Analysts predict that Amazon.com, Inc. (NASDAQ:AMZN) will post sales of $62.51 billion for the current fiscal quarter, Zacks reports. Fourteen analysts have provided estimates for Amazon.com’s earnings. The highest sales estimate is $63.76 billion and the lowest is $60.97 billion. Amazon.com reported sales of $52.89 billion in the same quarter last year, which would suggest a positive year over year growth rate of 18.2%. The firm is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Amazon.com will report full-year sales of $275.24 billion for the current financial year, with estimates ranging from $270.35 billion to $278.46 billion. For the next year, analysts expect that the firm will report sales of $323.70 billion, with estimates ranging from $318.48 billion to $332.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Amazon.com.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. During the same quarter in the prior year, the company posted $3.27 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year.

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Amazon.com in a report on Monday, April 29th. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Monday, April 29th. JMP Securities boosted their target price on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Piper Jaffray Companies boosted their target price on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Bank of America boosted their target price on Amazon.com from $2,100.00 to $2,300.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Five research analysts have rated the stock with a hold rating and forty-three have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2,181.89.

In related news, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,645 shares of the company’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,075 shares of company stock worth $21,454,483. Corporate insiders own 16.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Equitable Trust Co. increased its position in Amazon.com by 2.7% in the first quarter. Equitable Trust Co. now owns 3,798 shares of the e-commerce giant’s stock worth $6,763,000 after buying an additional 99 shares during the period. V Wealth Advisors LLC acquired a new stake in Amazon.com in the first quarter worth $4,626,000. BlueMountain Capital Management LLC acquired a new stake in Amazon.com in the first quarter worth $360,000. Kore Private Wealth LLC acquired a new stake in Amazon.com in the first quarter worth $7,631,000. Finally, Castle Rock Wealth Management LLC increased its position in Amazon.com by 2.2% in the first quarter. Castle Rock Wealth Management LLC now owns 1,266 shares of the e-commerce giant’s stock worth $75,192,000 after buying an additional 27 shares during the period. 56.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:AMZN traded up $65.76 during trading on Monday, reaching $1,905.88. 3,853,818 shares of the stock were exchanged, compared to its average volume of 4,860,796. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.83 and a current ratio of 1.09. Amazon.com has a 12-month low of $1,307.00 and a 12-month high of $2,050.50. The stock has a market capitalization of $897.36 billion, a P/E ratio of 94.63, a PEG ratio of 2.07 and a beta of 1.62.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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