Advance Auto Parts, Inc. (NYSE:AAP) – Equities researchers at Oppenheimer Holdings dropped their Q4 2017 earnings per share estimates for Advance Auto Parts in a report released on Tuesday. Oppenheimer Holdings analyst B. Nagel now forecasts that the company will post earnings per share of $0.63 for the quarter, down from their prior estimate of $0.76. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Advance Auto Parts’ FY2018 earnings at $5.88 EPS.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Tuesday, November 14th. The company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.18. The firm 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 4.40% and a return on equity of 13.12%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share.

TRADEMARK VIOLATION NOTICE: “Q4 2017 EPS Estimates for Advance Auto Parts, Inc. Reduced by Oppenheimer Holdings (AAP)” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://theolympiareport.com/2017/11/17/q4-2017-eps-estimates-for-advance-auto-parts-inc-reduced-by-oppenheimer-holdings-aap.html.

A number of other research firms have also commented on AAP. Barclays PLC reaffirmed an “equal weight” rating and issued a $90.00 price objective (down previously from $93.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. UBS AG reaffirmed a “buy” rating and issued a $118.00 price objective (down previously from $155.00) on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Citigroup Inc. decreased their price objective on shares of Advance Auto Parts to $99.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Royal Bank Of Canada decreased their price objective on shares of Advance Auto Parts from $125.00 to $102.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 16th. Finally, Gabelli reaffirmed a “buy” rating on shares of Advance Auto Parts in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Advance Auto Parts currently has an average rating of “Hold” and a consensus price target of $104.89.

Shares of Advance Auto Parts (NYSE:AAP) traded down $1.08 during trading hours on Thursday, reaching $90.50. 2,288,900 shares of the company were exchanged, compared to its average volume of 1,692,496. The company has a market capitalization of $6,620.00, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.69 and a beta of 0.90. Advance Auto Parts has a 1 year low of $78.81 and a 1 year high of $177.83. The company has a quick ratio of 0.29, a current ratio of 1.52 and a debt-to-equity ratio of 0.32.

Institutional investors have recently added to or reduced their stakes in the company. Tobam bought a new position in shares of Advance Auto Parts during the 2nd quarter valued at $118,000. QS Investors LLC boosted its position in Advance Auto Parts by 0.9% in the second quarter. QS Investors LLC now owns 1,017 shares of the company’s stock valued at $119,000 after buying an additional 9 shares in the last quarter. Huntington National Bank boosted its position in Advance Auto Parts by 37.1% in the second quarter. Huntington National Bank now owns 1,046 shares of the company’s stock valued at $122,000 after buying an additional 283 shares in the last quarter. Global X Management Co. LLC boosted its position in Advance Auto Parts by 14.3% in the second quarter. Global X Management Co. LLC now owns 1,111 shares of the company’s stock valued at $130,000 after buying an additional 139 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Advance Auto Parts by 57.5% in the second quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock valued at $141,000 after buying an additional 441 shares in the last quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 22nd will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. Advance Auto Parts’s dividend payout ratio is currently 5.03%.

About Advance Auto Parts

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.

Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

Receive News & Ratings for Advance Auto Parts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advance Auto Parts Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.