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

Advance Auto Parts (NYSE:AAP) is projected 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. Persons interested in participating in the company’s earnings conference call can do so using this link.

Advance Auto Parts Stock Performance

Shares of AAP opened at $44.71 on Wednesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a 50 day moving average price of $46.29 and a two-hundred day moving average price of $44.63. The firm has a market capitalization of $2.67 billion, a P/E ratio of 61.25, a P/E/G ratio of 2.23 and a beta of 1.15. Advance Auto Parts has a 52 week low of $35.59 and a 52 week high of $88.56.

Analysts Set New Price Targets

A number of brokerages have commented on AAP. The Goldman Sachs Group decreased their price objective on Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, November 15th. 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 report on Monday, January 6th. Royal Bank of Canada reduced their target price on Advance Auto Parts from $52.00 to $46.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. BMO Capital Markets assumed coverage on Advance Auto Parts in a report on Friday, December 13th. They issued a “market perform” rating and a $45.00 target price for the company. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $45.00 target price on shares of Advance Auto Parts in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.93.

Insider Buying and Selling at Advance Auto Parts

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction 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 sale, the executive vice president now owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is owned by corporate insiders.

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.