Brokerages expect Advance Auto Parts, Inc. (NYSE:AAP) to announce sales of $2.26 billion for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Advance Auto Parts’ earnings, with the lowest sales estimate coming in at $2.24 billion and the highest estimate coming in at $2.28 billion. Advance Auto Parts also reported sales of $2.26 billion in the same quarter last year. The company is expected to issue its next quarterly earnings results on Tuesday, August 21st.

According to Zacks, analysts expect that Advance Auto Parts will report full-year sales of $9.39 billion for the current financial year, with estimates ranging from $9.34 billion to $9.45 billion. For the next financial year, analysts anticipate that the company will post sales of $9.56 billion per share, with estimates ranging from $9.47 billion to $9.77 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that that provide coverage for Advance Auto Parts.

Advance Auto Parts (NYSE:AAP) last issued its quarterly earnings results on Tuesday, May 22nd. The company reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.13. The firm had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.91 billion. Advance Auto Parts had a return on equity of 13.09% and a net margin of 5.39%. Advance Auto Parts’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.60 earnings per share.

A number of brokerages recently commented on AAP. ValuEngine downgraded Advance Auto Parts from a “hold” rating to a “sell” rating in a report on Tuesday, May 22nd. Zacks Investment Research downgraded Advance Auto Parts from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Barclays reissued an “equal weight” rating and issued a $114.00 price target (up previously from $105.00) on shares of Advance Auto Parts in a report on Thursday, February 22nd. Stephens reissued a “hold” rating and issued a $113.00 price target (up previously from $58.00) on shares of Advance Auto Parts in a report on Thursday, February 22nd. Finally, Wedbush reissued a “buy” rating and issued a $130.00 price target (up previously from $115.00) on shares of Advance Auto Parts in a report on Thursday, February 22nd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $116.33.

Shares of Advance Auto Parts opened at $128.62 on Friday, according to Marketbeat. The stock has a market capitalization of $9.18 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.67 and a beta of 1.05. Advance Auto Parts has a one year low of $78.81 and a one year high of $138.23. The company has a quick ratio of 0.40, a current ratio of 1.61 and a debt-to-equity ratio of 0.29.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Friday, June 22nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.19%. The ex-dividend date is Thursday, June 21st. Advance Auto Parts’s payout ratio is currently 4.47%.

In related news, insider Thomas Greco purchased 8,640 shares of the company’s stock in a transaction dated Wednesday, March 21st. The shares were acquired at an average cost of $115.77 per share, for a total transaction of $1,000,252.80. Following the transaction, the insider now owns 135,081 shares of the company’s stock, valued at $15,638,327.37. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Balentine LLC acquired a new stake in shares of Advance Auto Parts during the 4th quarter worth approximately $100,000. Stratos Wealth Partners LTD. raised its position in shares of Advance Auto Parts by 1,148.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 1,186 shares of the company’s stock worth $141,000 after purchasing an additional 1,091 shares during the period. Assetmark Inc. raised its position in shares of Advance Auto Parts by 71.6% during the 4th quarter. Assetmark Inc. now owns 1,488 shares of the company’s stock worth $148,000 after purchasing an additional 621 shares during the period. Trust Co. of Vermont raised its position in shares of Advance Auto Parts by 501.7% during the 1st quarter. Trust Co. of Vermont now owns 1,805 shares of the company’s stock worth $214,000 after purchasing an additional 1,505 shares during the period. Finally, Roberts Glore & Co. Inc. IL acquired a new stake in shares of Advance Auto Parts during the 1st quarter worth approximately $231,000.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, batteries, accessories, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. It 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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Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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