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

Advance Auto Parts (NYSE:AAP) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of ($1.39) per share and revenue of $1.93 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Advance Auto Parts Price Performance

Shares of AAP stock opened at $43.46 on Monday. The stock has a 50 day moving average price of $46.21 and a 200 day moving average price of $44.20. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. Advance Auto Parts has a 52-week low of $35.59 and a 52-week high of $88.56.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAP shares. DA Davidson reissued a “neutral” rating and set a $45.00 target price on shares of Advance Auto Parts in a research note on Friday, November 15th. Wedbush reissued an “outperform” rating and issued a $55.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. BMO Capital Markets assumed coverage on shares of Advance Auto Parts in a research note on Friday, December 13th. They issued a “market perform” rating and a $45.00 target price on the stock. The Goldman Sachs Group decreased their price target on shares of Advance Auto Parts from $60.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, UBS Group increased their price objective on Advance Auto Parts from $42.00 to $44.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Advance Auto Parts currently has an average rating of “Hold” and an average price target of $47.88.

Insider Buying and Selling

In other Advance Auto Parts news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company 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.