Analysts Offer Predictions for Amazon.com, Inc.’s Q2 2018 Earnings (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Jefferies Group lowered their Q2 2018 EPS estimates for Amazon.com in a report released on Tuesday. Jefferies Group analyst B. Thill now expects that the e-commerce giant will post earnings of $1.42 per share for the quarter, down from their previous estimate of $1.48. Jefferies Group has a “Buy” rating and a $1,850.00 price objective on the stock. Jefferies Group also issued estimates for Amazon.com’s FY2019 earnings at $15.62 EPS.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.31. The business had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.54 earnings per share.
Amazon.com (NASDAQ AMZN) opened at $1,588.18 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $773,792.13, a price-to-earnings ratio of 258.24, a price-to-earnings-growth ratio of 7.03 and a beta of 1.54. Amazon.com has a 52-week low of $833.50 and a 52-week high of $1,617.54.
A number of institutional investors have recently made changes to their positions in AMZN. Janus Henderson Group PLC grew its position in shares of Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after buying an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares in the last quarter. Truepoint Inc. grew its position in shares of Amazon.com by 94,448.7% during the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock worth $573,000 after buying an additional 572,359 shares in the last quarter. BlackRock Inc. grew its position in shares of Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after buying an additional 457,300 shares in the last quarter. 60.22% of the stock is currently owned by institutional investors.
In related news, CEO Jeffrey A. Wilke sold 250 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,714 shares of company stock worth $8,462,195 over the last ninety days. Insiders own 17.00% of the company’s stock.
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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