FY2017 Earnings Forecast for Amazon.com, Inc. Issued By Cantor Fitzgerald (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Cantor Fitzgerald decreased their FY2017 EPS estimates for Amazon.com in a research report issued to clients and investors on Monday. Cantor Fitzgerald analyst K. Paulson now expects that the e-commerce giant will earn $3.21 per share for the year, down from their previous estimate of $3.43. Cantor Fitzgerald has a “Buy” rating on the stock.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The business had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $42.26 billion. During the same period in the prior year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “FY2017 Earnings Forecast for Amazon.com, Inc. Issued By Cantor Fitzgerald (AMZN)” was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://theolympiareport.com/2017/11/01/fy2017-earnings-forecast-for-amazon-com-inc-issued-by-cantor-fitzgerald-amzn.html.
Several other equities analysts have also recently weighed in on the stock. Leerink Swann reiterated a “buy” rating on shares of Amazon.com in a research report on Monday. Zacks Investment Research upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,244.00 price objective on the stock in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a research report on Monday. Vetr lowered shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,079.96 target price for the company. in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on shares of Amazon.com from $1,400.00 to $1,430.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Five research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,138.06.
Amazon.com (NASDAQ AMZN) opened at 1105.28 on Tuesday. The firm’s 50 day moving average price is $987.81 and its 200-day moving average price is $977.91. The stock has a market cap of $530.95 billion, a price-to-earnings ratio of 281.10 and a beta of 1.47. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,122.79.
In related news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the transaction, the chief executive officer now owns 15,312 shares in the company, valued at $15,032,402.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,552,000. The disclosure for this sale can be found here. Insiders have sold 9,083 shares of company stock valued at $8,874,850 in the last 90 days. 17.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Whitnell & Co. boosted its holdings in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares during the last quarter. Vestor Capital LLC boosted its holdings in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC boosted its holdings in Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the last quarter. WealthTrust Arizona LLC boosted its holdings in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the last quarter. Finally, LeJeune Puetz Investment Counsel LLC acquired a new position in Amazon.com during the second quarter worth $116,000. Institutional investors and hedge funds own 60.77% of the company’s stock.
Amazon.com Company Profile
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.
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