Advance Auto Parts, Inc. (NYSE:AAP) – Investment analysts at Jefferies Group issued their Q2 2019 earnings per share (EPS) estimates for shares of Advance Auto Parts in a report issued on Wednesday. Jefferies Group analyst B. Jordan expects that the company will earn $2.25 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $130.00 target price on the stock. Jefferies Group also issued estimates for Advance Auto Parts’ Q3 2019 earnings at $2.13 EPS.
Advance Auto Parts (NYSE:AAP) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.12. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.00 EPS.
Advance Auto Parts (NYSE AAP) traded up $5.83 during trading hours on Friday, hitting $116.32. The company’s stock had a trading volume of 1,503,932 shares, compared to its average volume of 1,525,481. The firm has a market cap of $8,173.84, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.14. Advance Auto Parts has a 52-week low of $78.81 and a 52-week 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 0.32.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be paid a dividend of $0.06 per share. The ex-dividend date 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 currently 3.74%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB boosted its stake in shares of Advance Auto Parts by 6.1% during the 4th quarter. Xact Kapitalforvaltning AB now owns 13,546 shares of the company’s stock worth $1,350,000 after acquiring an additional 774 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Advance Auto Parts by 19.6% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 34,912 shares of the company’s stock valued at $3,480,000 after purchasing an additional 5,722 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Advance Auto Parts in the 4th quarter valued at $2,116,000. We Are One Seven LLC bought a new stake in Advance Auto Parts in the 4th quarter valued at $820,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Advance Auto Parts by 55.6% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,200 shares of the company’s stock valued at $419,000 after purchasing an additional 1,500 shares during the period.
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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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