Amazon.com, Inc. to Post FY2018 Earnings of $8.61 Per Share, Jefferies Group Forecasts (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at Jefferies Group decreased their FY2018 earnings estimates for shares of Amazon.com in a research report issued on Sunday. Jefferies Group analyst B. Thill now anticipates that the e-commerce giant will earn $8.61 per share for the year, down from their previous forecast of $10.24. Jefferies Group has a “Buy” rating and a $1,350.00 price objective on the stock.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS.

A number of other analysts have also recently issued reports on the company. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday. Stifel Nicolaus lifted their price objective on Amazon.com from $1,313.00 to $1,425.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $1,385.00 price target (up previously from $1,375.00) on shares of Amazon.com in a research report on Wednesday. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $1,400.00 price target (up previously from $1,200.00) on shares of Amazon.com in a research report on Tuesday. Finally, BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating and fifty-one have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,259.52.

Amazon.com (NASDAQ AMZN) traded up $22.35 on Wednesday, reaching $1,276.68. The company had a trading volume of 3,124,706 shares, compared to its average volume of 3,300,000. The firm has a market capitalization of $615,200.00, a PE ratio of 322.39, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46. Amazon.com has a 52-week low of $789.51 and a 52-week high of $1,276.77. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares in the last quarter. BlackRock Inc. increased its holdings in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Capital Research Global Investors increased its holdings in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after purchasing an additional 40,068 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after purchasing an additional 46,800 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its holdings in Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Institutional investors and hedge funds own 59.78% of the company’s stock.

In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the sale, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock valued at $444,391,701 in the last quarter. Corporate insiders own 17.00% of the company’s stock.

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About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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