Advance Auto Parts (NYSE:AAP – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $13.30-$13.85 for the period, compared to the consensus earnings per share estimate of $13.70. The company issued revenue guidance of $11.20 billion-$11.50 billion, compared to the consensus revenue estimate of $11.40 billion.
A number of equities analysts have commented on the stock. Truist Financial cut their price objective on shares of Advance Auto Parts from $276.00 to $238.00 and set a buy rating on the stock in a report on Wednesday, May 25th. Guggenheim cut their target price on shares of Advance Auto Parts from $266.00 to $259.00 and set a buy rating on the stock in a research note on Wednesday, May 25th. Morgan Stanley cut their target price on shares of Advance Auto Parts from $240.00 to $225.00 and set an equal weight rating on the stock in a research note on Tuesday, May 24th. UBS Group cut their target price on shares of Advance Auto Parts to $250.00 in a research note on Wednesday, May 25th. Finally, Citigroup cut their target price on shares of Advance Auto Parts from $294.00 to $250.00 in a research note on Friday, May 13th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $244.94.
NYSE AAP opened at $179.43 on Monday. The company has a 50-day moving average price of $204.58 and a two-hundred day moving average price of $216.80. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10.88 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. Advance Auto Parts has a 52 week low of $172.86 and a 52 week high of $244.55.
Advance Auto Parts (NYSE:AAP – Get Rating) last posted its quarterly earnings data on Monday, May 23rd. The company reported $3.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.02). The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.39 billion. Advance Auto Parts had a net margin of 5.16% and a return on equity of 24.74%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $3.34 earnings per share. As a group, equities research analysts expect that Advance Auto Parts will post 13.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, June 17th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Thursday, June 16th. Advance Auto Parts’s dividend payout ratio (DPR) is presently 66.82%.
Several institutional investors have recently bought and sold shares of AAP. Covestor Ltd lifted its stake in Advance Auto Parts by 113.7% during the first quarter. Covestor Ltd now owns 156 shares of the company’s stock valued at $32,000 after purchasing an additional 83 shares during the last quarter. Penserra Capital Management LLC lifted its stake in Advance Auto Parts by 19.6% during the fourth quarter. Penserra Capital Management LLC now owns 281 shares of the company’s stock valued at $67,000 after purchasing an additional 46 shares during the last quarter. Virtu Financial LLC acquired a new stake in Advance Auto Parts during the first quarter valued at approximately $209,000. Cetera Investment Advisers acquired a new stake in Advance Auto Parts during the fourth quarter valued at approximately $244,000. Finally, Enlightenment Research LLC acquired a new stake in Advance Auto Parts during the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 98.99% of the company’s stock.
Advance Auto Parts Company Profile (Get Rating)
Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.
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Source: defenseworld.net
