Advance Auto Parts (AAP) Expected to Announce Earnings on Wednesday

Advance Auto Parts (NYSE:AAP) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Advance Auto Parts to post earnings of ($1.39) per share and revenue of $1.93 billion for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Advance Auto Parts Trading Down 6.6 %

NYSE AAP opened at $44.71 on Wednesday. The business’s 50-day moving average price is $46.29 and its two-hundred day moving average price is $44.63. Advance Auto Parts has a 12 month low of $35.59 and a 12 month high of $88.56. The firm has a market capitalization of $2.67 billion, a PE ratio of 61.25, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAP. Barclays reduced their price target on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. DA Davidson reissued a “neutral” rating and issued a $45.00 price objective on shares of Advance Auto Parts in a research note on Friday, November 15th. Royal Bank of Canada dropped their price objective on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Evercore ISI boosted their price objective on Advance Auto Parts from $45.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group dropped their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.93.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $44.06, for a total transaction of $56,220.56. Following the completion of the sale, the executive vice president now directly owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.35% of the stock is owned by company insiders.

Advance Auto Parts Company Profile

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 duty trucks. The company 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.