Advance Auto Parts, Inc. (AAP) Q1 Earnings Miss As Comps Fall 2.7%
- Author: Zachary Reyes May 24, 2017,
May 24, 2017, 17:08
The Company's Industrial segment is primarily involved in the design, manufacture and distribution of branded hydraulic and mechanical tools to the maintenance, industrial, infrastructure and production automation markets.
The company, a leading provider in North America of aftermarket automotive parts, attributed the decline in sales and earnings to factors that included revenues lost during this year's first quarter because of the New Year's Day holiday and higher demand at the end of the fourth quarter because of winter weather in December that "pulled sales forward into the fourth quarter".
Now we'll take a look at how the fundamentals are stacking up for Sorl Auto Parts Inc (SORL).
Kanaly holds 720 shares. Northern Corp has invested 0.04% in Advance Auto Parts, Inc. Over the trailing year, the stock is underperforming the S&P 500 by 14.05, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. About 2.19 million shares traded or 114.71% up from the average. Veritable Lp has 0.01% invested in Advance Auto Parts, Inc. (NYSE:AAP) rating on Wednesday, August 5. It has underperformed by 11.18% the S&P500. D E Shaw Inc reported 395,406 shares. (NYSE:AAP) for 219,234 shares. Home Capital Group Inc. has $42 highest and $10 lowest target. (NYSE:AAP). Bnp Paribas Investment Prns accumulated 0.01% or 3,672 shares. The insider Greco Thomas bought $1.00M.
Investors sentiment increased to 1.05 in 2016 Q4. Its down 0.15, from 1.4 in 2016Q3. (NYSE:AAP) for 238 shares. 75 funds opened positions while 146 raised stakes. Bb&T Securities Ltd holds 1.46% or 1.92 million shares in its portfolio. Dubuque Commercial Bank & Co has invested 0% of its portfolio in Advance Auto Parts, Inc. Timber Hill Ltd Liability reported 20,197 shares. (NYSE:AAP). Panagora Asset Incorporated invested 0% in Advance Auto Parts, Inc. Louisiana State Employees Retirement Systems has 4,600 shares for 0.04% of their portfolio. 2,225 were reported by Burney. (NYSE:AAP). Cibc Asset Mngmt has 19,296 shares. (NYSE:CIE) Its share price has grown -63.59% in three months and is up 7.87% for the last five trades. (NYSE:AAP) for 478,205 shares. Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. (NYSE:AAP). Moreover, Security Tru has 0% invested in Advance Auto Parts, Inc.
Advance Auto Parts, Inc.'s shares may have great momentum, but how has it been performing relative to the market?
Janus Mgmt Limited Liability Company accumulated 8,989 shares. Therefore 57% are positive. The rating was maintained by Wedbush with "Outperform" on Wednesday, February 22. Macquarie Research upgraded the stock to "Outperform" rating in Monday, June 6 report. The firm has "Buy" rating by Sterne Agee CRT given on Friday, August 14. Facebook had 120 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:AAP). 364,589 were reported by Eaton Vance.
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About 102,385 shares traded. (NYSE:AAP) has risen 5.52% since May 23, 2016 and is uptrending.
Ratings analysis reveals 33% of Actuant's analysts are positive. At recent closing price of $7.13, SORL has a chance to add $0.87 or 12.2% in 52 weeks, based on mean target price ($8) placed by analysts.The analyst consensus opinion of 2 looks like a hold. The stock carved out a 52-week low down at $134.08. While the stock price moved along with the volume change, shares are touching $1.10. (NYSE:AAP) on Thursday, September 8 with "Outperform" rating. UBS has "Buy" rating and $200 target. (NYSE:AAP) rating on Friday, May 6. The firm earned "Underweight" rating on Monday, October 24 by Barclays Capital. The firm has "Neutral" rating given on Friday, January 8 by Macquarie Research. Finemark Fincl Bank And Trust holds 0% or 278 shares in its portfolio. Following the completion of the sale, the senior vice president now owns 17,155 shares of the company's stock, valued at $2,621,798.65. Mean recommendation on this stock is 1.90. Contravisory Investment Management Inc sold 3,237 shares as Facebook Inc.