Advance Auto Parts (NYSE:AAP) Releases Earnings Results, Beats Expectations By $0.21 EPS

Advance Auto Parts (NYSE:AAP - Get Free Report) posted its earnings results on Wednesday. The company reported ($1.18) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.21, Zacks reports. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.93 billion. Advance Auto Parts updated its FY 2025 guidance to 1.500-2.500 EPS.

Advance Auto Parts Price Performance

Shares of AAP stock traded down $0.06 during trading hours on Friday, hitting $36.90. 3,386,484 shares of the company's stock were exchanged, compared to its average volume of 2,130,220. The company has a market capitalization of $2.20 billion, a PE ratio of 50.55, a PEG ratio of 1.98 and a beta of 1.15. Advance Auto Parts has a 12-month low of $35.59 and a 12-month high of $88.56. The business's 50 day simple moving average is $45.88 and its 200-day simple moving average is $43.74. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69.

Advance Auto Parts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio (DPR) is presently 136.99%.

Insiders Place Their Bets

In related news, EVP Tammy M. Finley sold 1,276 shares of Advance Auto Parts stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $44.06, for a total value of $56,220.56. Following the transaction, the executive vice president now directly owns 24,266 shares of the company's stock, valued at $1,069,159.96. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Advance Auto Parts from $60.00 to $43.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Citigroup cut their price objective on shares of Advance Auto Parts from $47.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday. DA Davidson restated a "neutral" rating and issued a $45.00 price objective on shares of Advance Auto Parts in a research report on Friday, November 15th. Truist Financial cut their price objective on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday. Finally, Royal Bank of Canada dropped their target price on shares of Advance Auto Parts from $50.00 to $44.00 and set a "sector perform" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Advance Auto Parts has a consensus rating of "Hold" and a consensus price target of $46.69.

About Advance Auto Parts

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.