Amazon.com, Inc. (AMZN) Forecasted to Post Q3 2017 Earnings of $0.19 Per Share
Amazon.com, Inc. (NASDAQ:AMZN) – DA Davidson issued their Q3 2017 earnings per share (EPS) estimates for Amazon.com in a report released on Wednesday. DA Davidson analyst T. Forte forecasts that the e-commerce giant will earn $0.19 per share for the quarter. DA Davidson currently has a “Buy” rating and a $1,300.00 target price on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $2.35 EPS, FY2017 earnings at $4.42 EPS, FY2018 earnings at $10.82 EPS, FY2019 earnings at $16.73 EPS, FY2020 earnings at $24.71 EPS and FY2021 earnings at $32.91 EPS.
Other equities research analysts also recently issued research reports about the stock. UBS AG reissued a “buy” rating and issued a $1,100.00 target price on shares of Amazon.com in a research note on Wednesday, June 21st. TheStreet downgraded shares of Amazon.com from a “b-” rating to a “c+” rating in a research note on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday. Finally, KeyCorp reissued a “hold” rating on shares of Amazon.com in a research note on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have given a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $1,092.58.
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Shares of Amazon.com (NASDAQ:AMZN) opened at 977.96 on Monday. The firm has a 50-day moving average of $981.92 and a 200-day moving average of $946.48. The company has a market cap of $469.79 billion, a price-to-earnings ratio of 248.72 and a beta of 1.47. Amazon.com has a one year low of $710.10 and a one year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. Amazon.com’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the business earned $1.78 EPS.
Institutional investors and hedge funds have recently modified their holdings of the stock. Osborn Williams & Donohoe LLC raised its holdings in Amazon.com by 1.1% in the 2nd quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after buying an additional 10 shares during the period. Reinhart Partners Inc. raised its holdings in Amazon.com by 66.8% in the 1st quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after buying an additional 316 shares during the period. Hengehold Capital Management LLC raised its holdings in Amazon.com by 3.5% in the 1st quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the period. Boston Advisors LLC raised its holdings in Amazon.com by 11.8% in the 1st quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the period. Finally, CAPROCK Group Inc. raised its holdings in Amazon.com by 9.2% in the 1st quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after buying an additional 298 shares during the period. Hedge funds and other institutional investors own 60.80% of the company’s stock.
In related news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction dated 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 directly owns 6,533 shares in the company, valued at approximately $6,444,935.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 710 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,793 shares of company stock worth $9,574,377. 17.70% of the stock is owned by insiders.
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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