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11900.0
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2013-12-17 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for December 18, 2013
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-december-18-2013-2013-12-17
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 18, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on January 03, 2014. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 32nd quarter that AAP has paid the same dividend. At the current stock price of $109.27, the dividend yield is .22%.
The previous trading day's last sale of AAP was $109.27, representing a -2.03% decrease from the 52 week high of $111.53 and a 56.06% increase over the 52 week low of $70.02.
AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $5.54. Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 4.13%, compared to an industry average of 23.2%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
SPDR S&P Retail ETF ( XRT )
RevenueShares Mid Cap ( RWK )
Schwab U.S. Mid Cap ETF ( SCHM )
Schwab U.S. Large-Cap Growth ETF ( SCHG )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 20.33% over the last 100 days. XRT has the highest percent weighting of AAP at 1.23%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 4.13%, compared to an industry average of 23.2%.
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The following ETF(s) have AAP as a top-10 holding: SPDR S&P Retail ETF ( XRT ) RevenueShares Mid Cap ( RWK ) Schwab U.S. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 18, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAP as a top-10 holding: SPDR S&P Retail ETF ( XRT ) RevenueShares Mid Cap ( RWK ) Schwab U.S. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 18, 2013.
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AAP's current earnings per share, an indicator of a company's profitability, is $5.54. The following ETF(s) have AAP as a top-10 holding: SPDR S&P Retail ETF ( XRT ) RevenueShares Mid Cap ( RWK ) Schwab U.S. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on December 18, 2013.
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11901.0
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2013-12-11 00:00:00 UTC
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Pep Boys Misses on Earnings & Revenues - Analyst Blog
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AAP
|
https://www.nasdaq.com/articles/pep-boys-misses-on-earnings-revenues-analyst-blog-2013-12-11
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nan
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nan
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Pep Boys - Manny, Moe & Jack's ( PBY ) adjusted earnings per share decreased 58.3% to 5 cents per share in the third quarter of fiscal 2013 (ended Nov 2, 2013), compared with 12 cents per share in the prior-year quarter. Earnings missed the Zacks Consensus Estimate of 13 cents a share.
On a reported basis, Pep Boys posted a profit of $1 million or 2 cents per share compared to a loss of $6.8 million or 13 cents per share in the year-ago quarter. Results include an asset impairment charge of $2 million and a severance charge of $0.6 million in 2013, while the 2012 earnings incorporate $11.2 million for debt refinancing expense, $8.8 million in asset impairment charge and $0.9 million for compensation expense.
Revenues for the 13 weeks ended Nov 2, 2013 decreased 0.5% to $507.0 million from $509.6 million in the 13 weeks ended Oct 27, 2012. Revenues lagged the Zacks Consensus Estimate of $521 million.
Revenues from merchandise sales went down 1.7% to $394.3 million, while revenues from service went up 3.9% to $112.7 million. Comparable store sales declined 2.8% in the quarter due to a 3.6% decline in comparable merchandise sales, partially offset by 0.5% rise in comparable service revenues.
Financial Position
Pep Boys had cash and cash equivalents of $55.8 million as of Nov 2, 2013, compared with $78.7 million as of Oct 27, 2013. Long-term debt stood at $198.5 million as of Nov 2, 2013 compared with $200 million as of Oct 27, 2013.
In the first nine months of fiscal 2013, Pep Boys' cash flow from operations was $62.9 million, significantly down from $116.2 million in the prior year owing to a fall in profits. Capital expenditure increased to $38.3 million from $36.8 million in the first nine months of fiscal 2012.
Zacks Rank
Based in Philadelphia, Pa., Pep Boys supplies tires, batteries, new and remanufactured parts for vehicles, chemicals and maintenance items, fashion, electronic, and performance accessories. It also provides non-automotive merchandises such as generators, power tools and personal transportation products. Currently, the company retains a Zacks Rank #2 (Buy).
Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, Pep Boys posted a profit of $1 million or 2 cents per share compared to a loss of $6.8 million or 13 cents per share in the year-ago quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). Pep Boys - Manny, Moe & Jack's ( PBY ) adjusted earnings per share decreased 58.3% to 5 cents per share in the third quarter of fiscal 2013 (ended Nov 2, 2013), compared with 12 cents per share in the prior-year quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). On a reported basis, Pep Boys posted a profit of $1 million or 2 cents per share compared to a loss of $6.8 million or 13 cents per share in the year-ago quarter.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, Pep Boys posted a profit of $1 million or 2 cents per share compared to a loss of $6.8 million or 13 cents per share in the year-ago quarter.
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11902.0
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2013-11-11 00:00:00 UTC
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A Dozen Retailers Are Bargain Buys Despite Seasonal Trends, S&P Says; Retail Shares Up
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AAP
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https://www.nasdaq.com/articles/dozen-retailers-are-bargain-buys-despite-seasonal-trends-sp-says-retail-shares-2013-11-11
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nan
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nan
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Standard & Poor's Chief Equity Strategist Sam Stovall said there are a dozen retailers whose stocks still look to be bargains despite the proximity to the holiday shopping season, bucking historical trends.
Since 1990, most retailers have recorded their highest frequency of market outperformance early in the year, specifically in March, he said. "However, since history is a guide and not gospel, and this general seasonality trend does not work for all types of retailers, it helps to get a second opinion," he added, noting S&P's assessment of fair value shows 12 retailers remain "on the bargain rack."
Ten of those retailers are in the consumer-discretionary sector: Advance Auto Parts Inc. ( AAP ), which was up 1.2% recently Monday; AutoNation Inc. ( AN ), up 1.2%; Bed Bath & Beyond Inc. ( BBBY ), up 0.6%; CarMax Inc. ( KMX ), up 0.5%; Nordstrom Inc. ( JWN ), up 0.4%; PetsMart inc. (PETM), up 0.8%; Ross Stores Inc. (ROST), up 0.2%; Staples Inc. (SPLS), down 0.1%; Target Corp. (TGT), up 0.8%; and Urban Outfitters Inc. (URBN), up 0.4%.
The remaining two are in the consumer-staples sector: CVS Caremark Corp. (CVS), up 0.2% recently Monday; and Wal-Mart Stores Inc. (WMT), up 1.3%.
The SPDR S&P Retail exchange-traded fund (XRT) was up 0.4% at $85.20 in recent Monday trading. It has climbed 36% this year and is up 40% from a year ago.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ten of those retailers are in the consumer-discretionary sector: Advance Auto Parts Inc. ( AAP ), which was up 1.2% recently Monday; AutoNation Inc. ( AN ), up 1.2%; Bed Bath & Beyond Inc. ( BBBY ), up 0.6%; CarMax Inc. ( KMX ), up 0.5%; Nordstrom Inc. ( JWN ), up 0.4%; PetsMart inc. (PETM), up 0.8%; Ross Stores Inc. (ROST), up 0.2%; Staples Inc. (SPLS), down 0.1%; Target Corp. (TGT), up 0.8%; and Urban Outfitters Inc. (URBN), up 0.4%. Standard & Poor's Chief Equity Strategist Sam Stovall said there are a dozen retailers whose stocks still look to be bargains despite the proximity to the holiday shopping season, bucking historical trends. Since 1990, most retailers have recorded their highest frequency of market outperformance early in the year, specifically in March, he said.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Ten of those retailers are in the consumer-discretionary sector: Advance Auto Parts Inc. ( AAP ), which was up 1.2% recently Monday; AutoNation Inc. ( AN ), up 1.2%; Bed Bath & Beyond Inc. ( BBBY ), up 0.6%; CarMax Inc. ( KMX ), up 0.5%; Nordstrom Inc. ( JWN ), up 0.4%; PetsMart inc. (PETM), up 0.8%; Ross Stores Inc. (ROST), up 0.2%; Staples Inc. (SPLS), down 0.1%; Target Corp. (TGT), up 0.8%; and Urban Outfitters Inc. (URBN), up 0.4%. The remaining two are in the consumer-staples sector: CVS Caremark Corp. (CVS), up 0.2% recently Monday; and Wal-Mart Stores Inc. (WMT), up 1.3%.
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Ten of those retailers are in the consumer-discretionary sector: Advance Auto Parts Inc. ( AAP ), which was up 1.2% recently Monday; AutoNation Inc. ( AN ), up 1.2%; Bed Bath & Beyond Inc. ( BBBY ), up 0.6%; CarMax Inc. ( KMX ), up 0.5%; Nordstrom Inc. ( JWN ), up 0.4%; PetsMart inc. (PETM), up 0.8%; Ross Stores Inc. (ROST), up 0.2%; Staples Inc. (SPLS), down 0.1%; Target Corp. (TGT), up 0.8%; and Urban Outfitters Inc. (URBN), up 0.4%. "However, since history is a guide and not gospel, and this general seasonality trend does not work for all types of retailers, it helps to get a second opinion," he added, noting S&P's assessment of fair value shows 12 retailers remain "on the bargain rack." The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Ten of those retailers are in the consumer-discretionary sector: Advance Auto Parts Inc. ( AAP ), which was up 1.2% recently Monday; AutoNation Inc. ( AN ), up 1.2%; Bed Bath & Beyond Inc. ( BBBY ), up 0.6%; CarMax Inc. ( KMX ), up 0.5%; Nordstrom Inc. ( JWN ), up 0.4%; PetsMart inc. (PETM), up 0.8%; Ross Stores Inc. (ROST), up 0.2%; Staples Inc. (SPLS), down 0.1%; Target Corp. (TGT), up 0.8%; and Urban Outfitters Inc. (URBN), up 0.4%. Standard & Poor's Chief Equity Strategist Sam Stovall said there are a dozen retailers whose stocks still look to be bargains despite the proximity to the holiday shopping season, bucking historical trends. Since 1990, most retailers have recorded their highest frequency of market outperformance early in the year, specifically in March, he said.
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11903.0
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2013-11-01 00:00:00 UTC
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Advance Auto Beats on Earnings in Q3 - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-beats-on-earnings-in-q3-analyst-blog-2013-11-01
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) saw a 22.3% rise in adjusted earnings to $1.48 per share in the third quarter of fiscal 2013 (ended Oct 5, 2013) from $1.21 per share in the same quarter of prior fiscal year. It also exceeded the Zacks Consensus Estimate of $1.42 a share.
Including transaction expenses of 4 cents related to the pending acquisition of General Parts International and integration expenses of 2 cents for B.W.P. Distributors, earnings per share (on a reported basis) amounted to $1.42, up 17.4% from $1.21 in the year-ago quarter.
Earnings benefited from higher gross margin and efficient cost control measures. Net earnings escalated 16% to $103.8 million from $89.5 million in the third quarter of fiscal 2012.
Revenues went up 4.3% to $1.52 billion, marginally missing the Zacks Consensus Estimate of $1.53 billion. The acquisition of BWP Distributors and the net addition of 170 new stores in the last 12 months contributed to the improvement, partially offset by a decline in comparable store sales of 2% versus a decrease of 1.8% during the third quarter of fiscal 2012.
Gross profit increased 5.2% to $762.9 million or 50.2% of sales in the quarter compared with $725.4 million or 49.8% of sales a year ago. The increase in gross profit margin was driven by higher merchandise margins due to lower acquisition costs. This was partially offset by higher supply chain costs due to full operations of the new distribution center and the impact of BWP sales, which have higher mix of Commercial sales, resulting in lower gross margin.
SG&A expense was $592.2 million or 39% of sales in the quarter, compared with $575 million or 39.4% in the third quarter of fiscal 2012. The decrease in margin resulted from lower marketing expense, better labor productivity and lower administrative and support costs, partially offset by higher costs related to the acquisition of General Parts International and new store openings together with higher incentive compensation.
Operating income increased 13.5% to $170.7 million from $150.4 million in the third quarter of fiscal 2012. Operating margin was 11.2% versus 10.3% a year ago.
Store Openings
During the quarter, Advance Auto opened 35 stores and closed 7 stores including 5 Autopart International stores. As of Oct 5, 2013, the company's total store count stood at 4,018, including 222 Autopart International stores.
Share Repurchase
Advance Auto repurchased about 1 million shares for $77.3 million in the first nine months of 2013, implying an average price of $77.47. As of Oct 5, 2013, the company had roughly $415 million available on its $500 million share repurchase program authorized by its board of directors on May 14, 2012.
Dividend
The Board of Directors of Advance Auto declared a regular quarterly dividend of 6 cents per share to be paid on Jan 3, 2014 to stockholders of record as of Dec 20, 2013.
Financial Position
Advance Auto had cash and cash equivalents of $567.3 million as of Oct 5, 2013, an increase from $479.4 million as of Oct 6, 2012. Long-term debt increased to $605.1 million as of Oct 5, 2013, from $600.2 million as of Oct 6, 2012. The long-term debt-to-capitalization ratio stood at 29.2%, versus 34.3% as of Oct 6, 2012.
In the 40-week period, ended Oct 5, 2013, operating cash flow dipped to $398.5 million from $504.8 million in the year-ago period. The decline in cash flow was due to the impact of working capital changes.
Outlook
Advance Auto continues to expect earnings between $5.30 and $5.45 per share for 2013.
Advance Auto, which is a prominent player in the automotive replacement parts and accessories industry along with AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ), retains a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) saw a 22.3% rise in adjusted earnings to $1.48 per share in the third quarter of fiscal 2013 (ended Oct 5, 2013) from $1.21 per share in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. This was partially offset by higher supply chain costs due to full operations of the new distribution center and the impact of BWP sales, which have higher mix of Commercial sales, resulting in lower gross margin.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) saw a 22.3% rise in adjusted earnings to $1.48 per share in the third quarter of fiscal 2013 (ended Oct 5, 2013) from $1.21 per share in the same quarter of prior fiscal year. Store Openings During the quarter, Advance Auto opened 35 stores and closed 7 stores including 5 Autopart International stores.
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Advance Auto Parts Inc. ( AAP ) saw a 22.3% rise in adjusted earnings to $1.48 per share in the third quarter of fiscal 2013 (ended Oct 5, 2013) from $1.21 per share in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. As of Oct 5, 2013, the company had roughly $415 million available on its $500 million share repurchase program authorized by its board of directors on May 14, 2012. Dividend The Board of Directors of Advance Auto declared a regular quarterly dividend of 6 cents per share to be paid on Jan 3, 2014 to stockholders of record as of Dec 20, 2013.
