Advance Auto Parts (NYSE:AAP) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $10.20 billion-$10.40 billion, compared to the consensus revenue estimate of $10.28 billion.

NYSE:AAP traded up $2.15 during trading hours on Tuesday, hitting $204.01. 15,458 shares of the stock were exchanged, compared to its average volume of 982,595. The company has a market cap of $13.37 billion, a P/E ratio of 29.34, a P/E/G ratio of 1.31 and a beta of 1.27. The company has a current ratio of 1.38, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Advance Auto Parts has a 52-week low of $115.00 and a 52-week high of $203.63. The firm’s fifty day moving average price is $188.94 and its 200 day moving average price is $165.97.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Monday, February 15th. The company reported $1.87 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.97 by ($0.10). Advance Auto Parts had a net margin of 4.84% and a return on equity of 15.75%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. Equities analysts expect that Advance Auto Parts will post 8.57 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 2nd. Investors of record on Friday, June 18th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Thursday, June 17th. This is a boost from Advance Auto Parts’s previous quarterly dividend of $0.25. This represents a $4.00 dividend on an annualized basis and a yield of 1.96%. Advance Auto Parts’s dividend payout ratio is currently 12.21%.

A number of research analysts have commented on the stock. Raymond James upped their target price on shares of Advance Auto Parts from $175.00 to $215.00 and gave the company an outperform rating in a research report on Tuesday, April 27th. Wedbush upped their price target on Advance Auto Parts from $210.00 to $230.00 and gave the stock an outperform rating in a research note on Wednesday, April 28th. Wells Fargo & Company lifted their price objective on Advance Auto Parts from $185.00 to $200.00 and gave the company an equal weight rating in a research note on Monday, April 19th. Citigroup increased their target price on Advance Auto Parts from $193.00 to $228.00 in a research note on Wednesday, April 21st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price objective on shares of Advance Auto Parts from $193.00 to $228.00 in a research note on Wednesday, April 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $182.35.

Advance Auto Parts Company Profile

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.

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Earnings History and Estimates for Advance Auto Parts (NYSE:AAP)

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