Equities research analysts expect Amazon.com (NASDAQ:AMZN) to post $2.50 earnings per share for the current fiscal quarter, according to Zacks. Fourteen analysts have provided estimates for Amazon.com’s earnings, with the highest EPS estimate coming in at $3.16 and the lowest estimate coming in at $1.53. Amazon.com reported earnings of $0.40 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 525%. The firm is scheduled to report its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Amazon.com will report full year earnings of $12.74 per share for the current financial year, with EPS estimates ranging from $9.36 to $17.68. For the next financial year, analysts anticipate that the firm will report earnings of $20.30 per share, with EPS estimates ranging from $10.00 to $31.17. Zacks’ EPS averages are an average based on a survey of research analysts that cover Amazon.com.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.80 by $1.47. The firm had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The business’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS.
A number of research analysts recently issued reports on the company. Macquarie reiterated a “buy” rating on shares of Amazon.com in a research note on Friday. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday. Canaccord Genuity reiterated a “buy” rating and set a $1,800.00 price objective (up from $1,650.00) on shares of Amazon.com in a research note on Friday, April 27th. Morningstar reiterated a “neutral” rating on shares of Amazon.com in a research note on Wednesday, May 2nd. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday. Two analysts have rated the stock with a hold rating, fifty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,715.55.
In related news, VP Shelley Reynolds sold 435 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the sale, the vice president now owns 6,408 shares in the company, valued at approximately $10,111,952.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,574.33, for a total value of $2,717,293.58. Following the sale, the chief executive officer now owns 86,419 shares in the company, valued at approximately $136,052,024.27. The disclosure for this sale can be found here. Insiders have sold a total of 10,493 shares of company stock worth $16,569,014 in the last 90 days. 16.30% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Broadleaf Partners LLC purchased a new stake in Amazon.com in the fourth quarter worth $6,772,000. Bank of Montreal Can increased its stake in Amazon.com by 9.6% in the fourth quarter. Bank of Montreal Can now owns 558,105 shares of the e-commerce giant’s stock worth $652,687,000 after purchasing an additional 48,847 shares during the period. Kistler Tiffany Companies LLC increased its stake in Amazon.com by 15.2% in the fourth quarter. Kistler Tiffany Companies LLC now owns 486 shares of the e-commerce giant’s stock worth $568,000 after purchasing an additional 64 shares during the period. Suntrust Banks Inc. increased its stake in Amazon.com by 14.9% in the fourth quarter. Suntrust Banks Inc. now owns 67,992 shares of the e-commerce giant’s stock worth $79,513,000 after purchasing an additional 8,806 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Amazon.com by 3.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,318,212 shares of the e-commerce giant’s stock worth $1,267,264,000 after purchasing an additional 38,178 shares during the period. Institutional investors own 56.62% of the company’s stock.
Shares of Amazon.com traded down $14.55, reaching $1,715.67, during mid-day trading on Friday, MarketBeat reports. 4,075,124 shares of the company traded hands, compared to its average volume of 3,432,019. The company has a market cap of $839.55 billion, a PE ratio of 377.07, a price-to-earnings-growth ratio of 4.50 and a beta of 1.59. The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. Amazon.com has a 52 week low of $931.75 and a 52 week high of $1,763.10.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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