Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Gabelli lifted their FY2017 earnings per share (EPS) estimates for Advance Auto Parts in a note issued to investors on Wednesday. Gabelli analyst C. Jolly now forecasts that the company will earn $5.20 per share for the year, up from their prior estimate of $4.85. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Advance Auto Parts’ FY2018 earnings at $5.70 EPS, FY2019 earnings at $6.50 EPS, FY2020 earnings at $7.75 EPS and FY2021 earnings at $8.95 EPS.
Advance Auto Parts (NYSE:AAP) last announced its quarterly earnings results on Tuesday, November 14th. The company reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.18. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. Advance Auto Parts had a net margin of 4.40% and a return on equity of 13.12%. 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 business posted $1.73 EPS.
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Shares of Advance Auto Parts (NYSE AAP) opened at $89.27 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.29 and a current ratio of 1.48. The stock has a market cap of $6,600.00, a price-to-earnings ratio of 17.06, a P/E/G ratio of 1.76 and a beta of 0.90. Advance Auto Parts has a 1-year low of $78.81 and a 1-year high of $177.83.
A number of institutional investors and hedge funds have recently bought and sold shares of AAP. Thrivent Financial For Lutherans increased its position in Advance Auto Parts by 6.3% in the 1st quarter. Thrivent Financial For Lutherans now owns 2,710 shares of the company’s stock valued at $402,000 after acquiring an additional 160 shares in the last quarter. Bank of Montreal Can increased its position in Advance Auto Parts by 279.7% in the 2nd quarter. Bank of Montreal Can now owns 27,742 shares of the company’s stock valued at $3,234,000 after acquiring an additional 20,435 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Advance Auto Parts by 2.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,869 shares of the company’s stock valued at $684,000 after acquiring an additional 144 shares in the last quarter. Creative Planning increased its position in Advance Auto Parts by 9.5% in the 2nd quarter. Creative Planning now owns 1,556 shares of the company’s stock valued at $181,000 after acquiring an additional 135 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Advance Auto Parts by 12.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,460 shares of the company’s stock valued at $170,000 after acquiring an additional 160 shares in the last quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 22nd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Thursday, December 21st. Advance Auto Parts’s payout ratio is presently 5.03%.
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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