Amazon.com, Inc. (AMZN) to Post FY2017 Earnings of $3.43 Per Share, Cantor Fitzgerald Forecasts
Amazon.com, Inc. (NASDAQ:AMZN) – Cantor Fitzgerald issued their FY2017 earnings per share (EPS) estimates for shares of Amazon.com in a research note issued to investors on Tuesday. Cantor Fitzgerald analyst K. Paulson forecasts that the e-commerce giant will post earnings per share of $3.43 for the year. Cantor Fitzgerald currently has a “Buy” rating and a $1,150.00 target price on the stock. Cantor Fitzgerald also issued estimates for Amazon.com’s FY2018 earnings at $7.95 EPS.
Several other research analysts have also recently weighed in on AMZN. UBS AG reiterated a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a research note on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $1,275.00 price target on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Finally, Needham & Company LLC set a $1,150.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-six have assigned a buy rating and two have given a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and an average target price of $1,092.58.
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Amazon.com (NASDAQ:AMZN) opened at 965.90 on Thursday. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31. The stock has a market cap of $464.00 billion, a P/E ratio of 245.65 and a beta of 1.47. The company has a 50-day moving average price of $983.17 and a 200 day moving average price of $944.52.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS 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 firm had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter in the previous year, the company posted $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% on a year-over-year basis.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total value of $699,527.50. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $9,852,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now directly owns 6,533 shares of the company’s stock, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last three months, insiders sold 9,793 shares of company stock valued at $9,574,377. Insiders own 17.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Osborn Williams & Donohoe LLC boosted its stake in shares of Amazon.com by 1.1% in the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after purchasing an additional 10 shares during the period. Reinhart Partners Inc. boosted its stake in shares of Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after purchasing an additional 316 shares during the period. Hengehold Capital Management LLC boosted its stake in shares of Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after purchasing an additional 13 shares during the period. Boston Advisors LLC boosted its stake in shares of Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after purchasing an additional 10,014 shares during the period. Finally, CAPROCK Group Inc. boosted its stake in shares of Amazon.com by 9.2% in the first quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after purchasing an additional 298 shares during the period. 60.80% of the stock is owned by institutional investors and hedge funds.
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.
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