Equities research analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to report sales of $50.15 billion for the current quarter, Zacks reports. Thirteen analysts have made estimates for Amazon.com’s earnings. The lowest sales estimate is $49.10 billion and the highest is $50.70 billion. Amazon.com reported sales of $35.71 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 40.4%. The business is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Amazon.com will report full-year sales of $50.15 billion for the current year, with estimates ranging from $231.40 billion to $237.05 billion. For the next fiscal year, analysts forecast that the company will report sales of $284.77 billion per share, with estimates ranging from $278.05 billion to $291.62 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Amazon.com.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.31. The firm had revenue of $60.45 billion for the quarter, compared to the consensus estimate of $59.85 billion. Amazon.com had a return on equity of 16.36% and a net margin of 1.77%. The company’s revenue was up 38.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 earnings per share.
In other news, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the sale, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Following the completion of the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The disclosure for this sale can be found here. Insiders sold 6,179 shares of company stock valued at $7,957,482 over the last 90 days. Company insiders own 17.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Goelzer Investment Management Inc. boosted its position in shares of Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after buying an additional 130 shares during the period. CI Investments Inc. boosted its position in shares of Amazon.com by 0.7% during the third quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after buying an additional 400 shares during the period. Lakeview Capital Partners LLC boosted its position in shares of Amazon.com by 19.6% during the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after buying an additional 176 shares during the period. Perpetual Ltd purchased a new position in shares of Amazon.com during the second quarter worth $25,356,000. Finally, R. G. Niederhoffer Capital Management Inc. purchased a new position in shares of Amazon.com during the second quarter worth $871,000. Institutional investors own 59.31% of the company’s stock.
Amazon.com (NASDAQ AMZN) traded up $21.18 during midday trading on Friday, reaching $1,489.53. The company had a trading volume of 5,449,583 shares, compared to its average volume of 5,944,610. The firm has a market cap of $723,540.00, a PE ratio of 325.22, a price-to-earnings-growth ratio of 6.37 and a beta of 1.63. Amazon.com has a 12 month low of $833.50 and a 12 month high of $1,503.49. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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