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Advance Auto Parts Inc. ( AAP ) saw a 22.3% rise in adjusted earnings to $1.48 per share in the third quarter of fiscal 2013 (ended Oct 5, 2013) from $1.21 per share in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The decrease in margin resulted from lower marketing expense, better labor productivity and lower administrative and support costs, partially offset by higher costs related to the acquisition of General Parts International and new store openings together with higher incentive compensation.
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11904.0
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2013-11-01 00:00:00 UTC
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Standard Motor Beats on Earnings, Misses Revs - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-beats-on-earnings-misses-revs-analyst-blog-2013-11-01
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nan
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nan
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Standard Motor Products Inc. ( SMP ) reported an 8.2% rise in adjusted earnings per share to 79 cents in the third quarter of 2013 from 73 cents in the year-ago quarter. Earnings per share surpassed the Zacks Consensus Estimate of 76 cents. Profits went up 8.9% to $18.3 million from $16.8 million in the year-ago quarter.
Including non-operational gains and losses, earnings on a reported basis amounted to $17.7 million or 76 cents per share, compared with $17.4 million or 76 cents in the year-ago quarter.
Total revenue declined 4.3% to $264.2 million, missing the Zacks Consensus Estimate of $279 million. The decline was attributable to lower revenues from Temperature Control and All Other segments, partially offset by better performance in the Engine Management segment.
Gross profit improved 2.9% to $80.1 million or 30.3% of sales from $77.8 million or 28.2% of sales in the third quarter of 2012.
Operating income increased 4.6% to $27.9 million from $26.7 million in the third quarter of 2012. Operating margin improved to 10.6% from 9.7% in the year-ago quarter.
Segment Results
Revenues from the Engine Management segment rose 1.2% to $177.9 million. Operating profit grew 23.9% to $26.5 million from $21.4 million in the corresponding quarter last year.
Revenues from the Temperature Control segment declined 10.9% to $84.8 million due to the unfavorable impact of weather conditions. The company recorded an operating income of $7.5 million compared with $9.1 million in the third quarter of 2012.
Revenues from All Other segment declined 72.1% to $1.4 million from $5 million a year ago.
Financial Position
Standard Motor had cash balance of $10.1 million as of Sep 30, 2013, compared with $13.1 million on Dec 31, 2012. Long-term debt of the company was $105,000 as of Sep 30, 2013, down from $195,000 as of Dec 31, 2012.
In the first nine months of fiscal 2013, the company had cash flow of $33.7 million from operating activities compared with $62.9 million in the year-ago period. Capital expenditures increased to $8.5 million from $8 million a year ago.
Dividend Update
Standard Motor announced a quarterly dividend of 11 cents per share, payable on Dec 2, 2013, to shareholders of record as of Nov 15, 2013.
Our Take
Standard Motor, based in Long Island City, New York, is one of the leading manufacturers, distributors and marketers of automotive replacement parts in the U.S. The company enjoys strong brand recognition globally and a less cyclical end-market within the auto and auto parts industry.
However, we are concerned about Standard Motor's high dependence on some major customers like Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) as well as the price competition prevailing in the market.
Another player in the automotive replacement parts industry, Genuine Parts Company ( GPC ) reported a 1% year over year increase in earnings per share to $1.12 in the third quarter of 2013 from $1.11. However, the reported earnings missed the Zacks Consensus Estimate by 8 cents.
Standard Motor currently retains a Zacks Rank #1 (Strong Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, we are concerned about Standard Motor's high dependence on some major customers like Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) as well as the price competition prevailing in the market. ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from the Temperature Control segment declined 10.9% to $84.8 million due to the unfavorable impact of weather conditions.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about Standard Motor's high dependence on some major customers like Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) as well as the price competition prevailing in the market. Including non-operational gains and losses, earnings on a reported basis amounted to $17.7 million or 76 cents per share, compared with $17.4 million or 76 cents in the year-ago quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about Standard Motor's high dependence on some major customers like Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) as well as the price competition prevailing in the market. Including non-operational gains and losses, earnings on a reported basis amounted to $17.7 million or 76 cents per share, compared with $17.4 million or 76 cents in the year-ago quarter.
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However, we are concerned about Standard Motor's high dependence on some major customers like Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) as well as the price competition prevailing in the market. ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Profits went up 8.9% to $18.3 million from $16.8 million in the year-ago quarter.
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11905.0
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2013-10-31 00:00:00 UTC
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Trade the Earnings: Advance Auto Parts, Inc.
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AAP
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https://www.nasdaq.com/articles/trade-earnings-advance-auto-parts-inc-2013-10-31
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nan
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nan
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Earnings Release Date: 10/31/2013
Time: Premarket
Avg. Extended-Hours Dollar Volume: $210,030,757
Earnings Sensitivity (up or down): 4.6%
Advance Auto Parts, Inc. ( AAP ) is due to issue its quarterly earnings report before market open today. Given its history, traders can expect very active trading in the upcoming Premarket session immediately following the company's release of its quarterly earnings. An analysis of historical premarket and after-hours trading activity and liquidity conditions in AAP following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session.
Analysts at MT Newswires have tracked how AAP's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. The result of that study is below.
Over the last year, when shares of AAP rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Over the last year, when shares of AAP dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
Our analysis of over a decade of company specific earnings related news and price data on over 5,000 US companies demonstrates that earnings event related trading opportunities can exist for those trading in the after-hours and premarket sessions. Certain stocks demonstrate a historical tendency to either underprice or overreact to earnings news in the extended-hours (the time when companies typically release earnings) relative to the following regular session close.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Analysts at MT Newswires have tracked how AAP's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session. Over the last year, when shares of AAP rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Over the last year, when shares of AAP dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day.
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Over the last year, when shares of AAP rose in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Over the last year, when shares of AAP dropped in the extended-hours in reaction to its earnings announcement, there is limited evidence to suggest a follow-through in the same direction the next day. Extended-Hours Dollar Volume: $210,030,757 Earnings Sensitivity (up or down): 4.6% Advance Auto Parts, Inc. ( AAP ) is due to issue its quarterly earnings report before market open today.
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An analysis of historical premarket and after-hours trading activity and liquidity conditions in AAP following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session. Extended-Hours Dollar Volume: $210,030,757 Earnings Sensitivity (up or down): 4.6% Advance Auto Parts, Inc. ( AAP ) is due to issue its quarterly earnings report before market open today. Analysts at MT Newswires have tracked how AAP's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session.
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An analysis of historical premarket and after-hours trading activity and liquidity conditions in AAP following an earnings release indicates that the price change in the extended hours is likely to be of moderate value in forecasting additional price movement in the following regular session. Extended-Hours Dollar Volume: $210,030,757 Earnings Sensitivity (up or down): 4.6% Advance Auto Parts, Inc. ( AAP ) is due to issue its quarterly earnings report before market open today. Analysts at MT Newswires have tracked how AAP's stock price has reacted to quarterly earnings events the past both in the after-hours and following regular session.
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11906.0
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2013-10-24 00:00:00 UTC
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O'Reilly Q3 Earnings Beat Estimates - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-q3-earnings-beat-estimates-analyst-blog-2013-10-24
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) posted a 28% increase in earnings to $1.69 per share in the third quarter of 2013 compared with $1.32 in the year-ago quarter. Earnings also exceeded the Zacks Consensus Estimate by 4 cents. Net income improved 17% to $186.5 million (10.8% of sales) from $159.3 million (9.9%) in the third quarter of 2012.
Quarterly revenues scaled up 8% to $1.73 billion from $1.60 billion in the same period a year ago. However, revenues missed the Zacks Consensus Estimate of $1.76 billion. Comparable store sales increased 4.6% in the reported quarter compared with 1.3% in the third quarter of 2012.
Gross profit ascended 9.2% to $879.2 million (50.9% of sales) from $805.5 million (50.3% of sales) a year ago. Selling, general and administrative expenses rose 6.9% to $578.8 million (33.5% of sales) from $542.2 million (33.9%) in the year-ago quarter. Operating income increased 14.1% to $300.4 million (17.4% of sales) from $263.3 million (16.4% of sales) for the same period last year.
Store Information
During the quarter, O'Reilly opened 50 stores and closed 2 stores, bringing its total store count to 4135 in 42 states as of Sep 30, 2013. Sales per weighted average-store increased to $417,000 from $409,000 a year ago.
New Distribution Centers
O'Reilly plans to relocate the distribution center in Lewiston, Maine to a bigger facility located in Devens, Massachusetts. The center is expected have the capacity to service 280 stores. This center will be operational from the second half of 2014 and will support the company's future expansion strategy for New England. In 2014, O'Reilly plans to open distribution centers in central Florida and Chicago.
Share Repurchases
During the quarter, O'Reilly repurchased 1.5 million shares of its common stock for $185 million, reflecting an average price of $120.71. During the first nine months of 2013, the company repurchased 6.5 million shares for $687 million at an average price of $104.93. Subsequent to the end of the third quarter and through the date of the earnings release, the company has repurchased an additional 0.2 million shares for $31 million, implying an average price of $125.74.
Since the inception of the share repurchase program in Jan 2011, O'Reilly has repurchased a total of 38.9 million shares for $3.1 billion, reflecting an average price of $80.77. As of Oct 23, 2013, the company had approximately $360 million worth of shares repurchase authorization remaining under its share repurchase program.
Financial Position
O'Reilly had cash and cash equivalents of $363 million as of Sep 30, 2013, compared with $422.7 million as of Sep 30, 2012. Long-term debt increased to $1.4 billion as of Sep 30, 2013 from $1.1 billion as of Sep 30, 2012. This translated into a long-term debt-to-capitalization ratio of 40.7% as of Sep 30, 2013 compared with 32.7% as of Sep 30, 2012.
In the first nine months of 2013, net cash flow from operations declined 30.3% to $719.8 million from $1 billion in the previous-year period. Meanwhile, capital expenditures (net) increased to $298.4 million from $214.7 million in the same period of 2012.
Guidance
For fourth quarter 2013, O'Reilly projects earnings per share in the range of $1.27-$1.31. The company expects consolidated comparable store sales to increase by 3% to 5%.
For full year 2013, the company raised its earnings per share guidance to the range of $5.91 to $5.95 from the earlier range of $5.79 to $5.89. O'Reilly expects consolidated comparable store sales to increase between 3.5% and 4.5% during the year. The company also reiterated revenue guidance of $6.6 billion to $6.7 billion for 2013, upgraded gross margin guidance to 50.5%-50.7% from 50.3%-50.7%, and increased operating margin guidance to a range of 16.2% to 16.5% from the prior guidance of 16.0% to 16.4%.
O'Reilly expects capital expenditures within the range of $395 million to $415 million and free cash flow between $470 million and $500 million for the year.
The company plans to open 190 net, new stores in 2013. Based on opportunities for new stores in both existing and new markets, the company also plans to open 200 new stores in 2014.
Our Take
O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). It sells its products to both Do-it-Yourself (DIY) customers and Do-it-for-Me (DIFM) or professional installers. Currently, it retains a Zacks Rank #4 (Sell).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our Take O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. This center will be operational from the second half of 2014 and will support the company's future expansion strategy for New England.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Our Take O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). Share Repurchases During the quarter, O'Reilly repurchased 1.5 million shares of its common stock for $185 million, reflecting an average price of $120.71.
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Our Take O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Operating income increased 14.1% to $300.4 million (17.4% of sales) from $263.3 million (16.4% of sales) for the same period last year.
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Our Take O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Comparable store sales increased 4.6% in the reported quarter compared with 1.3% in the third quarter of 2012.
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11907.0
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2013-10-22 00:00:00 UTC
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O'Reilly Maintained at Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-maintained-at-neutral-analyst-blog-2013-10-22
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nan
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nan
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On Oct 22, 2013, we reaffirmed the Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its strong fundamentals and improved earnings expectations, which offset the negatives.
Why the Reiteration?
O'Reilly earnings increased 37.4% to $1.58 per share in the second quarter of 2013 compared with $1.15 in the year-ago quarter. Earnings also exceeded the Zacks Consensus Estimate by 9 cents.
O'Reilly is scheduled to release its third-quarter financial results after the closing bell on Oct 23, 2013. The Zacks Consensus Estimate for the company's third-quarter earnings per share stands at $1.65, up 25.33% over the prior-year quarter.
O'Reilly regularly opens new stores to boost sales. Moreover, the company continues to benefit from its dual market strategy and strong distribution network. The increased buyback authorization and improved 2013 earnings guidance are added positives.
However, on the negative side, a large part of O'Reilly's cash is locked in inventories, while its debt position is deteriorating. Moreover, the company's stores are concentrated in a few locations in the U.S., which makes it sensitive to the economic and weather conditions of those regions.
Further, O'Reilly's strategy of lowering the time-to-market for its products to satisfy the professional installer market puts it at a disadvantage versus competitors such as AutoZone, Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). Considering these positive and negative factors, we choose to maintain our Neutral recommendation on the stock.
Other Stocks to Consider
O'Reilly currently carries a Zacks Rank #3 (Hold). CarMax Inc. ( KMX ), which has a Zacks Rank #2 (Buy), is worth considering in the auto parts industry.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Further, O'Reilly's strategy of lowering the time-to-market for its products to satisfy the professional installer market puts it at a disadvantage versus competitors such as AutoZone, Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Oct 22, 2013, we reaffirmed the Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its strong fundamentals and improved earnings expectations, which offset the negatives.
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Further, O'Reilly's strategy of lowering the time-to-market for its products to satisfy the professional installer market puts it at a disadvantage versus competitors such as AutoZone, Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for the company's third-quarter earnings per share stands at $1.65, up 25.33% over the prior-year quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Further, O'Reilly's strategy of lowering the time-to-market for its products to satisfy the professional installer market puts it at a disadvantage versus competitors such as AutoZone, Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). On Oct 22, 2013, we reaffirmed the Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its strong fundamentals and improved earnings expectations, which offset the negatives.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Further, O'Reilly's strategy of lowering the time-to-market for its products to satisfy the professional installer market puts it at a disadvantage versus competitors such as AutoZone, Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). The Zacks Consensus Estimate for the company's third-quarter earnings per share stands at $1.65, up 25.33% over the prior-year quarter.
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11908.0
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2013-10-17 00:00:00 UTC
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Advance Auto Parts (AAP) Worth Watching: Stock Adds 16.6% in Session - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-aap-worth-watching%3A-stock-adds-16.6-in-session-analyst-blog-2013-10-17
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. The move came on solid volume too with far more shares changed hands than in a normal session. This continues the recent uptrend for the company, as the stock has gained more than 20% in the past one-month time frame.
The company has seen no estimate revision in the past 2 months. Besides, its earnings consensus has remained stagnant over the same time frame. However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.
AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing retail/wholesale stocks include Asbury Automotive Group, Inc. ( ABG ), hhgregg, Inc. ( HGG ) and CarMax Inc. ( KMX ). While Asbury Automotive and hhgregg hold a Zacks Rank #1 (Strong Buy), CarMax carries a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >>
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ASBURY AUTO GRP (ABG): Free Stock Analysis Report
HHGREGG INC (HGG): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. Click to get this free report >> ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report >> ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Click to get this free report >> ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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Advance Auto Parts Inc. ( AAP ) was a big mover last session, as the company saw its shares surge by about 16.6% on the day. AAP currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%. Click to get this free report >> ADVANCE AUTO PT (AAP): Free Stock Analysis Report ASBURY AUTO GRP (ABG): Free Stock Analysis Report HHGREGG INC (HGG): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report To read this article on Zacks.com click here.
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11909.0
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2013-10-17 00:00:00 UTC
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ORLY Hits 52-Week High - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/orly-hits-52-week-high-analyst-blog-2013-10-17
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nan
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nan
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On Oct 16, 2013, shares of O'Reilly Automotive Inc. ( ORLY ) reached a new 52-week high of $132.54.
O'Reilly Automotive has a competitive advantage due to its dual market strategy and is continuously benefiting from a strong distribution network. The company reported positive earnings surprise in the past four quarters with an average beat of 4.07%.
Even in the third quarter of 2013, O'Reilly Automotive is expected to beat the Zacks Consensus Estimate of $1.65. The company is expected to release its third-quarter financial results after the closing bell on Oct 23.
O'Reilly Automotive aggressively continues to open new stores in order to achieve greater penetration in existing markets and to reach new, contiguous markets. In 2012, the company opened 185 stores and expects to open a total of 190 stores in 2013.
Further, O'Reilly Automotive pursues an aggressive share repurchase policy, which continues to boost earnings. In May 2013, the company's board of directors approved an increase in share repurchase authorization by $500 million, taking the total authorization to $3.5 billion.
During the first half of 2013, O'Reilly Automotive repurchased 5.0 million shares for $502 million at an average price of $100.10. As of Jul 24, 2013, the company had approximately $521 million worth of shares remaining under its share repurchase program.
O'Reilly Automotive expects earnings per share in the range of $5.64 to $5.74 in 2013. The company also expects revenues of $6.6 billion to $6.7 billion, gross margin of 50.0% to 50.4% and operating margin between 15.8% and 16.2% for the year.
The Zacks Consensus Estimate for the company's 2013 earnings per share stands at $5.95, up 25.17% over 2013. The estimate for 2014 stands at $6.77 per share, up 13.84% year over year.
O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). The company currently carries a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive has a competitive advantage due to its dual market strategy and is continuously benefiting from a strong distribution network.
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O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Even in the third quarter of 2013, O'Reilly Automotive is expected to beat the Zacks Consensus Estimate of $1.65.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). In May 2013, the company's board of directors approved an increase in share repurchase authorization by $500 million, taking the total authorization to $3.5 billion.
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O'Reilly Automotive is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive aggressively continues to open new stores in order to achieve greater penetration in existing markets and to reach new, contiguous markets.
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11910.0
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2013-10-16 00:00:00 UTC
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Mid-Day Market Update: Mattel Surges On Upbeat Earnings; Stanley Black & Decker Shares Slip
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AAP
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https://www.nasdaq.com/articles/mid-day-market-update-mattel-surges-upbeat-earnings-stanley-black-decker-shares-slip-2013
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nan
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nan
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Midway through trading Wednesday, the Dow traded up 1.26 percent to 15,358.64 while the NASDAQ surged 1.11 percent to 3,836.04. The S&P also rose, gaining 1.28 percent to 1,719.82.
Top Headline Bank of America (NYSE: BAC ) reported a rise in its third-quarter profit.
Bank of America's quarterly profit surged to $2.5 billion, from $340 million, in the year-earlier quarter. Its per share earnings came in at $0.20, beating analysts' estimates of $0.19 per share.
Its revenue declined to $22.2 billion, from $22.5 billion.
Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 16.24 percent to $ 95.90 after the company announced its plans to buy General Parts for $2.04 billion.
Shares of MGIC Investment (NYSE: MTG ) got a boost, shooting up 14.83 percent to $8.34 after the company reported upbeat Q3 profit.
Mattel (NASDAQ: MAT ) was also up, gaining 2.74 percent to $42.69 after the company reported a 16% gain in its third-quarter net income.
Equities Trading DOWN Shares of Stanley Black & Decker (NYSE: SWK ) were down 13.39 percent to $77.53 after the company reported a 44% rise in its third-quarter earnings and cut its outlook for the year.
Molycorp (NYSE: MCP ) shares tumbled 6.63 percent to $5.21 after the company priced 45 million shares of common stock at $5.00 per share.
Green Dot (NASDAQ: GDOT ) was down, falling 4.91 percent to $20.55 after Janney Capital downgraded the stock from Neutral to Sell.
Commodities In commodity news, to $102.08, while gold traded down 0.07 percent to $1,272.30.
Silver traded up 0.16 percent Wednesday to $21.23, while copper rose 0.20 percent to $3.31.
Eurozone European shares today. The Spanish Ibex Index rose 0.75 percent, while Italy's FTSE MIB Index gained 1.45 percent. Meanwhile, the German DAX rose 0.47 percent and the French CAC 40 declined 0.29 percent while U.K. shares gained 0.34 percent.
Economics The MBA's index of mortgage application activity fell 0.30% for the week ended October 11, from a prior reading of 1.30%.
The NAHB housing market index declined to 55 in October, versus 57 in September. However, economists were expecting a reading of 57.00.
The Federal Reserve will release its Beige Book at 2:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 16.24 percent to $ 95.90 after the company announced its plans to buy General Parts for $2.04 billion. Shares of MGIC Investment (NYSE: MTG ) got a boost, shooting up 14.83 percent to $8.34 after the company reported upbeat Q3 profit. Equities Trading DOWN Shares of Stanley Black & Decker (NYSE: SWK ) were down 13.39 percent to $77.53 after the company reported a 44% rise in its third-quarter earnings and cut its outlook for the year.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 16.24 percent to $ 95.90 after the company announced its plans to buy General Parts for $2.04 billion. Top Headline Bank of America (NYSE: BAC ) reported a rise in its third-quarter profit. Bank of America's quarterly profit surged to $2.5 billion, from $340 million, in the year-earlier quarter.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 16.24 percent to $ 95.90 after the company announced its plans to buy General Parts for $2.04 billion. Midway through trading Wednesday, the Dow traded up 1.26 percent to 15,358.64 while the NASDAQ surged 1.11 percent to 3,836.04. Molycorp (NYSE: MCP ) shares tumbled 6.63 percent to $5.21 after the company priced 45 million shares of common stock at $5.00 per share.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 16.24 percent to $ 95.90 after the company announced its plans to buy General Parts for $2.04 billion. Shares of MGIC Investment (NYSE: MTG ) got a boost, shooting up 14.83 percent to $8.34 after the company reported upbeat Q3 profit. Equities Trading DOWN Shares of Stanley Black & Decker (NYSE: SWK ) were down 13.39 percent to $77.53 after the company reported a 44% rise in its third-quarter earnings and cut its outlook for the year.
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11911.0
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2013-10-16 00:00:00 UTC
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Mid-Morning Market Update: Markets Rise; Bank of America Posts Higher Profit
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AAP
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https://www.nasdaq.com/articles/mid-morning-market-update-markets-rise-bank-america-posts-higher-profit-2013-10-16
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nan
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nan
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Following the market opening Wednesday, the Dow traded up 1.04 percent to 15,326.24 while the NASDAQ surged 0.99 percent to 3,831.43. The S&P also rose, gaining 1.05 percent to 1,715.81.
Top Headline Bank of America (NYSE: BAC ) reported a rise in its third-quarter profit.
Bank of America's quarterly profit surged to $2.5 billion, from $340 million, in the year-earlier quarter. Its per share earnings came in at $0.20, beating analysts' estimates of $0.19 per share.
Its revenue declined to $22.2 billion, from $22.5 billion.
Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 18.85 percent to $98.05 after the company announced its plans to buy General Parts for $2.04 billion.
Shares of MGIC Investment (NYSE: MTG ) got a boost, shooting up 9.64 percent to $7.96 after the company reported upbeat Q3 profit.
Mattel (NASDAQ: MAT ) was also up, gaining 3.32 percent to $42.93 after the company reported a 16% gain in its third-quarter net income.
Equities Trading DOWN Shares of Stanley Black & Decker (NYSE: SWK ) were down 14.45 percent to $76.58 after the company reported a 44% rise in its third-quarter earnings and cut its outlook for the year.
Molycorp (NYSE: MCP ) shares tumbled 5.02 percent to $5.30 after the company priced 45 million shares of common stock at $5.00 per share.
Green Dot (NASDAQ: GDOT ) was down, falling 7.27 percent to $20.04 after Janney Capital downgraded the stock from Neutral to Sell.
Commodities In commodity news, to $101.19, while gold traded up 0.35 percent to $1,277.60.
Silver traded up 0.47 percent Wednesday to $21.29, while copper fell 0.76 percent to $3.28.
Eurozone European shares today. The Spanish Ibex Index rose 0.36 percent, while Italy's FTSE MIB Index gained 0.74 percent. Meanwhile, the German DAX fell 0.02 percent and the French CAC 40 declined 0.67 percent while U.K. shares dropped 0.14 percent.
Economics The MBA's index of mortgage application activity fell 0.30% for the week ended October 11, from a prior reading of 1.30%.
The NAHB housing market index declined to 55 in October, versus 57 in September. However, economists were expecting a reading of 57.00.
The Treasury is set to auction 4-and 52-week bills.
The Federal Reserve will release its Beige Book at 2:00 p.m. ET.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 18.85 percent to $98.05 after the company announced its plans to buy General Parts for $2.04 billion. Equities Trading DOWN Shares of Stanley Black & Decker (NYSE: SWK ) were down 14.45 percent to $76.58 after the company reported a 44% rise in its third-quarter earnings and cut its outlook for the year. Green Dot (NASDAQ: GDOT ) was down, falling 7.27 percent to $20.04 after Janney Capital downgraded the stock from Neutral to Sell.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 18.85 percent to $98.05 after the company announced its plans to buy General Parts for $2.04 billion. Top Headline Bank of America (NYSE: BAC ) reported a rise in its third-quarter profit. Bank of America's quarterly profit surged to $2.5 billion, from $340 million, in the year-earlier quarter.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 18.85 percent to $98.05 after the company announced its plans to buy General Parts for $2.04 billion. Following the market opening Wednesday, the Dow traded up 1.04 percent to 15,326.24 while the NASDAQ surged 0.99 percent to 3,831.43. Molycorp (NYSE: MCP ) shares tumbled 5.02 percent to $5.30 after the company priced 45 million shares of common stock at $5.00 per share.
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Equities Trading UP Advance Auto Parts (NYSE: AAP ) shot up 18.85 percent to $98.05 after the company announced its plans to buy General Parts for $2.04 billion. Its revenue declined to $22.2 billion, from $22.5 billion. Shares of MGIC Investment (NYSE: MTG ) got a boost, shooting up 9.64 percent to $7.96 after the company reported upbeat Q3 profit.
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11912.0
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2013-10-16 00:00:00 UTC
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Consumer Stocks Closing With Big Gains; Advance Auto Parts' Acquisition Lauded by Moody's, Analysts
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AAP
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https://www.nasdaq.com/articles/consumer-stocks-closing-big-gains-advance-auto-parts-acquisition-lauded-moodys-analysts
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nan
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nan
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Consumer stocks are ending higher this afternoon with shares of consumer staples companies in the S&P 500 gaining 1.1%. Shares of consumer discretionary firms in the S&P 500 are climbing 1.0%.
In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash.
The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction."
Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
According to Moody's vice president Charlie O'Shea, the deal boosts AAP scale as a retailer, adding over 2,700 Carquest outlets now operated by General Parts, as well as expanding its commercial and wholesale operations.
Moody's has a few cautionary observations, acknowledging the deal - at least temporarily - will stress the company's credit profile after taking on roughly $1.4 billion in new incremental debt. AAP, however, has promised to quickly repay a substantial portion of the financing from its free cash flow. It also will likely suspend its stock buybacks until its credit metrics return to pre-acquisition levels, Moody's said.
In other sector news,
(+) LUK, Prices $750-mln offering of 5.5% senior notes due 2023 at 98.641% of par. Net proceeds will be used to redeem the company's 8.125% senior notes due 2015.
(-) SWK, Q2 earnings of $1.39 per share, ex items, trailing forecasts by $0.01. Revenue rose 9.6% year over year to $2.8 billion, roughly in-line with analyst consensus. Also, R.W. Baird lowers its rating for SWK to Neutral from Outperform.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. AAP, however, has promised to quickly repay a substantial portion of the financing from its free cash flow. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction."
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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11913.0
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2013-10-16 00:00:00 UTC
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Sector Update: Consumer
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AAP
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https://www.nasdaq.com/articles/sector-update-consumer-2013-10-16-0
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nan
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nan
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Consumer stocks are higher this afternoon with shares of consumer staples companies in the S&P 500 gaining 1.1%. Shares of consumer discretionary firms in the S&P 500 are climbing 1.0%.
In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash.
The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction."
Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
According to Moody's vice president Charlie O'Shea, the deal boosts AAP scale as a retailer, adding over 2,700 Carquest outlets now operated by General Parts, as well as expanding its commercial and wholesale operations.
Moody's has a few cautionary observations, acknowledging the deal - at least temporarily - will stress the company's credit profile after taking on roughly $1.4 billion in new incremental debt. AAP, however, has promised to quickly repay a substantial portion of the financing from its free cash flow. It also will likely suspend its stock buybacks until its credit metrics return to pre-acquisition levels, Moody's said.
In other sector news,
(+) LUK, Prices $750-mln offering of 5.5% senior notes due 2023 at 98.641% of par. Net proceeds will be used to redeem the company's 8.125% senior notes due 2015.
(-) SWK, Q2 earnings of $1.39 per share, ex items, trailing forecasts by $0.01. Revenue rose 9.6% year over year to $2.8 billion, roughly in-line with analyst consensus. Also, R.W. Baird lowers its rating for SWK to Neutral from Outperform.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. AAP, however, has promised to quickly repay a substantial portion of the financing from its free cash flow. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction."
