Advance Auto Parts (AAP) Projected to Post Earnings on Wednesday

Advance Auto Parts (NYSE:AAP) is anticipated to release 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. Parties that are interested in registering for the company’s conference call can do so using this link.

Advance Auto Parts Trading Down 2.0 %

NYSE AAP opened at $43.46 on Monday. Advance Auto Parts has a 12-month low of $35.59 and a 12-month high of $88.56. The company has a fifty day simple moving average of $46.21 and a two-hundred day simple moving average of $44.20. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.60 billion, a P/E ratio of 59.53, a P/E/G ratio of 2.02 and a beta of 1.15.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup raised their target price on Advance Auto Parts from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays reduced their price objective on Advance Auto Parts from $66.00 to $54.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Wells Fargo & Company upped their target price on Advance Auto Parts from $40.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group dropped their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, DA Davidson reiterated a “neutral” rating and issued a $45.00 price objective on shares of Advance Auto Parts in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $47.88.

Insider Transactions at Advance Auto Parts

In related news, EVP Tammy M. Finley sold 1,276 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $44.06, for a total value of $56,220.56. Following the completion of the transaction, the executive vice president now owns 24,266 shares of the company’s stock, valued at approximately $1,069,159.96. This represents a 5.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.

About Advance Auto Parts

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.