Advance Auto Parts (AAP) to Release Quarterly Earnings on Wednesday

Advance Auto Parts (NYSE:AAP - Get Free Report) will likely be posting its Q4 2024 quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Advance Auto Parts to post earnings of ($1.39) per share and revenue of $1.93 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

Advance Auto Parts Stock Down 2.0 %

Shares of NYSE:AAP traded down $0.75 during trading hours on Thursday, reaching $36.96. The stock had a trading volume of 4,856,264 shares, compared to its average volume of 2,097,127. Advance Auto Parts has a 1 year low of $35.59 and a 1 year high of $88.56. The firm's 50 day moving average is $46.11 and its 200-day moving average is $43.93. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.62 and a current ratio of 1.34. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 50.62, a P/E/G ratio of 1.98 and a beta of 1.15.

Advance Auto Parts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, April 11th. Advance Auto Parts's dividend payout ratio is presently 136.99%.

Analyst Ratings Changes

A number of equities research analysts have commented on AAP shares. Wells Fargo & Company increased their price objective on shares of Advance Auto Parts from $40.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Truist Financial dropped their target price on shares of Advance Auto Parts from $39.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and issued a $55.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. DA Davidson reaffirmed a "neutral" rating and issued a $45.00 target price on shares of Advance Auto Parts in a research report on Friday, November 15th. Finally, Barclays dropped their target price on shares of Advance Auto Parts from $66.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $46.69.

Insider Activity

In other news, EVP Tammy M. Finley sold 1,276 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 24,266 shares in the company, valued at $1,069,159.96. This represents a 5.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company's stock.

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.