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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In company news, Advance Auto Parts Inc. ( AAP ) is holding on to a 16.9% advance at $96.40, easing from its new 52-week high of $99.30 that followed the auto-parts retailer announcing a deal to acquire privately held rival General Parts International Inc. for $2.04 billion in cash. The deal not only is receiving strong support from investors, Moody's Investors Service weighed in by re-affirming AAP's investment grade Baa3 credit rating, describing the acquisition as a "value-adding and sensibly-priced transaction." Also today, Bank of America raised its rating for AAP shares to Buy from Neutral and increased its price target by $25 to $115 a share.
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11914.0
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2013-10-02 00:00:00 UTC
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Advance Auto Remains Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-remains-neutral-analyst-blog-2013-10-02
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nan
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nan
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On Sep 30, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing the supply chain by pursuing an aggressive store expansion strategy along with its share repurchase policy, which is expected to boost earnings. However, we are concerned about the uncertain economic environment, volatile gasoline prices and pricing pressures.
Why the Reiteration?
On Aug 8, 2013, Advance Auto reported an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the year-ago quarter. It also beat the Zacks Consensus Estimate of $1.48. Earnings benefited from higher gross margin and efficient cost control measures.
Revenues went up 6.1% to $1.55 billion, missing the Zacks Consensus Estimate of $1.59 billion. The increase was driven by the acquisition of BWP Distributors and the net addition of 175 new stores in the last 12 months.
Following the release of the second quarter results, the Zacks Consensus Estimate for 2013 went up 0.5% to $5.51 per share. However, the Zacks Consensus Estimate for 2014 remained constant at $6.08 per share. Currently, Advance Auto carries a Zacks Rank #3 (Hold).
Advance Auto will benefit from its focus on different operational initiatives, which will improve sales and productivity within its existing business. These initiatives include improvement of the commercial business through better delivery speed and reliability, increase of customer retention, improving in-store execution by increasing labor productivity, and improving local market availability through new store openings and by upgrading the existing stores.
Advance Auto will be favorably impacted by the aggressive store expansion strategy and share repurchase policy. During the second quarter, the company opened 26 stores, including 5 Autopart International stores, and closed 5 stores. In August, Advance Auto celebrated the opening of its 4,000th store.
Share buyback helps in boosting earnings per share and increases shareholders' confidence in the company. In the first half of 2013, the company repurchased about 1 million shares at an aggregate cost of $74.5 million. As of Jul 13, 2013, the company had roughly $418 million available on its $500 million share repurchase program, authorized by its board of directors on May 14, 2012.
However, uncertain economic environment with higher payroll taxes, high unemployment and financial stress on the core customers are some challenges faced by Advance Auto. In addition, rising competition from national and regional automotive retailers including AutoZone Inc. ( AZO ) is a matter of concern for the company.
Other Stocks to Look For
Currently, CarMax Inc. ( KMX ) and O'Reilly Automotive Inc. ( ORLY ), both with a Zacks Rank #2 (Buy), are performing well in the industry where Advance Auto operates.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Sep 30, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing the supply chain by pursuing an aggressive store expansion strategy along with its share repurchase policy, which is expected to boost earnings. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. However, uncertain economic environment with higher payroll taxes, high unemployment and financial stress on the core customers are some challenges faced by Advance Auto.
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On Sep 30, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing the supply chain by pursuing an aggressive store expansion strategy along with its share repurchase policy, which is expected to boost earnings. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto will be favorably impacted by the aggressive store expansion strategy and share repurchase policy.
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On Sep 30, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing the supply chain by pursuing an aggressive store expansion strategy along with its share repurchase policy, which is expected to boost earnings. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 8, 2013, Advance Auto reported an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the year-ago quarter.
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On Sep 30, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing the supply chain by pursuing an aggressive store expansion strategy along with its share repurchase policy, which is expected to boost earnings. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Aug 8, 2013, Advance Auto reported an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the year-ago quarter.
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11915.0
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2013-10-01 00:00:00 UTC
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Standard Motor Cut to Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-cut-to-neutral-analyst-blog-2013-10-01
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nan
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nan
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On Sep 30, we downgraded Standard Motor Products Inc. ( SMP ) to Neutral. The downgrade was based on the company's high dependence on some customers and price competition prevailing in the market. Both the top and bottom lines increased year over year in the second quarter of 2013, but they missed the Zacks Consensus Estimate.
Why the Downgrade?
On Aug 7, 2013, Standard Motor reported an 18.6% rise in adjusted earnings per share to 70 cents in the second quarter of 2013 from 59 cents in the year-ago quarter. However, earnings per share missed the Zacks Consensus Estimate of 76 cents.
Total revenue increased 0.5% to $270.1 million, missing the Zacks Consensus Estimate of $283 million. Revenues from Temperature Control segment declined marginally while the Engine Management segment reported an improved performance.
Following the release of the second quarter results, the Zacks Consensus Estimate for 2013 decreased 5.6% to $2.20 per share. The Zacks Consensus Estimate for 2014 dropped 1.6% to $2.51 per share. Currently, Standard Motor retains a Zacks Rank #4 (Sell).
We are concerned about the adverse effects of price competition prevailing in the market. This price competition is a result of imports from China and the price-cut strategy adopted by competitors. This leads to lower selling price; thus adversely affecting the profit margin of Standard Motor.
Moreover, sales of Standard Motor are mostly concentrated on its major customers like O'Reilly Automotive Inc. ( ORLY ), NAPA Auto Parts and Advance Auto Parts Inc. ( AAP ). The company's sales to these customers accounted for about 19%, 18% and 15%, respectively, of total sales in 2012. The top 5 customers of the company represented about 64% of consolidated net sales in 2012. Thus, the loss of any key customer could significantly affect the company's results.
Meanwhile, Standard Motor enjoys a strong competitive advantage due to its brand recognition and sizeable customer base. It distributes parts through established brand names and also under private labels.
In addition, Standard Motor is not significantly exposed to the cyclical nature of the automotive industry since it is focused on the aftermarket, where it is a leading player. Demand for repair products are expected to rise owing to the increasing number of vehicle models with different features on road, improved complexity in modern vehicles, expansion in the used vehicles market and an increase in the average auto age in the U.S.
Other Stocks to Consider
Motorcar Parts of America Inc. ( MPAA ) with a Zacks Rank #1 (Strong Buy) is performing well in the auto truck industry where Standard Motor operates.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
MOTORCAR PARTS (MPAA): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Moreover, sales of Standard Motor are mostly concentrated on its major customers like O'Reilly Automotive Inc. ( ORLY ), NAPA Auto Parts and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. This leads to lower selling price; thus adversely affecting the profit margin of Standard Motor.
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Moreover, sales of Standard Motor are mostly concentrated on its major customers like O'Reilly Automotive Inc. ( ORLY ), NAPA Auto Parts and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Total revenue increased 0.5% to $270.1 million, missing the Zacks Consensus Estimate of $283 million.
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Moreover, sales of Standard Motor are mostly concentrated on its major customers like O'Reilly Automotive Inc. ( ORLY ), NAPA Auto Parts and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Demand for repair products are expected to rise owing to the increasing number of vehicle models with different features on road, improved complexity in modern vehicles, expansion in the used vehicles market and an increase in the average auto age in the U.S. Other Stocks to Consider Motorcar Parts of America Inc. ( MPAA ) with a Zacks Rank #1 (Strong Buy) is performing well in the auto truck industry where Standard Motor operates.
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Moreover, sales of Standard Motor are mostly concentrated on its major customers like O'Reilly Automotive Inc. ( ORLY ), NAPA Auto Parts and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. The downgrade was based on the company's high dependence on some customers and price competition prevailing in the market.
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11916.0
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2013-09-17 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for September 18, 2013
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-september-18-2013-2013-09-17
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 18, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on October 04, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 31st quarter that AAP has paid the same dividend. At the current stock price of $79.72, the dividend yield is .3%.
The previous trading day's last sale of AAP was $79.72, representing a -10.16% decrease from the 52 week high of $88.74 and a 23.87% increase over the 52 week low of $64.36.
AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $5.33. Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 5.63%, compared to an industry average of 12.2%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
Schwab U.S. Large-Cap Growth ETF ( SCHG )
QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL )
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 23.8% over the last 100 days. SCHG has the highest percent weighting of AAP at 7.53%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 5.63%, compared to an industry average of 12.2%.
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AAP's current earnings per share, an indicator of a company's profitability, is $5.33. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 18, 2013.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: Schwab U.S. Large-Cap Growth ETF ( SCHG ) QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL ) Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP's current earnings per share, an indicator of a company's profitability, is $5.33. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on September 18, 2013.
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11917.0
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2013-09-11 00:00:00 UTC
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Pep Boys Beats Earnings, Lags Rev - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/pep-boys-beats-earnings-lags-rev-analyst-blog-2013-09-11
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nan
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nan
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Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings increased to $19.4 million or 36 cents per share in the second quarter of fiscal 2013 ended Aug 3, 2013, compared with $15.5 million or 29 cents per share in the prior-year quarter. Earnings were way ahead of the Zacks Consensus Estimate of 19 cents a share.
On a reported basis, Pep Boys posted a profit of $5.4 million or 10 cents per share compared with $33 million or 61 cents per share in the year-ago quarter. These included an asset impairment charge of $1.7 million and a tax burden of $2.5 million in 2013, while the 2012 earnings incorporated $1.5 million for reclassification of merger related costs, $0.7 million in severance charges and $43 million of merger termination fees.
Revenues for the 13 weeks ended Aug 3, 2013 climbed 0.4% to $527.6 million from $525.7 million for the 13 weeks ended Jul 28, 2012. Revenues lagged the Zacks Consensus Estimate of $539 million.
Comparable store sales declined 1.3% in the quarter due to a 1.7% decline in comparable merchandise sales and a 0.2% rise in comparable service revenues. Revenues from service centers inched down 0.1%, while comparable retail sales deteriorated 2.6%. Revenues from merchandise sales went down 0.26% to $412.3 million, while service revenues improved 2.68% to $115.3 million.
Financial Position
Pep Boys had cash and cash equivalents of $64.9 million as of Aug 3, 2013 compared with $150.8 million as of Jul 28, 2012. Long-term debt stood at $197 million compared with $293.5 million as of Jul 28, 2012. This translated into a debt-to-capitalization ratio of 26.6% as of Aug 3, 2013 versus 35.2% as of Jul 28, 2012.
In the first six months of fiscal 2013, Pep Boys' cash flow from operations was $31.2 million, significantly down from $87.5 million in the prior year owing to a fall in profits. Moreover, capital expenditure declined to $11.7 million from $14.4 million in the second quarter of fiscal 2012.
Zacks Rank
Based in Philadelphia, Pa., Pep Boys supplies tires, batteries, new and remanufactured parts for vehicles, chemicals and maintenance items, fashion, electronic, and performance accessories. It also provides non-automotive merchandise such as generators, power tools and personal transportation products. Currently, the company retains a Zacks Rank #3 (Hold).
Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings increased to $19.4 million or 36 cents per share in the second quarter of fiscal 2013 ended Aug 3, 2013, compared with $15.5 million or 29 cents per share in the prior-year quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings increased to $19.4 million or 36 cents per share in the second quarter of fiscal 2013 ended Aug 3, 2013, compared with $15.5 million or 29 cents per share in the prior-year quarter.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings increased to $19.4 million or 36 cents per share in the second quarter of fiscal 2013 ended Aug 3, 2013, compared with $15.5 million or 29 cents per share in the prior-year quarter.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, Pep Boys posted a profit of $5.4 million or 10 cents per share compared with $33 million or 61 cents per share in the year-ago quarter.
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11918.0
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2013-08-21 00:00:00 UTC
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LKQ Uses U.S. Car Parts Formula To Ride Into Europe
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AAP
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https://www.nasdaq.com/articles/lkq-uses-us-car-parts-formula-ride-europe-2013-08-21
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nan
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nan
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It's not enough that LKQ Corp. outruns the competition in the U.S. and Britain.
Now the Chicago-based alternative car-parts distributor is beating a path to continental Europe.
LKQ 's ( LKQ ) British invasion in October 2011 was finessed through the $347 million acquisition of Euro Car Parts, the leading aftermarket parts distributor in the U.K.
In LKQ's recent march to the Continent, it picked off Netherlands-based Sator Beheer, tops in its home country as well as Belgium, Luxembourg and Northern France. The $272 million buy closed May 1.
Sator's parts are used by more than 6,000 customers, served from 11 distribution centers.
"It's clearly a strategically significant acquisition," said LKQ spokesperson Joseph Boutross. "It increases our European footprint and puts us on the continent."
At the end of the second quarter, Europe accounted for 27% of the company's parts and services revenue, up from zero before its foray into Britain less than two years ago.
Sator almost surely won't be LKQ's last buy in Europe.
"Acquisitions are core to our story," Boutross said. "The pipeline is robust. We have tremendous amount of runway in North America and Europe."
LKQ, which stands for "Like Kind Quality," has expanded its footprint in North America for years. In 2012, it acquired a record 30 outfits.
New Parts For Business
LKQ's biggest buy at $810 million remains 2007's Keystone Automotive Industries, which nearly doubled its revenue and added more than 160 distribution warehouses .
"They know how to make an acquisition and integrate it effectively and speedily," said Elliott Schlang, managing director of Great Lakes Review, an institutional research boutique.
Great Lakes Review likes to focus on "best of class" midsize companies in the Midwest. LKQ is one.
"They're 20 times the size of their nearest competitors. That alone gets our attention," Schlang said.
The market for alternative car parts in the U.S. is highly fragmented, with lots of mom-and-pop operators. Schlang says LKQ has 25% to 30% share of that market.
In North America, LKQ is largely involved in collision repair parts such as headlights, fenders and doors, followed by mechanical components such as recycled engines, transmissions and body assemblies.
That puts it in a different market than do-it-yourself auto retailers such asAutoZone ( AZO ) andO'Reilly Automotive ( ORLY ), Schlang says.
Insurance companies typically pay for collision repairs and encourage repair shops to use some alternative parts to save money since they're 20% to 50% cheaper than original parts.
And since LKQ is the largest distributor, it often gets the business.
"It basically has an unmatched distribution network that reaches most major markets in the U.S. and Canada within the next day," Schlang said. "Their network of warehouses around the country and their ability to deliver with their own fleet of trucks gives them a leg up over everybody else."
LKQ has more than 3,500 trucks in North America to move parts from warehouses to repair shops.
Its close ties with insurance companies and repair shops spur sales.
