Advance Auto Parts Inc (NYSE:AAP) issued its earnings results on Tuesday. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.18, Bloomberg Earnings reports. The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Advance Auto Parts had a net margin of 3.91% and a return on equity of 14.71%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.73 earnings per share.
Advance Auto Parts (NYSE AAP) opened at $82.28 on Tuesday. The firm has a market cap of $5,999.12, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90. Advance Auto Parts has a 12-month low of $78.81 and a 12-month high of $177.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.48 and a quick ratio of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 22nd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.29%. Advance Auto Parts’s dividend payout ratio (DPR) is 4.80%.
Several research analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Advance Auto Parts from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. BTIG Research reaffirmed a “sell” rating and issued a $75.00 target price (down from $90.00) on shares of Advance Auto Parts in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Advance Auto Parts from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Advance Auto Parts in a report on Wednesday, October 4th. Finally, Citigroup Inc. lowered shares of Advance Auto Parts from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have assigned a buy rating to the company. Advance Auto Parts has a consensus rating of “Hold” and an average price target of $116.44.
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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