Advance Auto Elements (NYSE:AAP – Get Rating) up to date its FY 2022 earnings steerage on Monday. The corporate offered earnings per share steerage of $13.30-$13.85 for the interval, in comparison with the consensus earnings per share estimate of $13.70. The corporate issued income steerage of $11.20 billion-$11.50 billion, in comparison with the consensus income estimate of $11.40 billion.
Quite a few equities analysts have commented on the inventory. Truist Monetary lower their worth goal on shares of Advance Auto Elements from $276.00 to $238.00 and set a purchase score on the inventory in a report on Wednesday, Might twenty fifth. Guggenheim lower their goal worth on shares of Advance Auto Elements from $266.00 to $259.00 and set a purchase score on the inventory in a analysis word on Wednesday, Might twenty fifth. Morgan Stanley lower their goal worth on shares of Advance Auto Elements from $240.00 to $225.00 and set an equal weight score on the inventory in a analysis word on Tuesday, Might twenty fourth. UBS Group lower their goal worth on shares of Advance Auto Elements to $250.00 in a analysis word on Wednesday, Might twenty fifth. Lastly, Citigroup lower their goal worth on shares of Advance Auto Elements from $294.00 to $250.00 in a analysis word on Friday, Might thirteenth. Six equities analysis analysts have rated the inventory with a maintain score, ten have assigned a purchase score and one has assigned a powerful purchase score to the corporate. Based mostly on knowledge from MarketBeat, the inventory presently has a median score of Purchase and a consensus goal worth of $244.94.
NYSE AAP opened at $179.43 on Monday. The corporate has a 50-day transferring common worth of $204.58 and a two-hundred day transferring common worth of $216.80. The corporate has a present ratio of 1.20, a fast ratio of 0.25 and a debt-to-equity ratio of 0.41. The inventory has a market cap of $10.88 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.23. Advance Auto Elements has a 52 week low of $172.86 and a 52 week excessive of $244.55.
Advance Auto Elements (NYSE:AAP – Get Rating) final posted its quarterly earnings knowledge on Monday, Might twenty third. The corporate reported $3.57 earnings per share (EPS) for the quarter, lacking the consensus estimate of $3.59 by ($0.02). The corporate had income of $3.40 billion through the quarter, in comparison with the consensus estimate of $3.39 billion. Advance Auto Elements had a web margin of 5.16% and a return on fairness of 24.74%. The corporate’s income was up 2.1% on a year-over-year foundation. Throughout the identical quarter final 12 months, the enterprise earned $3.34 earnings per share. As a bunch, equities analysis analysts count on that Advance Auto Elements will submit 13.68 earnings per share for the present fiscal 12 months.
The enterprise additionally not too long ago disclosed a quarterly dividend, which shall be paid on Friday, July 1st. Stockholders of file on Friday, June seventeenth shall be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a dividend yield of three.34%. The ex-dividend date is Thursday, June sixteenth. Advance Auto Elements’s dividend payout ratio (DPR) is presently 66.82%.
A number of institutional traders have not too long ago purchased and offered shares of AAP. Covestor Ltd lifted its stake in Advance Auto Elements by 113.7% through the first quarter. Covestor Ltd now owns 156 shares of the corporate’s inventory valued at $32,000 after buying a further 83 shares over the past quarter. Penserra Capital Administration LLC lifted its stake in Advance Auto Elements by 19.6% through the fourth quarter. Penserra Capital Administration LLC now owns 281 shares of the corporate’s inventory valued at $67,000 after buying a further 46 shares over the past quarter. Virtu Monetary LLC acquired a brand new stake in Advance Auto Elements through the first quarter valued at roughly $209,000. Cetera Funding Advisers acquired a brand new stake in Advance Auto Elements through the fourth quarter valued at roughly $244,000. Lastly, Enlightenment Analysis LLC acquired a brand new stake in Advance Auto Elements through the first quarter valued at roughly $212,000. Institutional traders and hedge funds personal 98.99% of the corporate’s inventory.
Advance Auto Elements Firm Profile (Get Rating)
Advance Auto Elements, Inc offers automotive substitute components, equipment, batteries, and upkeep gadgets for home and imported vehicles, vans, sport utility autos, and lightweight and heavy responsibility vans. The corporate gives battery equipment; belts and hoses; brakes and brake pads; chassis and local weather management components; clutches and drive shafts; engines and engine components; exhaust methods and components; hub assemblies; ignition elements and wires; radiators and cooling components; starters and alternators; and steering and alignment components.
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