What is Roth Capital’s Estimate for AAP Q3 Earnings?

Advance Auto Parts, Inc. (NYSE:AAP) – Roth Capital issued their Q3 2024 earnings estimates for shares of Advance Auto Parts in a report released on Tuesday, October 15th. Roth Capital analyst S. Stember expects that the company will post earnings per share of $0.42 for the quarter. Roth Capital has a “Hold” rating on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is $2.19 per share. Roth Capital also issued estimates for Advance Auto Parts’ Q4 2024 earnings at $0.36 EPS, Q1 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.67 EPS and FY2026 earnings at $3.50 EPS.

A number of other brokerages have also commented on AAP. Mizuho reissued a “neutral” rating and set a $38.00 price objective (down previously from $45.00) on shares of Advance Auto Parts in a report on Thursday, September 12th. TD Cowen dropped their price target on shares of Advance Auto Parts from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, August 23rd. Roth Mkm reaffirmed a “neutral” rating and set a $40.00 price objective on shares of Advance Auto Parts in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of Advance Auto Parts from $50.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Friday, September 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Advance Auto Parts from $68.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Advance Auto Parts has an average rating of “Hold” and a consensus price target of $55.36.

Advance Auto Parts Price Performance

Shares of AAP opened at $39.36 on Thursday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.30 and a current ratio of 1.23. The firm has a market cap of $2.35 billion, a PE ratio of 57.04, a PEG ratio of 1.25 and a beta of 1.16. The firm’s 50 day moving average price is $45.26 and its 200 day moving average price is $60.17. Advance Auto Parts has a twelve month low of $36.40 and a twelve month high of $88.56.

Advance Auto Parts (NYSE:AAP) last issued its earnings results on Thursday, August 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.22). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.67 billion. Advance Auto Parts had a net margin of 0.01% and a return on equity of 0.05%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $1.43 EPS.

Advance Auto Parts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Friday, October 11th. Advance Auto Parts’s dividend payout ratio is currently 144.93%.

Institutional Trading of Advance Auto Parts

Several institutional investors and hedge funds have recently bought and sold shares of the business. BW Gestao de Investimentos Ltda. acquired a new position in Advance Auto Parts during the second quarter worth about $7,916,000. Renaissance Technologies LLC increased its stake in shares of Advance Auto Parts by 26.9% in the second quarter. Renaissance Technologies LLC now owns 185,450 shares of the company’s stock valued at $11,745,000 after buying an additional 39,300 shares during the period. AQR Capital Management LLC raised its holdings in Advance Auto Parts by 31.0% in the 2nd quarter. AQR Capital Management LLC now owns 233,521 shares of the company’s stock valued at $14,740,000 after buying an additional 55,226 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Advance Auto Parts during the 1st quarter worth approximately $1,172,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Advance Auto Parts by 24.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 77,031 shares of the company’s stock worth $6,555,000 after acquiring an additional 15,093 shares during the last quarter. Institutional investors own 88.75% of the company’s stock.

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.