Earnings results for Advance Auto Parts Stock Forecast, Price & News (NYSE:AAP)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has increased over the past week from 1.88 to 1.93(2.66%) and increased over the past month from 1.82 to 1.93(6.04%). Of the 3 analysts making quarterly forecasts, 3raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has increased over the past week from 6.45 to 6.54(1.40%) and increased over the past month from 6.41 to 6.45(0.62%). Of the 3 analysts making yearly forecasts, 3raised and none lowered their forecast.
Advance Auto Parts last announced its quarterly earnings data on May 19th, 2020. The reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by $0.84. The company earned $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Its revenue for the quarter was down 8.6% compared to the same quarter last year. Advance Auto Parts has generated $8.19 earnings per share over the last year and currently has a price-to-earnings ratio of 29.3. Advance Auto Parts has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.
Analyst Opinion on Advance Auto Parts Stock Forecast, Price & News (NYSE:AAP)
20 Wall Street analysts have issued ratings and price targets for Advance Auto Parts in the last 12 months. Their average twelve-month price target is $145.11, predicting that the stock has a possible downside of 9.87%. The high price target for AAP is $188.00 and the low price target for AAP is $107.00. There are currently 1 sell rating, 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Advance Auto Parts has received a consensus rating of Hold. The company’s average rating score is 2.45, and is based on 10 buy ratings, 9 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $145.11, Advance Auto Parts has a forecasted downside of 9.9% from its current price of $161.00. Advance Auto Parts has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Dividend Strength: Advance Auto Parts Stock Forecast, Price & News (NYSE:AAP)
Advance Auto Parts has a dividend yield of 0.63%, which is in the bottom 25% of all stocks that pay dividends. Advance Auto Parts has only been increasing its dividend for 1 years. The dividend payout ratio of Advance Auto Parts is 12.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Advance Auto Parts will have a dividend payout ratio of 11.85% next year. This indicates that Advance Auto Parts will be able to sustain or increase its dividend.
Insiders buying/selling: Advance Auto Parts Stock Forecast, Price & News (NYSE:AAP)
In the past three months, Advance Auto Parts insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $114,687.00 in company stock. Only 4.10% of the stock of Advance Auto Parts is held by insiders. 96.82% of the stock of Advance Auto Parts is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Advance Auto Parts Stock Forecast, Price & News (NYSE:AAP
Earnings for Advance Auto Parts are expected to grow by 30.85% in the coming year, from $6.45 to $8.44 per share. The P/E ratio of Advance Auto Parts is 29.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of Advance Auto Parts is 29.33, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.67. Advance Auto Parts has a PEG Ratio of 2.21. PEG Ratios above 1 indicate that a company could be overvalued. Advance Auto Parts has a P/B Ratio of 3.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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