Progress Vehicle Elements, Inc. (NYSE:AAP – Get Ranking) – Wedbush issued their FY2024 EPS estimates for shares of Progress Car Sections in a report released on Monday, April 11th. Wedbush analyst S. Basham anticipates that the organization will write-up earnings per share of $18.20 for the calendar year.
Advance Auto Components (NYSE:AAP – Get Rating) previous produced its quarterly earnings information on Monday, February 14th. The business claimed $2.07 EPS for the quarter, beating the consensus estimate of $1.97 by $.10. Advance Car Components had a return on fairness of 23.63% and a net margin of 5.60%. The organization had profits of $2.40 billion for the quarter, as opposed to analysts’ expectations of $2.37 billion. Throughout the very same interval previous calendar year, the business posted $1.87 earnings for each share. Progress Vehicle Parts’s earnings was up 1.3% when compared to the identical quarter previous calendar year.
AAP has been the topic of many other reports. Truist Monetary commenced protection on Progress Car Sections in a research report on Thursday, January 13th. They established a “buy” rating and a $273.00 cost goal on the stock. Citigroup elevated their rate objective on Progress Auto Pieces from $290.00 to $294.00 and gave the company a “buy” score in a investigation report on Wednesday, February 16th. Wells Fargo & Company lowered their focus on rate on Advance Car Sections from $255.00 to $245.00 and set an “equal weight” ranking on the inventory in a report on Tuesday, February 15th. DA Davidson improved their target price tag on Progress Automobile Parts from $250.00 to $260.00 in a report on Thursday, December 30th. Eventually, JPMorgan Chase & Co. elevated their focus on rate on Advance Auto Components from $276.00 to $280.00 in a report on Friday, February 11th. Five expense analysts have rated the inventory with a maintain score, twelve have specified a invest in rating and just one has assigned a sturdy buy ranking to the firm. According to information from MarketBeat, Advance Vehicle Areas at this time has an average rating of “Buy” and a consensus cost target of $256.65.
Advance Vehicle Components inventory opened at $221.88 on Wednesday. The enterprise has a debt-to-fairness ratio of .33, a latest ratio of 1.21 and a swift ratio of .31. Advance Automobile Sections has a 1 yr minimal of $185.44 and a just one calendar year significant of $244.55. The inventory has a industry capitalization of $13.55 billion, a PE ratio of 23.28, a price tag-to-earnings-progress ratio of 1.29 and a beta of 1.29. The business’s fifty working day relocating normal is $213.13 and its 200 day moving regular is $223.58.
The agency also not too long ago introduced a quarterly dividend, which was paid out on Friday, April 1st. Buyers of report on Friday, March 18th had been compensated a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a produce of 2.70%. The ex-dividend day was Thursday, March 17th. This is an boost from Progress Auto Parts’s earlier quarterly dividend of $1.00. Advance Car Parts’s dividend payout ratio (DPR) is 62.96%.
Institutional investors and hedge cash have a short while ago modified their holdings of the inventory. Life Preparing Partners Inc purchased a new stake in Advance Car Parts during the 4th quarter valued at approximately $30,000. Huntington Nationwide Financial institution grew its holdings in Progress Car Elements by 116.8% through the 4th quarter. Huntington National Financial institution now owns 219 shares of the company’s stock valued at $53,000 following buying an extra 118 shares in the past quarter. Tobam grew its holdings in Advance Car Components by 466.7% through the 3rd quarter. Tobam now owns 238 shares of the company’s inventory valued at $50,000 soon after getting an added 196 shares in the final quarter. Geneos Prosperity Administration Inc. grew its holdings in Advance Car Components by 23.9% in the course of the 3rd quarter. Geneos Wealth Administration Inc. now owns 259 shares of the company’s inventory valued at $53,000 immediately after shopping for an extra 50 shares in the past quarter. Last but not least, Initial Horizon Advisors Inc. grew its holdings in Advance Car Areas by 423.5% in the course of the 3rd quarter. Very first Horizon Advisors Inc. now owns 267 shares of the company’s inventory valued at $39,000 following getting an added 216 shares in the very last quarter. 97.61% of the inventory is now owned by institutional traders.
Progress Auto Elements Organization Profile (Get Ranking)
Progress Automobile Components, Inc delivers automotive substitution components, equipment, batteries, and routine maintenance objects for domestic and imported autos, vans, activity utility vehicles, and mild and significant duty trucks. The firm presents battery accessories belts and hoses brakes and brake pads chassis and climate command parts clutches and push shafts engines and motor areas exhaust techniques and sections hub assemblies ignition factors and wires radiators and cooling areas starters and alternators and steering and alignment components.
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