourth quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock worth $148,000 after acquiring an additional 621 shares during the period. Advisor Partners LLC bought a new stake in shares of Advance Auto Parts in the fourth quarter worth approximately $208,000. Finally, FDx Advisors Inc. bought a new stake in shares of Advance Auto Parts in the third quarter worth approximately $201,000.

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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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