Amazon.com, Inc. (AMZN) Expected to Earn Q2 2018 Earnings of $1.45 Per Share
Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at KeyCorp issued their Q2 2018 EPS estimates for Amazon.com in a research note issued on Monday. KeyCorp analyst E. Yruma forecasts that the e-commerce giant will earn $1.45 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Amazon.com’s Q3 2018 earnings at $1.19 EPS.
AMZN has been the topic of several other research reports. Instinet lowered their price objective on shares of Amazon.com from $1,100.00 to $975.00 and set a “buy” rating on the stock in a research report on Friday, June 16th. Loop Capital restated a “buy” rating on shares of Amazon.com in a research report on Thursday, June 8th. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 price objective on the stock. in a research report on Tuesday, July 18th. J P Morgan Chase & Co restated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Amazon.com in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $1,080.08.
TRADEMARK VIOLATION WARNING: “Amazon.com, Inc. (AMZN) Expected to Earn Q2 2018 Earnings of $1.45 Per Share” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/31/amazon-com-inc-amzn-expected-to-earn-q2-2018-earnings-of-1-45-per-share.html.
Shares of Amazon.com (NASDAQ AMZN) opened at 967.59 on Wednesday. The stock has a 50 day moving average price of $993.73 and a 200 day moving average price of $935.81. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The company has a market capitalization of $464.81 billion, a price-to-earnings ratio of 246.08 and a beta of 1.48.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis.
In other news, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $10,106,400. The disclosure for this sale can be found here. In the last three months, insiders sold 14,463 shares of company stock worth $14,294,906. Insiders own 17.70% of the company’s stock.
Several large investors have recently made changes to their positions in AMZN. Griffin Asset Management Inc. purchased a new stake in shares of Amazon.com during the second quarter valued at $716,000. Achmea Investment Management B.V. increased its stake in shares of Amazon.com by 22.9% in the second quarter. Achmea Investment Management B.V. now owns 15,274 shares of the e-commerce giant’s stock valued at $14,782,000 after buying an additional 2,847 shares in the last quarter. United Bank VA purchased a new stake in shares of Amazon.com during the second quarter valued at $213,000. Paradigm Financial Advisors LLC increased its stake in shares of Amazon.com by 5.9% in the second quarter. Paradigm Financial Advisors LLC now owns 357 shares of the e-commerce giant’s stock valued at $346,000 after buying an additional 20 shares in the last quarter. Finally, Kimelman & Baird LLC increased its stake in shares of Amazon.com by 0.4% in the second quarter. Kimelman & Baird LLC now owns 28,451 shares of the e-commerce giant’s stock valued at $27,541,000 after buying an additional 127 shares in the last quarter. 60.79% of the stock is currently owned by institutional investors and hedge funds.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Stock Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related stocks with our FREE daily email newsletter.