Advance Auto Parts (NYSE:AAP – Get Rating) is set to release earnings data after market close on Monday, May 23. Analysts expect Advance Auto Parts to post earnings of $3.50 per share for the quarter. Those interested in participating in the company’s earnings conference call can do so using this link.

Advance Auto Parts (NYSE:AAP – Get Rating) last released quarterly earnings data on Monday, February 14. The company reported EPS of $2.07 for the quarter, beating the consensus estimate of $1.97 by $0.10. The company posted revenue of $2.40 billion in the quarter, versus analyst estimates of $2.37 billion. Advance Auto Parts had a net margin of 5.60% and a return on equity of 23.63%. Advance Auto Parts’ quarterly sales increased 1.3% compared to the same quarter last year. In the same quarter last year, the company earned earnings per share of $1.87. On average, analysts expect Advance Auto Parts to post EPS of $14 for the current fiscal year and EPS of $16 for the next fiscal year.

Advance Auto Parts stock opened at $211.21 on Monday. The company has a 50-day moving average price of $211.42 and a 200-day moving average price of $222.66. The company has a market capitalization of $12.90 billion, a PE ratio of 22.16, a growth price-earnings ratio of 1.20 and a beta of 1.22. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt ratio of 0.33. Advance Auto Parts has a 12 month minimum of $187.16 and a 12 month maximum of $244.55.

Hedge funds have recently changed their stakes in the company. Cetera Investment Advisers purchased a new stake in shares of Advance Auto Parts during the fourth quarter, valued at approximately $244,000. MML Investors Services LLC increased its equity stake in Advance Auto Parts by 14.1% in the fourth quarter. MML Investors Services LLC now owns 6,558 shares of the company valued at $1,573,000 after purchasing an additional 810 shares last quarter. Synovus Financial Corp bought a new position in shares of Advance Auto Parts in the fourth quarter worth $488,000. Advisors Asset Management Inc. increased its equity stake in Advance Auto Parts by 28.8% in the fourth quarter. Advisors Asset Management Inc. now owns 12,045 shares of the company valued at $2,889,000 after purchasing an additional 2,694 shares last quarter. Finally, Metropolitan Life Insurance Co NY increased its equity stake in Advance Auto Parts by 11.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,137 shares of the company valued at $1,712,000 after purchasing an additional 743 shares last quarter. Institutional investors hold 98.99% of the company’s shares.

A number of research analysts have commented on AAP shares. StockNews.com downgraded shares of Advance Auto Parts from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised its price target on shares of Advance Auto Parts from $276.00 to $280.00 in a Friday, Feb. 11 research note. Citigroup cut its price target on shares of Advance Auto Parts from $294.00 to $250.00 in a research note on Friday. Royal Bank of Canada began covering shares of Advance Auto Parts in a research note on Thursday, January 27. They issued an “industry performance” rating and a target price of $239.00 for the company. Finally, Morgan Stanley raised its price target on Advance Auto Parts shares from $235.00 to $240.00 and gave the company an “equal weight” rating in a Wednesday, Feb. 16 research report. . Six analysts gave the stock a hold rating, ten gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, Advance Auto Parts currently has an average rating of “Buy” and a consensus price target of $255.75.

Advance Auto Parts Company Profile (Get a rating)

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy trucks. The company offers drum accessories; belts and pipes; brakes and brake pads; chassis and air conditioning 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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