"In North America, LKQ is building partnerships that make it easier for repair shops to source parts," said analyst Craig Kennison of Robert W. Baird, in an e-mail.
Inventory Goes Online
LKQ recently forged a new partnership with CCC Information Services, for example, which provides software connecting repair shops and insurance companies for looking up the cost of parts.
After checking the CCC One database, repair shops would phone LKQ or other suppliers for parts. Now they can order online straight from LKQ via the CCC One system.
Kennison expects LKQ inventory to be accessible to more than 4,000 repair shops through CCC One, resulting in higher demand.
LKQ is trying to replicate its business model in Europe.
"In Europe, LKQ is building its distribution footprint and partnership with the insurance industry to develop demand for collision parts, which is driving robust growth," Kennison said.
Unlike the U.S., LKQ's European business is more skewed to mechanical parts than parts for collision repairs. But that's changing as LKQ adds more collision-focused components to its network.
"LKQ is positioned to be a leading distributor of alternative parts in Europe as the market for less expensive parts takes off," Kennison noted.
Because collision repairs are paid mostly by insurance companies, LKQ's business hasn't been as susceptible to the ups and downs of the consumer economy.
"They've had 12 years of consistent growth right through the recession," Schlang said. "The consistency is unbelievable."
Earnings and revenue over the last four years have grown 23% a year on average. In the second quarter, revenue jumped 24% to $1.25 billion. Organic growth (excluding acquisitions) was up 13% for parts and services, with Europe accelerating 37.8% and North America 7.3%.
Earnings in the quarter rose 19% to 25 cents a share. LKQ stock jumped nearly 12% after the Aug. 1 report that gave new 2013 guidance.
Management raised the outlook, expecting organic revenue growth of 8.5% to 10.5% vs. 6.5% to 8.5% previously and EPS of $1.03 to $1.10, up from its earlier view of $1 to $1.09. LKQ earned 87 cents a share in 2012.
Besides Sator, it made six buys in the quarter of local or regional parts distributors in the U.S. and Canada.
LKQ is the fourth-largest firm by market cap in IBD's Retail/Wholesale-Auto Parts industry group, after AutoZone, O'Reilly andGenuine Parts Co. ( GPC )Advance Auto Parts ( AAP ) is a little smaller. Of those five biggest, LKQ stock is up the most this year, 40%. The company also has the highest Composite Rating in the group, 97 of a possible 99.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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LKQ is the fourth-largest firm by market cap in IBD's Retail/Wholesale-Auto Parts industry group, after AutoZone, O'Reilly andGenuine Parts Co. ( GPC )Advance Auto Parts ( AAP ) is a little smaller. In North America, LKQ is largely involved in collision repair parts such as headlights, fenders and doors, followed by mechanical components such as recycled engines, transmissions and body assemblies. "In North America, LKQ is building partnerships that make it easier for repair shops to source parts," said analyst Craig Kennison of Robert W. Baird, in an e-mail.
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LKQ is the fourth-largest firm by market cap in IBD's Retail/Wholesale-Auto Parts industry group, after AutoZone, O'Reilly andGenuine Parts Co. ( GPC )Advance Auto Parts ( AAP ) is a little smaller. New Parts For Business LKQ's biggest buy at $810 million remains 2007's Keystone Automotive Industries, which nearly doubled its revenue and added more than 160 distribution warehouses . "In North America, LKQ is building partnerships that make it easier for repair shops to source parts," said analyst Craig Kennison of Robert W. Baird, in an e-mail.
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LKQ is the fourth-largest firm by market cap in IBD's Retail/Wholesale-Auto Parts industry group, after AutoZone, O'Reilly andGenuine Parts Co. ( GPC )Advance Auto Parts ( AAP ) is a little smaller. LKQ 's ( LKQ ) British invasion in October 2011 was finessed through the $347 million acquisition of Euro Car Parts, the leading aftermarket parts distributor in the U.K. "LKQ is positioned to be a leading distributor of alternative parts in Europe as the market for less expensive parts takes off," Kennison noted.
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LKQ is the fourth-largest firm by market cap in IBD's Retail/Wholesale-Auto Parts industry group, after AutoZone, O'Reilly andGenuine Parts Co. ( GPC )Advance Auto Parts ( AAP ) is a little smaller. LKQ is one. LKQ has more than 3,500 trucks in North America to move parts from warehouses to repair shops.
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11919.0
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2013-08-13 00:00:00 UTC
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Advance Auto's Earnings & Sales Beat - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-autos-earnings-sales-beat-analyst-blog-2013-08-13
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) saw an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the same quarter of prior fiscal year. It also beat the Zacks Consensus Estimate of $1.48. Earnings benefited from higher gross margin and efficient cost control measures. Net earnings escalated 17.3% to $116.9 million from $99.6 million the second quarter of fiscal 2012.
Revenues went up 6.1% to $1.55 billion, beating the Zacks Consensus Estimate of $1.59 billion. The increase was driven by the acquisition of BWP Distributors and the net addition of 175 new stores in the last 12 months, partially offset by a decline in comparable store sales of 0.3% versus a decrease of 2.7% during the second quarter of fiscal 2012.
Gross profit increased 6.9% to $779.2 million or 50.3% of sales in the quarter compared with $728.9 million or 49.9% of sales a year ago. The increase in gross profit was driven by higher merchandise margins due to lower acquisition costs and a favorable product mix. This was partially offset by higher supply chain costs due to full operations of the new distribution center and the impact of BWP sales, which had higher mix of Commercial sales, resulting in lower gross margin.
SG&A expense was $584.5 million or 37.7% of sales in the quarter, compared with $559.7 million or 38.3% in the second quarter of fiscal 2012. The decline was driven by lower marketing expense, increased labor productivity and lower credit card fees, partially offset by higher incentive compensation and expense owing to decline in comparable store sales and increase in new store openings.
Operating income increased 15.1% to $194.7 million from $169.2 million in the second quarter of fiscal 2012. Operating margin was 12.6% versus 11.6% a year ago.
Store Openings
During the quarter, Advance Auto opened 26 stores, including 5 Autopart International stores, and closed 5 stores. As of Jul 13, 2013, the company's total store count stood at 3,990, including 227 Autopart International stores.
Recently, Advance Auto opened its 4,000th store. The store is based in Montgomery, N.Y., a strategic location to support the company to expand its footprint. The new store will provide customers with a wide range of parts and recognized national brands along with several free services.
Share Repurchase
Advance Auto repurchased about 1 million shares at an aggregate cost of $74.5 million, implying an average price of $77.38. As of Jul 13, 2013, the company had roughly $418 million available on its $500 million share repurchase program authorized by its Board on May 14, 2012.
Financial Position
Advance Auto had cash and cash equivalents of $521 million as of Jul 13, 2013, an increase from $448.6 million as of Jul 14, 2012. Long-term debt increased to $605 million as of Jul 13, 2013, from $600.5 million as of Jul 14, 2012. The long-term debt-to-capitalization ratio stood at 30.6%, versus 36.1% as of Jul 14, 2012.
In the 28-week period, ended Apr 20, 2013, operating cash flow dipped to $310.1 million from $411.4 million in the year-ago period. The decline in cash flow was due to increases in accounts receivable and inventories.
Outlook
Advance Auto continues to expect earnings between $5.30 and $5.45 per share for 2013 with modest increase in gross profit.
Advance Auto, which is a prominent player in the automotive replacement parts and accessories industry along with AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ), retains a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) saw an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in gross profit was driven by higher merchandise margins due to lower acquisition costs and a favorable product mix.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) saw an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the same quarter of prior fiscal year. The decline was driven by lower marketing expense, increased labor productivity and lower credit card fees, partially offset by higher incentive compensation and expense owing to decline in comparable store sales and increase in new store openings.
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Advance Auto Parts Inc. ( AAP ) saw an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The decline was driven by lower marketing expense, increased labor productivity and lower credit card fees, partially offset by higher incentive compensation and expense owing to decline in comparable store sales and increase in new store openings.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) saw an 18.7% rise in earnings to $1.59 per share in the second quarter of fiscal 2013 (ended Jul 13, 2013) from $1.34 per share in the same quarter of prior fiscal year. Gross profit increased 6.9% to $779.2 million or 50.3% of sales in the quarter compared with $728.9 million or 49.9% of sales a year ago.
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11920.0
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2013-08-12 00:00:00 UTC
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Advance Auto Ups Store Count to 4K - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-ups-store-count-to-4k-analyst-blog-2013-08-12
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nan
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nan
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Leading automotive retailer Advance Auto Parts Inc. ( AAP ) has opened its 4,000th store. The store is based in Montgomery, N.Y., a strategic location to support the company to expand its footprint.
Advance Auto's newest store will provide customers with a wide range of parts and recognized national brands along with several free services. The store's team members will install windshield wipers for free, provide complimentary check of a vehicle's electrical system and old battery, and will also install new battery with purchase of most vehicles at no extra cost.
In addition, Advance Auto's new store will supply parts to local commercial customers including professional mechanics and garages. It will also recycle used motor oil and batteries, thus preventing any environmental hazards.
Advance Auto has increased its store count by 3,000 units since 1995 either through opening stores or by acquisitions. The automotive retailer, which had started with only 3 stores in Virginia, now serves millions of customers across 39 states, Puerto Rico and the Virgin Islands. Advance Auto now focuses on expanding its business and better serving its customers.
During the second quarter of 2013, Advance Auto opened 26 stores, including 5 Autopart International stores, and closed 5 stores. As of Jul 13, 2013, the company's total store count stood at 3,990, including 227 Autopart International stores.
Advance Auto saw an 18.7% increase in earnings to $1.59 per share in the second quarter of its fiscal year ended Jul 13, 2013, from $1.34 in the same quarter of prior fiscal year. It beat the Zacks Consensus Estimate of $1.48 per share. Revenues went up 6.1% to $1.55 billion, missing the Zacks Consensus Estimate of $1.59 billion.
Advance Auto carries a Zacks Rank #3 (Hold).
Another automotive retailer AutoNation Inc. ( AN ) reported all-time record earnings from operations in the second quarter of 2013. The company posted a 10.6% rise in earnings per share to 73 cents in the second quarter from 66 cents in the same quarter of 2012. However, earnings per share missed the Zacks Consensus Estimate by a penny.
Other stocks that are performing well in the industry where Advance Auto operates include O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). Both carry a Zacks Rank #2 (Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Leading automotive retailer Advance Auto Parts Inc. ( AAP ) has opened its 4,000th store. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto's newest store will provide customers with a wide range of parts and recognized national brands along with several free services.
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Leading automotive retailer Advance Auto Parts Inc. ( AAP ) has opened its 4,000th store. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. During the second quarter of 2013, Advance Auto opened 26 stores, including 5 Autopart International stores, and closed 5 stores.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Leading automotive retailer Advance Auto Parts Inc. ( AAP ) has opened its 4,000th store. Advance Auto has increased its store count by 3,000 units since 1995 either through opening stores or by acquisitions.
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Leading automotive retailer Advance Auto Parts Inc. ( AAP ) has opened its 4,000th store. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. During the second quarter of 2013, Advance Auto opened 26 stores, including 5 Autopart International stores, and closed 5 stores.
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11921.0
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2013-08-08 00:00:00 UTC
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Standard Motor Q2 Earnings & Rev Miss - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-q2-earnings-rev-miss-analyst-blog-2013-08-08
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nan
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nan
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Standard Motor Product Inc. ( SMP ) reported an 18.6% rise in adjusted earnings per share to 70 cents in the second quarter of 2013 from 59 cents in the year-ago quarter. However, earnings per share missed the Zacks Consensus Estimate of 76 cents. Profits went up 20.6% to $16.4 million from $13.6 million in the year-ago quarter.
Total revenue increased 0.5% to $270.1 million, missing the Zacks Consensus Estimate of $283 million. The marginal rise in revenues was attributable to decrease in revenues from Temperature Control segment, partially offset by better performance in the Engine Management segment.
Gross profit improved 12.2% to $77.8 million or 28.8% of sales from $69.3 million or 25.8% of sales in the second quarter of 2012, driven by expansion of the low-cost manufacturing operations together with benefits from recent acquisitions.
Operating income increased 19.7% to $27.2 million from $22.7 million in the second quarter of 2012. Operating margin improved to 10.1% from 8.4% in the year-ago quarter.
Segment Results
Revenues from the Engine Management segment rose 5.4% to $182.1 million. Operating profit grew 38.1% to $24.8 million from $17.9 million in the corresponding quarter last year.
Revenues from the Temperature Control segment declined 6.9% to $86.7 million due to unfavorable weather impacts. The company recorded an operating income of $6.9 million compared with $7.7 million in the second quarter of 2012. Revenues from all other segment declined 55.7% to $1.4 million from $3.2 million year ago.
Financial Position
Standard Motors had cash balance of $12.3 million as of Jun 30, 2013, compared with $13.1 million on Dec 31, 2012. Long-term debt of the company was $133,000 as of Jun 30, 2013, down from $195,000 as of Dec 31, 2012.
In the second quarter of fiscal 2013, the company had cash outflow of $12.4 million from operating activities compared with cash inflow of $21.2 million in the year-ago period. Capital expenditures increased to $5.5 million from $5.3 million a year ago.
Our Take
Standard Motor, based in Long Island City, N.Y, is one of the leading manufacturers, distributors and marketers of automotive replacement parts in the U.S. Further, it enjoys strong brand recognition globally and a less cyclical end-market within the auto and auto parts industry.
However, we are concerned about the company's high dependence on its customers including Advance Auto Parts Inc. ( AAP ) for its business. The company retains a Zacks Rank #1 (Strong Buy).
Some other stocks that are performing well in the industry where Standard Motor operates include Motorcar Parts of America Inc. ( MPAA ) and LKQ Corp. ( LKQ ), both are Zacks Rank #2 (Buy) stocks.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
LKQ CORP (LKQ): Free Stock Analysis Report
MOTORCAR PARTS (MPAA): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, we are concerned about the company's high dependence on its customers including Advance Auto Parts Inc. ( AAP ) for its business. ADVANCE AUTO PT (AAP): Free Stock Analysis Report LKQ CORP (LKQ): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues from the Temperature Control segment declined 6.9% to $86.7 million due to unfavorable weather impacts.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report LKQ CORP (LKQ): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about the company's high dependence on its customers including Advance Auto Parts Inc. ( AAP ) for its business. Total revenue increased 0.5% to $270.1 million, missing the Zacks Consensus Estimate of $283 million.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report LKQ CORP (LKQ): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about the company's high dependence on its customers including Advance Auto Parts Inc. ( AAP ) for its business. The company recorded an operating income of $6.9 million compared with $7.7 million in the second quarter of 2012.
