Auto Parts

Advance Automobile Elements, Inc. (NYSE:AAP) Expected to Announce Earnings of $3.48 For every Share

Equities research analysts count on Advance Vehicle Pieces, Inc. (NYSE:AAP – Get Ranking) to report earnings of $3.48 per share for the present quarter, Zacks Investment decision Research studies. Eight analysts have produced estimates for Progress Auto Parts’ earnings, with estimates ranging from $2.61 to $3.77. Advance Vehicle Parts posted earnings of $3.34 per share throughout the exact same quarter very last yr, which would indicate a constructive yr-in excess of-calendar year progress level of 4.2%. The company is envisioned to challenge its next quarterly earnings report after the industry closes on Monday, January 1st.

On common, analysts hope that Advance Automobile Elements will report entire calendar year earnings of $13.76 for every share for the current fiscal 12 months, with EPS estimates ranging from $13.50 to $14.14. For the upcoming monetary yr, analysts foresee that the organization will post earnings of $15.78 per share, with EPS estimates ranging from $14.79 to $16.68. Zacks’ EPS averages are a indicate ordinary centered on a study of market-side investigate analysts that observe Progress Auto Components.

AAP has been the topic of a variety of analysis reports. lifted Progress Auto Components from a “hold” rating to a “buy” score in a investigation observe on Friday. Morgan Stanley upped their focus on selling price on Advance Car Elements from $235.00 to $240.00 and gave the business an “equal weight” rating in a report on Wednesday, February 16th. Evercore ISI began coverage on Progress Vehicle Pieces in a report on Tuesday, February 15th. They issued a “buy” ranking and a $275.00 focus on selling price for the business. Royal Lender of Canada started coverage on Progress Car Parts in a report on Thursday, January 27th. They issued a “sector perform” score and a $239.00 target selling price for the business. At last, Citigroup dropped their price goal on Advance Automobile Sections from $294.00 to $250.00 in a research observe on Friday, Could 13th. Five analysts have rated the inventory with a maintain rating, eleven have specified a obtain ranking and a single has assigned a strong obtain rating to the company. In accordance to MarketBeat, the organization presently has a consensus rating of “Buy” and an normal rate concentrate on of $254.81.

Various big investors have just lately manufactured alterations to their positions in the corporation. Sawtooth Alternatives LLC bought a new placement in shares of Advance Vehicle Components in the course of the to start with quarter valued at about $274,000. Toroso Investments LLC acquired a new position in shares of Advance Automobile Pieces throughout the very first quarter valued at about $271,000. Golden Condition Fairness Companions bought a new place in shares of Advance Automobile Sections through the very first quarter valued at about $656,000. Worldquant Millennium Advisors LLC grew its stake in shares of Advance Auto Components by 603.6% through the to start with quarter. Worldquant Millennium Advisors LLC now owns 114,693 shares of the company’s stock valued at $23,737,000 just after obtaining an more 98,391 shares through the previous quarter. Ultimately, Wealthfront Advisers LLC grew its stake in shares of Advance Car Components by 636.4% for the duration of the to start with quarter. Wealthfront Advisers LLC now owns 12,268 shares of the company’s stock valued at $2,539,000 soon after buying an more 10,602 shares in the course of the past quarter. 98.99% of the inventory is at this time owned by hedge cash and other institutional traders.

AAP stock traded down $14.18 through buying and selling on Friday, reaching $181.89. 1,918,845 shares of the stock had been exchanged, when compared to its regular volume of 847,599. The firm’s 50 working day shifting common is $211.22 and its 200 day transferring normal is $221.83. Advance Car Elements has a twelve month minimal of $176.72 and a twelve month substantial of $244.55. The enterprise has a present ratio of 1.21, a rapid ratio of .31 and a financial debt-to-fairness ratio of .33. The company has a marketplace cap of $11.11 billion, a P/E ratio of 19.09, a cost-to-earnings-growth ratio of 1.12 and a beta of 1.22.

Advance Vehicle Parts Business Profile (Get Score)

Progress Vehicle Components, Inc provides automotive substitute elements, components, batteries, and routine maintenance items for domestic and imported cars, vans, activity utility vehicles, and mild and large obligation vehicles. The enterprise presents battery extras belts and hoses brakes and brake pads chassis and weather command areas clutches and drive shafts engines and motor elements exhaust techniques and components hub assemblies ignition components and wires radiators and cooling areas starters and alternators and steering and alignment pieces.

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