Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Gabelli upped their FY2018 earnings per share estimates for shares of Advance Auto Parts in a research report issued on Thursday. Gabelli analyst C. Jolly now forecasts that the company will post earnings of $6.85 per share for the year, up from their prior estimate of $5.70. Gabelli also issued estimates for Advance Auto Parts’ FY2019 earnings at $7.70 EPS, FY2020 earnings at $8.60 EPS and FY2021 earnings at $9.75 EPS.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.12. The business had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Advance Auto Parts had a return on equity of 12.45% and a net margin of 5.07%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 earnings per share.
Advance Auto Parts (NYSE:AAP) traded down $4.62 during trading on Monday, hitting $110.23. The stock had a trading volume of 1,212,096 shares, compared to its average volume of 1,520,306. The stock has a market capitalization of $8,605.13, a PE ratio of 17.15, a PEG ratio of 1.49 and a beta of 1.14. Advance Auto Parts has a 1-year low of $78.81 and a 1-year high of $158.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.56 and a quick ratio of 0.36.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAP. APG Asset Management N.V. boosted its stake in Advance Auto Parts by 7.4% during the third quarter. APG Asset Management N.V. now owns 104,132 shares of the company’s stock worth $10,330,000 after buying an additional 7,200 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Advance Auto Parts by 15.4% in the 3rd quarter. Nationwide Fund Advisors now owns 198,949 shares of the company’s stock valued at $19,736,000 after purchasing an additional 26,620 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Advance Auto Parts by 239.6% in the 3rd quarter. First Trust Advisors LP now owns 75,675 shares of the company’s stock valued at $7,507,000 after purchasing an additional 53,390 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Advance Auto Parts by 33.3% in the 3rd quarter. Aperio Group LLC now owns 29,157 shares of the company’s stock valued at $2,892,000 after purchasing an additional 7,286 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of Advance Auto Parts by 126.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 8,950 shares of the company’s stock valued at $888,000 after purchasing an additional 5,000 shares during the last quarter.
In other Advance Auto Parts news, Director John C. Brouillard sold 1,745 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $116.08, for a total transaction of $202,559.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Shareholders of record on Friday, March 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Thursday, March 22nd. Advance Auto Parts’s dividend payout ratio (DPR) is currently 3.74%.
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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.
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