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However, we are concerned about the company's high dependence on its customers including Advance Auto Parts Inc. ( AAP ) for its business. ADVANCE AUTO PT (AAP): Free Stock Analysis Report LKQ CORP (LKQ): Free Stock Analysis Report MOTORCAR PARTS (MPAA): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Profits went up 20.6% to $16.4 million from $13.6 million in the year-ago quarter.
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11922.0
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2013-08-07 00:00:00 UTC
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Pre-Market Earnings Report for August 8, 2013 : CNQ, MFC, BCE, BEAM, VALE, AES, THI, SNI, OGE, LINE, AAP, PWE
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-8-2013-cnq-mfc-bce-beam-vale-aes-thi-sni-oge-line-aap
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nan
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nan
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The following companies are expected to report earnings prior to market open on 08/08/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Canadian Natural Resources Limited ( CNQ ) is reporting for the quarter ending June 30, 2013. The oil company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.39. This value represents a 33.90% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CNQ is 14.14 vs. an industry ratio of 11.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Manulife Financial Corp ( MFC ) is reporting for the quarter ending June 30, 2013. The life insurance company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.32. This value represents a 10.34% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for MFC is 13.52 vs. an industry ratio of 10.40, implying that they will have a higher earnings growth than their competitors in the same industry.
BCE, Inc. ( BCE ) is reporting for the quarter ending June 30, 2013. The diversified company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.75. This value represents a 26.47% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BCE is 13.79 vs. an industry ratio of -24.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Beam Inc. ( BEAM ) is reporting for the quarter ending June 30, 2013. The alcohol company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.60. This value represents a 3.45% increase compared to the same quarter last year. In the past year BEAM has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for BEAM is 24.61 vs. an industry ratio of 23.30, implying that they will have a higher earnings growth than their competitors in the same industry.
VALE S.A. ( VALE ) is reporting for the quarter ending June 30, 2013. The mining (iron) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.49. This value represents a 28.99% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for VALE is 7.12 vs. an industry ratio of -8.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The AES Corporation ( AES ) is reporting for the quarter ending June 30, 2013. The electric power utilities company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.26. This value represents a 85.71% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AES is 10.05 vs. an industry ratio of 15.20.
Tim Hortons Inc. ( THI ) is reporting for the quarter ending June 30, 2013. The restaurant company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.75. This value represents a 8.70% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for THI is 20.05 vs. an industry ratio of 27.00.
Scripps Networks Interactive, Inc ( SNI ) is reporting for the quarter ending June 30, 2013. The broadcast (radio/tv) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.06. This value represents a 13.98% increase compared to the same quarter last year. SNI missed the consensus earnings per share in the 4th calendar quarter of 2012 by -7.69%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for SNI is 19.95 vs. an industry ratio of 22.00.
OGE Energy Corporation ( OGE ) is reporting for the quarter ending June 30, 2013. The electric power utilities company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.47. This value represents a no change for the same quarter last year. OGE missed the consensus earnings per share in the 1st calendar quarter of 2013 by -29.41%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for OGE is 20.96 vs. an industry ratio of 15.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Linn Energy, LLC ( LINE ) is reporting for the quarter ending June 30, 2013. The oil (us exp & production) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.23. This value represents a 25.81% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for LINE is 25.05 vs. an industry ratio of 1.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2013. The wholesale retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.48. This value represents a 10.45% increase compared to the same quarter last year. AAP missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.21 vs. an industry ratio of 15.40.
Penn West Petroleum Ltd ( PWE ) is reporting for the quarter ending June 30, 2013. The oil company's consensus earnings per share forecast from the 2 analysts that follow the stock is $-0.03. This value represents a 106.67% decrease compared to the same quarter last year. The last two quarters PWE had negative earnings surprises; the latest report they missed by -150%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for PWE is -59.85 vs. an industry ratio of 11.90.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2013. AAP missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.21 vs. an industry ratio of 15.40.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2013. AAP missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.21 vs. an industry ratio of 15.40.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2013. AAP missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.21 vs. an industry ratio of 15.40.
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AAP missed the consensus earnings per share in the 2nd calendar quarter of 2012 by -4.29%. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.21 vs. an industry ratio of 15.40.
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11923.0
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2013-06-18 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for June 19, 2013
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-june-19-2013-2013-06-18
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nan
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nan
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Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 19, 2013. A cash dividend payment of $0.06 per share is scheduled to be paid on July 05, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 30th quarter that AAP has paid the same dividend. At the current stock price of $82.48, the dividend yield is .29%.
The previous trading day's last sale of AAP was $82.48, representing a -7.05% decrease from the 52 week high of $88.74 and a 35.5% increase over the 52 week low of $60.87.
AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $5.08. Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 5.12%, compared to an industry average of -.5%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL )
N/A (NASI)
Direxion Daily Retail Bull 3X Shares ETF ( RETL ).
The top-performing ETF of this group is RETL with an increase of 42.8% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). Zacks Investment Research reports AAP's forecasted earnings growth in 2013 as 5.12%, compared to an industry average of -.5%.
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AAP's current earnings per share, an indicator of a company's profitability, is $5.08. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 19, 2013.
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the AAP Dividend History page. The following ETF(s) have AAP as a top-10 holding: QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL )
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP's current earnings per share, an indicator of a company's profitability, is $5.08. Advance Auto Parts Inc ( AAP ) will begin trading ex-dividend on June 19, 2013.
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11924.0
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2013-06-13 00:00:00 UTC
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Pep Boys Earnings Slump in 1Q - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/pep-boys-earnings-slump-in-1q-analyst-blog-2013-06-13
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nan
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nan
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Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings declined 60% to 2 cents per share in the first quarter of fiscal 2013 ended May 4, 2013, compared with 5 cents per share in the prior-year quarter. Earnings were also way short of the Zacks Consensus Estimate of 22 cents a share. Net income declined 52.5% to $1.3 million from $2.7 million in the first quarter of fiscal 2012.
On a reported basis, Pep Boys posted a profit of $3.9 million or 7 cents per share compared with $1.1 million or 2 cents per share in the year-ago quarter. These included asset impairment charge of $1.2 million and tax benefit of $3.8 million, while 2012 earnings incorporated $1.6 million of merger related costs.
Revenues for the thirteen weeks ended May 4 climbed 2.2% to $536.2 million from $524.6 million for the thirteen weeks ended Apr 28, 2012. Comparable store sales increased 1% in the quarter due to a 4.2% rise in comparable service revenues and 0.1% hike in comparable merchandise sales. Revenues from merchandise sales went up 1.2% to $417.2 million year ago, while service revenues improved 6% to $119.0 million.
Financial Position
Pep Boys had cash and cash equivalents of $56.1 million as of May 4, 2013 compared with $99.4 million as of Apr 28, 2012. Long-term debt stood at $197.5 million compared with $293.8 million as of Apr 28, 2012. This translated into a long-term debt-to-capitalization ratio of 26.7% as of May 4, 2013, versus 36.7% as of Apr 28, 2012.
In the first three months of fiscal 2013, Pep Boys' cash flow from operations was $9.4 million, significantly down from $38.0 million in the prior year owing to a fall in profits. However, capital expenditures increased to $12.8 million from $11.9 million in the first three months of fiscal 2012.
Our Take
Based in Philadelphia, PA, Pep Boys supplies tires, batteries, new and remanufactured parts for vehicles, chemicals and maintenance items, fashion, electronic, and performance accessories. It also provides non-automotive merchandises such as generators, power tools and personal transportation products. Currently, the company retains a Zacks Rank #4 (Sell) on its stock.
Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys - Manny, Moe & Jack 's ( PBY ) adjusted earnings declined 60% to 2 cents per share in the first quarter of fiscal 2013 ended May 4, 2013, compared with 5 cents per share in the prior-year quarter.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, Pep Boys posted a profit of $3.9 million or 7 cents per share compared with $1.1 million or 2 cents per share in the year-ago quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). On a reported basis, Pep Boys posted a profit of $3.9 million or 7 cents per share compared with $1.1 million or 2 cents per share in the year-ago quarter.
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Pep Boys is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. On a reported basis, Pep Boys posted a profit of $3.9 million or 7 cents per share compared with $1.1 million or 2 cents per share in the year-ago quarter.
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11925.0
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2013-06-12 00:00:00 UTC
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Standard Motors Remains Outperform - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motors-remains-outperform-analyst-blog-2013-06-12
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nan
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nan
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On June 7, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ) based on its strong brand recognition, less cyclical end-market, efficient debt management measures, and impressive 2013-first quarter performance.
Why the Reiteration?
On May 3, Standard Motor reported a staggering 82.6% rise in adjusted earnings per share to 42 cents in the first quarter of 2013 from 23 cents in the year-ago quarter. Earnings per share also surpassed the Zacks Consensus Estimate by 10 cents. Profits went up 79.6% to $9.7 million from $5.4 million in the year-ago quarter.
Total revenue increased 9% to $230.7 million, missing the Zacks Consensus Estimate of $234.0 million. The year-over-year growth in revenues was attributable to the positive impact from the company's acquisitions and strong performance of the company's Temperature Control segment.
Following the release of the first quarter results, the Zacks Consensus Estimate for 2013 increased 5.9% to $2.33 per share. Moreover, the Zacks Consensus Estimate for 2014 increased 5.8% to $2.55 per share. With the Zacks Consensus Estimates for both 2012 and 2013 going up, the company retains a Zacks Rank #1 (Strong Buy).
Standard Motor benefits from its strong brand recognition. With a focus on the aftermarket, the company is less exposed to the cyclical automotive industry. The company will benefit from rising demand for repair products on the back of improved used vehicles market, increase in the number of automobiles on the road and rise in the average age of vehicles in the U.S.
However, the company faces challenges from concentrated customer base. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). These companies account for over 10% of its revenues.
Other Stocks to Consider
Apart from Standard Motor, other stocks that are performing well in the broader industry include Tower International, Inc. ( TOWR ). It retains a Zacks Rank #1 (Strong Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
TOWER INTL INC (TOWR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report TOWER INTL INC (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. On June 7, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ) based on its strong brand recognition, less cyclical end-market, efficient debt management measures, and impressive 2013-first quarter performance.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report TOWER INTL INC (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). On June 7, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ) based on its strong brand recognition, less cyclical end-market, efficient debt management measures, and impressive 2013-first quarter performance.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report TOWER INTL INC (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). Total revenue increased 9% to $230.7 million, missing the Zacks Consensus Estimate of $234.0 million.
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The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report TOWER INTL INC (TOWR): Free Stock Analysis Report To read this article on Zacks.com click here. On May 3, Standard Motor reported a staggering 82.6% rise in adjusted earnings per share to 42 cents in the first quarter of 2013 from 23 cents in the year-ago quarter.
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11926.0
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2013-06-04 00:00:00 UTC
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AutoZone Cruises As Consumers Stick With Older Cars
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AAP
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https://www.nasdaq.com/articles/autozone-cruises-consumers-stick-older-cars-2013-06-04
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nan
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nan
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Auto parts retailers might not pop the champagne when the economy hits the skids and folks delay buying big-ticket items like cars and trucks.
But they probably don't mind it a great deal, either. When people put off buying new cars, it means they put their money into maintaining and repairing old ones.
This works in the favor of companies likeAutoZone ( AZO ). It's the nation's largest auto parts retail chain with nearly 4,800 stores in 49 states, the District of Columbia and Puerto Rico. It also has 341 stores in Mexico and one in Brazil.
AutoZone sells auto parts and accessories to consumers in the Do-It-Yourself (DIY) market and repair shops in the Do-It-For-Me (DIFM) market.
Old Cars, New Parts
Like other auto parts companies, includingO'Reilly Automotive ( ORLY ),Genuine Parts ( GPC ) andAdvance Auto Parts ( AAP ), AutoZone tends to flourish when the nation's fleet of cars on the road grows older.
That's been happening for several years now as recession-weary consumers decided to stick with their old vehicles rather than trade them in for something newer.
Not coincidentally, AutoZone has delivered a years-long run of double-digit earnings gains and steady revenue growth.
"Because people are keeping their cars longer, they're doing more maintenance on them. Cars are also lasting longer because they're much more durable," said Aaron Lowe, vice president of government affairs at the Automotive Aftermarket Industry Association, or AAIA. "This has all been good for the parts industry."
The average age of cars and trucks on the road is at a record high of 11.3 years, says Ron Rossi, the AAIA's director of market intelligence.
He points out that over the last five years, the number of vehicles 11 years and older has grown at a 3.95% compounded annual rate.
Meanwhile, the number of vehicles less than five years old has declined 6.5% over the same period, and the number six to 10 years old has dropped 1.3%.
The reason is simple: Younger cars are getting older, and older cars are staying on the road.
"The 11-year-and-older category is the aftermarket sweet spot," Rossi said. "It plays well into the DIFM and the DIY markets, both of which AutoZone is very interested in."
Even so, there are signs that consumers are changing their buying habits. U.S. auto sales in May rose 8% to an annualized 15.3 million vehicles, according to Autodata, above expectations.
It is unclear how these trends will affect the auto parts industry.
New cars typically come with warranties that let consumers get repairs at dealerships for a certain number of years rather than having to take them to independent repair shops or fix the cars themselves. Those trends work against auto parts retailers.
But even with rising sales of new cars, some watchers say there is still plenty of business left over for the aftermarket parts industry.
"In the interim, there are enough older vehicles on the road that the aftermarket should continue to see steady business in the years ahead," Rossi said.
The aftermarket parts industry is expected to grow at a rate of 3.4% a year through 2016, according to a report recently released by the AAIA and Automotive Aftermarket Suppliers Association.
Still, there are signs auto parts retailers are facing more head winds than they did a couple of years ago.
Decelerating Growth
AutoZone's quarterly earnings growth has decelerated or been flat in eight of the last nine quarters. Sales growth has decelerated or been flat nine quarters in a row.
Analysts polled by Thomson Reuters expect annual earnings this fiscal year to climb 18%, down from 21% growth in fiscal 2012 and 30% in 2011. Yearly earnings are seen rising 13% in both 2014 and '15.
"Certainly, the industry is growing slower than it did in 2010-11," noted Christopher Horvers, an analyst at JPMorgan. "But we believe results from AutoZone, Genuine Parts and O'Reilly show that 2013 is positioned to benefit from easier comparisons and a more normalized winter."
There are certainly far worse problems than dropping from 20%-or-better EPS growth to growth in the low to midteens. AutoZone has managed to deliver consistent gains because of its operational prowess, analysts say.
"AutoZone has used the cyclical boom in the category to fund commercial investments and as a means to buffer any potential slowdown in sales," Horvers noted. "Strong growth runway in DIFM, coupled with best-in-class execution in the DIY business, places AutoZone in a favorable position."
Meanwhile, the company continues to deliver solid financial results. It reported earnings of $6.27 a share for its fiscal third quarter, which ended May 5. That was up 16% from the prior year and 2 cents above analyst views.
Overall sales climbed 4.5% to $2.2 billion -- above estimates for $2.13 billion -- though same-store sales declined 0.1%.
AutoZone shares rose 6% to a record high of 435.35 on the day the company reported results. The stock currently trades near 416.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Old Cars, New Parts Like other auto parts companies, includingO'Reilly Automotive ( ORLY ),Genuine Parts ( GPC ) andAdvance Auto Parts ( AAP ), AutoZone tends to flourish when the nation's fleet of cars on the road grows older. Auto parts retailers might not pop the champagne when the economy hits the skids and folks delay buying big-ticket items like cars and trucks. Cars are also lasting longer because they're much more durable," said Aaron Lowe, vice president of government affairs at the Automotive Aftermarket Industry Association, or AAIA.
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Old Cars, New Parts Like other auto parts companies, includingO'Reilly Automotive ( ORLY ),Genuine Parts ( GPC ) andAdvance Auto Parts ( AAP ), AutoZone tends to flourish when the nation's fleet of cars on the road grows older. Decelerating Growth AutoZone's quarterly earnings growth has decelerated or been flat in eight of the last nine quarters. Analysts polled by Thomson Reuters expect annual earnings this fiscal year to climb 18%, down from 21% growth in fiscal 2012 and 30% in 2011.
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Old Cars, New Parts Like other auto parts companies, includingO'Reilly Automotive ( ORLY ),Genuine Parts ( GPC ) andAdvance Auto Parts ( AAP ), AutoZone tends to flourish when the nation's fleet of cars on the road grows older. AutoZone sells auto parts and accessories to consumers in the Do-It-Yourself (DIY) market and repair shops in the Do-It-For-Me (DIFM) market. The aftermarket parts industry is expected to grow at a rate of 3.4% a year through 2016, according to a report recently released by the AAIA and Automotive Aftermarket Suppliers Association.
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Old Cars, New Parts Like other auto parts companies, includingO'Reilly Automotive ( ORLY ),Genuine Parts ( GPC ) andAdvance Auto Parts ( AAP ), AutoZone tends to flourish when the nation's fleet of cars on the road grows older. He points out that over the last five years, the number of vehicles 11 years and older has grown at a 3.95% compounded annual rate. "In the interim, there are enough older vehicles on the road that the aftermarket should continue to see steady business in the years ahead," Rossi said.
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11927.0
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2013-06-03 00:00:00 UTC
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AutoZone Remains Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-remains-neutral-analyst-blog-2013-06-03
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nan
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nan
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On May 29, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), based on its improved third quarter fiscal 2013 performance combined with the company's focus on share repurchase program and store expansion. However, we are concerned about the rising gas prices and AutoZone's heavy reliance on its private-label brands.
Why the Reiteration?
On May 21, AutoZone reported a 15.8% rise in earnings per share to $7.27 for the third quarter of fiscal 2013 (ended May 4, 2013) from $6.28 in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate by 6 cents. Quarterly revenues increased 4.4% to $2.2 billion. Domestic same-store sales (sales for stores open at least one year) decreased 0.1% in the quarter.
Following the release of the third quarter results, the Zacks Consensus Estimate for fiscal 2013 increased marginally by 0.4% to $27.63 per share. The Zacks Consensus Estimate for fiscal 2014 went up 0.8% to $31.23 per share. Currently, AutoZone retains a Zacks Rank #3 (Hold).
AutoZone actively focuses on its store-opening strategy. In the first nine months of fiscal 2013, the company has opened 84 stores in the U.S. and 20 stores in Mexico. As of May 4, 2013, the company had 4,767 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 341 stores in Mexico and one store in Brazil.
Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. During the first quarter of fiscal year ended Apr 20, 2013, it acquired 124 BWP stores and opened 56 stores, including 7 Autopart International stores, and closed 5 stores.
CarMax Inc. ( KMX ), one of the largest used vehicles retailers, opened two stores, penetrating the Denver, Colorado, and Jacksonville, Florida, markets in the fourth quarter of fiscal 2013. In fiscal 2013, the company has opened ten stores, bringing its used car superstore count to 118 as of Feb 28, 2013. The company intends to open between 10 and 15 superstores in each of the following two fiscal years.
Increasing vehicles on roads and the subsequent growth in demand for auto parts is benefiting AutoZone. Revenues from Mexico benefited from the abundance of old cars and a shortage of quality parts. In this situation, AutoZone plans to gain market share by category-management efforts and supply-chain initiatives in the retail segment.
However, we are concerned about rising gas prices, which has an adverse impact on miles driven and lead to deferment of maintenance by the customers. In addition, AutoZone has a high degree of reliance on its private-label brands, which could hinder its commercial business.
Other Stocks to Look For
Currently, O'Reilly Automotive Inc. ( ORLY ), with Zacks Rank #2 (Buy), is performing well in the auto parts industry.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On May 29, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), based on its improved third quarter fiscal 2013 performance combined with the company's focus on share repurchase program and store expansion.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about the rising gas prices and AutoZone's heavy reliance on its private-label brands.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. On May 29, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), based on its improved third quarter fiscal 2013 performance combined with the company's focus on share repurchase program and store expansion.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On May 21, AutoZone reported a 15.8% rise in earnings per share to $7.27 for the third quarter of fiscal 2013 (ended May 4, 2013) from $6.28 in the year-ago quarter.
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11928.0
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2013-05-28 00:00:00 UTC
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AutoZone Earnings Beat Estimates - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-earnings-beat-estimates-analyst-blog-2013-05-28
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nan
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nan
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AutoZone Inc. ( AZO ) reported a 15.8% rise in earnings per share to $7.27 for the third quarter of fiscal 2013 (ended May 4, 2013) from $6.28 in the year-ago quarter. Earnings surpassed the Zacks Consensus Estimate by 6 cents. Net income went up 6.8% to $265.6 million from $248.6 million in the year-ago quarter.
Quarterly revenues increased 4.4% to $2.2 billion. Domestic same-store sales (sales for stores open at least one year) decreased 0.1% in the quarter.
Gross profit increased 4.9% to $1.14 billion, or 51.8% of sales, from $1.09 billion, or 51.6% of sales, in the year-ago quarter. The year-over-year growth in margins was attributable to reduction in acquisition costs, partially offset by the inclusion of AutoAnything.
Operating income climbed 6.7% to $456.0 million from $427.3 million in the third quarter of fiscal 2012. Operating expenses increased 3.6% to $686.7 million, or 31.1% of sales, versus $662.5 million, or 31.4% of sales, a year ago. The marginal decline in operating expenses as a percentage of sales was due to lower incentive compensation.
Store Opening and Inventory
AutoZone opened 33 new stores, relocated 3 stores, and closed 1 store in the U.S. It also opened 7 new stores in Mexico. As of May 4, 2013, the company had 4,767 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 341 stores in Mexico and one store in Brazil.
The company's inventory grew 6.3% in the quarter, driven by an improvement in store count and continued strategic investments in hard parts assortment. Inventory per store increased a mere 2.1% to $547,000 from $536,000 in the corresponding quarter of last year.
Share Repurchase
During the quarter, AutoZone repurchased 833,000 shares for $325.0 million, reflecting an average price of $390.0 per share. The company had $278 million worth of shares remaining for repurchase at the end of the third quarter.
Financial Details
AutoZone had cash and cash equivalents of $133.7 million as of May 4, 2013, up from $103.1 million as of May 5, 2012. Total debt amounted to $4.0 billion as of May 4, 2013, compared with $3.6 billion as of May 5, 2012. The company had a stockholder deficit of $1.5 billion as of May 4, 2013, up from $1.4 billion as of May 5, 2012.
During the first nine months of fiscal 2013, the company generated net cash flow of $625.2 million before share repurchases and changes in debt compared with $631.6 million in the same period a year ago. Capital spending increased to $258.9 million from $228.3 million in the first nine months of fiscal 2012.
Our Take
AutoZone is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). Currently, shares of the company retain a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Our Take AutoZone is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year growth in margins was attributable to reduction in acquisition costs, partially offset by the inclusion of AutoAnything.
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Our Take AutoZone is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Operating expenses increased 3.6% to $686.7 million, or 31.1% of sales, versus $662.5 million, or 31.4% of sales, a year ago.
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Our Take AutoZone is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Store Opening and Inventory AutoZone opened 33 new stores, relocated 3 stores, and closed 1 store in the U.S.
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Our Take AutoZone is a prominent player in the automotive replacement parts and accessories industry along with Advance Auto Parts Inc. ( AAP ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) reported a 15.8% rise in earnings per share to $7.27 for the third quarter of fiscal 2013 (ended May 4, 2013) from $6.28 in the year-ago quarter.
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11929.0
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2013-05-28 00:00:00 UTC
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Advance Auto Beats but Earnings Fall - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-beats-but-earnings-fall-analyst-blog-2013-05-28
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) saw a 7.8% decline in earnings to $1.65 per share in the first quarter of its fiscal year ended Apr 20, 2013 from $1.79 in the same quarter of prior fiscal year. Nevertheless, earnings were higher than the Zacks Consensus Estimate of $1.61 per share. Net earnings fell 8.8% to $121.8 million from $133.5 million in the first quarter of fiscal 2012.
Revenues went up 3.0% to $2.02 billion, nearly meeting the Zacks Consensus Estimate of $2.01 billion. The increase was driven by the acquisition of BWP Distributors and the net addition of 163 new stores in the last 12 months, partially offset by a decline in comparable store sales of 3.2% versus an increase of 2.1% during the first quarter of fiscal 2012.
Comparable store sales in the quarter were hurt by unseasonably warm weather, which had deferred the maintenance on vehicles. Further, payroll tax increases, delayed income tax refunds and a very slow start to the spring selling season led to softer business.
Gross margin was 50.0% during the quarter compared with 50.1% a year ago. The eight basis-point decrease in gross profit rate was driven by planned increases in supply chain costs related to the full operations of the company's new distribution center and the impact of BWP sales, which have a lower gross margin rate as a result of higher mix of their sales to commercial customers. These were partially offset by improved shrink rates.
SG&A was 39.9% of sales during the quarter compared with 38.6% in the first quarter of fiscal 2012. The 127 basis-point increase was driven by lower expenses due to the company's 3.2% decline in comparable store sales and increased new store openings. These were partially offset by lower advertising expenses and a decrease in credit card fees because of the in sourcing of the company's commercial credit program.
Operating income decreased 9.1% to $204.1 million from $224.6 million in the first quarter of fiscal 2012. Operating margin was 10.1% versus 11.5% in the first quarter of fiscal 2012.
Store Openings
During the quarter, Advance Auto Parts acquired 124 BWP stores and opened 56 stores, including 7 Autopart International stores, and closed 5 stores. As of Apr 20, 2013, the company's total store count stood at 3,969, including 223 Autopart International stores.
Share Repurchase
Advance Auto repurchased about 767 thousand shares of its common stock at an aggregate cost of $58.8 million, implying an average price of $76.72. As of Apr 20, 2013, the company had approximately $434 million available on its $500 million share repurchase program authorized by the Board of Directors on May 14, 2012.
Financial Position
Advance Auto Parts had cash and cash equivalents of $407.7 million as of Apr 20, 2013, an increase from $364.1 million in the corresponding period a year ago. Long-term debt increased to $605.0 million as of the above date compared with $600.6 million as of Apr 21, 2012. The long-term debt-to-capitalization ratio stood at 32.3%, down from 38.0% as of Apr 21, 2012.
In the 16-week period, ended Apr 20, 2013, operating cash flow dipped to $135.3 million from $235.4 million in the year-ago period. The decline in cash flow was primarily attributable to lower earnings and increases in accounts receivable and inventories. Capital expenditures (net) decreased to $63.0 million from $82.3 million a year ago.
Our Take
Advance Auto Parts, a Zacks #3 Rank (Hold) stock, Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks.
Advance Auto Parts lowered its earnings outlook for fiscal 2013 due to the short-term softness in sales and the slow start to spring. The company now expects to earn at the lower end of its previously announced outlook of $5.30 and $5.45.per share for the year. Currently, its shares retain a Zacks Rank #3, which translates to a short-term (1 to 3 months) rating of Hold.
The company's competitors, AutoNation Inc. ( AN ), O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ) have recently reported their first quarter results.
AutoNation posted a 21.4% rise in earnings per share to 68 cents for the quarter from 56 cents in the same quarter of 2012, topping the Zacks Consensus Estimate by 5 cents. Revenues increased 10.8% to $4.1 billion, nearly tallying the Zacks Consensus Estimate of $4.0 billion.
In the same quarter, O'Reilly Automotive posted a 19.3% increase in earnings to $1.36 per share compared with $1.14 in the year-ago quarter, exceeding the Zacks Consensus Estimate by a penny. Revenues during the quarter scaled up 4% to $1.59 billion from $1.53 billion in the same period a year ago.
Last month, CarMax posted a profit of $107.2 million or 46 cents per share in the fourth quarter of fiscal 2013 ended Feb 28, 2013, barely exceeding the Zacks Consensus Estimate by a penny. Profits increased 12.8% from $95.0 million or 12.2% from 41 cents per share in the prior-year quarter. Net sales and operating revenues in the quarter rose 14% to $2.83 billion, topping the Zacks Consensus Estimate of $2.70 billion.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) saw a 7.8% decline in earnings to $1.65 per share in the first quarter of its fiscal year ended Apr 20, 2013 from $1.79 in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The eight basis-point decrease in gross profit rate was driven by planned increases in supply chain costs related to the full operations of the company's new distribution center and the impact of BWP sales, which have a lower gross margin rate as a result of higher mix of their sales to commercial customers.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) saw a 7.8% decline in earnings to $1.65 per share in the first quarter of its fiscal year ended Apr 20, 2013 from $1.79 in the same quarter of prior fiscal year. Store Openings During the quarter, Advance Auto Parts acquired 124 BWP stores and opened 56 stores, including 7 Autopart International stores, and closed 5 stores.
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Advance Auto Parts Inc. ( AAP ) saw a 7.8% decline in earnings to $1.65 per share in the first quarter of its fiscal year ended Apr 20, 2013 from $1.79 in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The increase was driven by the acquisition of BWP Distributors and the net addition of 163 new stores in the last 12 months, partially offset by a decline in comparable store sales of 3.2% versus an increase of 2.1% during the first quarter of fiscal 2012.
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Advance Auto Parts Inc. ( AAP ) saw a 7.8% decline in earnings to $1.65 per share in the first quarter of its fiscal year ended Apr 20, 2013 from $1.79 in the same quarter of prior fiscal year. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The increase was driven by the acquisition of BWP Distributors and the net addition of 163 new stores in the last 12 months, partially offset by a decline in comparable store sales of 3.2% versus an increase of 2.1% during the first quarter of fiscal 2012.
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11930.0
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2013-05-23 00:00:00 UTC
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Stock Upgrades: Mystic Meg Predicts Profits at Hewlett-Packard
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AAP
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https://www.nasdaq.com/articles/stock-upgrades-mystic-meg-predicts-profits-hewlett-packard-2013-05-23
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nan
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nan
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Ben Bernanke, long seen as much more stiff than many of his fun-loving baby boomer contemporaries, yesterday demonstrated a hitherto unknown interest in the music of Johnny Nash. What a pity though, that it was the singer's " There are more questions than answers / And the more I find out the less I know" that took his fancy. For " I Can See Clearly Now " would have been much more to the market's liking. A clear-as-mud message from the Fed head during his Q&A session in DC sent stocks on a wild ride, eventually ending deeply in the red. At least Apple ( AAPL ), whose Cook was grilled on the Hill 24 hours before our top central banker, fared better, with that stock bucking a bad tape to end up.
Today in economics, analysts expect April new home sales to improve on the prior month's pace at 10:00 a.m. Eastern. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results.
Atwood Oceanics (ATW): Goldman Sachs gives the energy outfit a Buy-from-Neutral boost.
Demandware (DWRE): The stock is added to Goldman's list of Conviction Buys.
Diamond Offshore (DO): Shares are now Neutral from Sell at Goldman.
FactSet Research (FDS): Piper Jaffray juices its recommendation on the financial information provider to Overweight from Neutral.
Hewlett-Packard ( HPQ ): The Dow (^DJI) member, up 11.26% amid this morning's sea of red ink after CEO Meg Whitman handled a Q&A yesterday considerably better than did Ben Bernanke, gets upgraded to Hold from Underperform at Jefferies. Its Q2 earnings beat Street estimates.
Mack-Cali Realty (CLI): Saying the company is attractive relative to peers, Stifel hikes its investment opinion to Hold from Sell.
Pacific Sunwear of California (PSUN): Shares, surging some 18% as I write before the bell, are now Neutral from Underperform with Wedbush.
Seagate Techology (STX): Deutsche Bank hoists the stock to Buy from Hold, sending it up in an otherwise weak pre-market tape as I write.
Starwood Hotels (HOT): Bank of America-Merrill Lynch lifts the accommodation outfit to Buy from Neutral.
SunTrust Banks (STI): STI gets taken to Buy from Neutral at Guggenheim.
Thomson Reuters (TRI): TRI is taken to Neutral from Underweight at Piper Jaffray.
VeriFone (PAY): Suntrust Robinson Humphrey raises its rating to Buy from Neutral.
(See also: Stock Downgrades: A Farewell to ARM Holdings and New Stock Coverage: Can Johnson & Johnson Be Market's Band-Aid? )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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At least Apple ( AAPL ), whose Cook was grilled on the Hill 24 hours before our top central banker, fared better, with that stock bucking a bad tape to end up. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. Ben Bernanke, long seen as much more stiff than many of his fun-loving baby boomer contemporaries, yesterday demonstrated a hitherto unknown interest in the music of Johnny Nash.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. At least Apple ( AAPL ), whose Cook was grilled on the Hill 24 hours before our top central banker, fared better, with that stock bucking a bad tape to end up. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. At least Apple ( AAPL ), whose Cook was grilled on the Hill 24 hours before our top central banker, fared better, with that stock bucking a bad tape to end up. Seagate Techology (STX): Deutsche Bank hoists the stock to Buy from Hold, sending it up in an otherwise weak pre-market tape as I write.
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At least Apple ( AAPL ), whose Cook was grilled on the Hill 24 hours before our top central banker, fared better, with that stock bucking a bad tape to end up. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. Diamond Offshore (DO): Shares are now Neutral from Sell at Goldman.
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11931.0
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2013-05-23 00:00:00 UTC
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New Stock Coverage: Can Johnson & Johnson Be Market's Band-Aid?
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AAP
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https://www.nasdaq.com/articles/new-stock-coverage-can-johnson-johnson-be-markets-band-aid-2013-05-23
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nan
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nan
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Ben Bernanke, clearly no Keynesian , recently delivered a speech entitled " Economic Prospects for the Long Run. " What, then, would he make of the extremely short-term stock gyrations caused by his every muttering? The Dow (^DJI), up over 150 at its peak, subsequently tumbled by triple digits in its wildest high-to-close gyration since the March 2009 market bottom. This after the Fed head took his chrome dome to the Capitol dome and confused everyone, perhaps even including himself. (The follicularly-challenged central banker must truly be tearing his hair out right about now, for Rogaine maker Johnson & Johnson ( JNJ ) has just been assigned a "Sell" rating.) Thus in the space of one spacy session, investors learned the age-old adage that what goes up, must come down. Especially if you are legally blonde and attempting to go up a down escalator at Saks ( SKS ), which did at least have the decency to surge 13.39%. The wooden escalators at Macy's ( M ) must be much easier to use, and yesterday sent that stock to the highest level in its illustrious history.
Today in economics, analysts expect April new home sales to improve on the prior month's pace at 10:00 a.m. Eastern. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. (GPS), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results.
Bayer (OTCMKTS:BAYRY): On a day the market may have a headache, Morgan Stanley starts the Aspirin maker at Equal-Weight.
Chipotle Mexican Grill (CMG): The fast food firm is a fresh Neutral at Credit Suisse.
CoStar Group (CSGP): Wells Fargo covers the property management company at Outperform.
Gartner (IT): IT is a new Market Perform at BMO Capital.
Hotel Stocks : Stifel has Holds on Choice Hotels (CHH) and Hyatt Hotels (H).
Johnson & Johnson ( JNJ ): Today's equity futures are down on Wall Street but stock in this key Dow (^DJI) component, whose ubiquitous brands include Band-Aid and Tylenol, has increased for 20 straight weeks in a feat not seen anywhere since 1990. Still, Credit Suisse begins bearish rated research, assuming coverage at Underperform.
Lannett (LCI): LCI is launched with a Buy at Needham, whose price objective is $15. Catalysts include additional generic drug approvals and product filings.
Marriot Vacations (VAC): The timeshare name is begun with a Buy assessment and $55 target price at Stifel, which says dividend and stock buybacks are both distinct possibilities.
Merck KGaA (OTCMKTS:KGAY): The German outfit - an entity distinct from America's Merck (MRK) - is initiated with an Overweight at Morgan Stanley.
New Gold (NGD): Global Hunter covers the commodity company, up 1.53% in yesterday's down market, at a Buy.
(See also: Stock Upgrades: Mystic Meg Predicts Profits at Hewlett-Packard and Stock Downgrades: A Farewell to ARM Holdings .)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. (GPS), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. Today in economics, analysts expect April new home sales to improve on the prior month's pace at 10:00 a.m. Eastern. Marriot Vacations (VAC): The timeshare name is begun with a Buy assessment and $55 target price at Stifel, which says dividend and stock buybacks are both distinct possibilities.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. (GPS), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. (The follicularly-challenged central banker must truly be tearing his hair out right about now, for Rogaine maker Johnson & Johnson ( JNJ ) has just been assigned a "Sell" rating.) Johnson & Johnson ( JNJ ): Today's equity futures are down on Wall Street but stock in this key Dow (^DJI) component, whose ubiquitous brands include Band-Aid and Tylenol, has increased for 20 straight weeks in a feat not seen anywhere since 1990.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. (GPS), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. Johnson & Johnson ( JNJ ): Today's equity futures are down on Wall Street but stock in this key Dow (^DJI) component, whose ubiquitous brands include Band-Aid and Tylenol, has increased for 20 straight weeks in a feat not seen anywhere since 1990. Marriot Vacations (VAC): The timeshare name is begun with a Buy assessment and $55 target price at Stifel, which says dividend and stock buybacks are both distinct possibilities.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. (GPS), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. Ben Bernanke, clearly no Keynesian , recently delivered a speech entitled " Economic Prospects for the Long Run. " What, then, would he make of the extremely short-term stock gyrations caused by his every muttering?
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11932.0
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2013-05-23 00:00:00 UTC
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Stock Downgrades: A Farewell to ARM Holdings
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AAP
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https://www.nasdaq.com/articles/stock-downgrades-farewell-arm-holdings-2013-05-23
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nan
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nan
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Jawboning may be part of the FOMC's mandate, yet " Don't Speak! Don't speak! " - the wise words of Dianne Wiest - would have been better advice for Ben Bernanke yesterday. Stocks slumped after oscillating wildly on confusing comments from the Fed head. Ms. Wiest uttered the immortal words in Bullets Over Broadway but the knives were also out for Caesars Entertainment ( CZR ), which tumbled 2.17% on a ratings reduction . Elsewhere, phone stocks fell 1.2%, so little wonder that Mr. Madoff was forced to call collect .
Today in economics, analysts expect April new home sales to improve on the prior month's pace at 10:00 a.m. Eastern. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results.
Anglo American (OTCMKTS:AAUKY): Jefferies cuts the commodity company, which owns 85% of diamond giant De Beers, to Hold from Buy.
ARM Holdings ( ARMH ): Shares of the semiconductor stock, a key Apple (AAPL) supplier, are sliding 6.3% in today's weak London tape on the back of a Neutral-from-Outperform downgrade by BNP Paribas.
Blue Nile (NILE): RBC Capital reduces the online jewelry retailer to Sector Perform from Outperform on account of its current plump price.
Comerica (CMA): CMA is now Negative from Neutral at Susquehanna.
DevonEnergy (DVN): JPMorgan moves the stock to Neutral from Overweight.
DuPont (DD): The Dow (^DJI) member is downgraded to Sell from Hold at BGC Partners.
Flextronics (FLEX): Shares are downgraded to Hold from Buy at Deutsche Bank.
KingFisher (OTCMKTS:KGFHY): The company is now Reduce from Neutral at Nomura.
Multiband (MBND): Shares are moved to Market Perform from Outperform at Northland Capital, which trims its target price to $3.25 from $3.50. Competing bids for the company are unlikely, the broker believes.
Prosperity Bancshares (PB): BMO Capital moves the stock to Market Perform from Outperform.
Realty Income (O): Shares get slashed to Sell from Neutral at Goldman Sachs.
ReneSola (SOL): Credit Suisse reduces SOL to Underperform from Neutral.
Sanmina (SANM): Deutsche Bank takes the tech stock to Sell from Hold.
(See also: Stock Upgrades: Mystic Meg Predicts Profits at Hewlett-Packard and New Stock Coverage: Can Johnson & Johnson Be Market's Band-Aid? )
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. ARM Holdings ( ARMH ): Shares of the semiconductor stock, a key Apple (AAPL) supplier, are sliding 6.3% in today's weak London tape on the back of a Neutral-from-Outperform downgrade by BNP Paribas. Anglo American (OTCMKTS:AAUKY): Jefferies cuts the commodity company, which owns 85% of diamond giant De Beers, to Hold from Buy.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. ARM Holdings ( ARMH ): Shares of the semiconductor stock, a key Apple (AAPL) supplier, are sliding 6.3% in today's weak London tape on the back of a Neutral-from-Outperform downgrade by BNP Paribas.
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. ARM Holdings ( ARMH ): Shares of the semiconductor stock, a key Apple (AAPL) supplier, are sliding 6.3% in today's weak London tape on the back of a Neutral-from-Outperform downgrade by BNP Paribas. (See also: Stock Upgrades: Mystic Meg Predicts Profits at Hewlett-Packard and New Stock Coverage: Can Johnson & Johnson Be Market's Band-Aid? )
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In earnings activity, Advance Auto Parts ( AAP ), GameStop ( GME ), Gap Inc. ( GPS ), Hormel Foods (HRL), Lenovo (OTCMKTS:LNVGY), Ralph Lauren (RL), Ross Stores (ROST), SABMiller (OTCMKTS:SBMRY), salesforce.com (CRM), Signet Jewelers (SIG), Sears (SHLD), and Williams-Sonoma (WSM) are all due to release results. ARM Holdings ( ARMH ): Shares of the semiconductor stock, a key Apple (AAPL) supplier, are sliding 6.3% in today's weak London tape on the back of a Neutral-from-Outperform downgrade by BNP Paribas. Flextronics (FLEX): Shares are downgraded to Hold from Buy at Deutsche Bank.
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11933.0
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2013-05-23 00:00:00 UTC
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Standard Motor Amends Credit Facility - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-amends-credit-facility-analyst-blog-2013-05-23
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nan
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nan
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Standard Motor Product Inc. ( SMP ) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015. GE Capital acted as the agent for a syndicate of lenders.
Under the amendment, the credit line has been extended by $50 million to $250 million and interest rates have been reduced by 25 basis points. The maturity date has been extended to Mar 2018. The credit facility will be secured by the company's accounts receivable, inventory and fixed assets.
This amendment will improve the pricing terms and provide Standard Motor with greater flexibility for implementation of its strategic plans. If the company prospers through this initiative, the shareholders will stand to benefit in the long run.
Standard Motor, based in Long Island City, NY, is one of the leading manufacturers, distributors and marketers of automotive replacement parts in the U.S. Further, it enjoys strong brand recognition globally.
Standard Motor reported a staggering 82.6% rise in adjusted earnings per share to 42 cents in the first quarter of 2013 from 23 cents in the year-ago quarter. Earnings per share also surpassed the Zacks Consensus Estimate of 32 cents.
Total revenue increased 9% to $230.7 million but missed the Zacks Consensus Estimate of $234.0 million. The year-over-year growth in revenues was attributable to the positive impact from the company's acquisitions and strong performance of the company's Temperature Control segment.
We believe that Standard Motor will benefit from its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions. However, we are concerned about the company's high dependence on its three major customers, namely, Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ) for its business. Currently, Standard Motor carries a Zacks Rank #1 (Strong Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, we are concerned about the company's high dependence on its three major customers, namely, Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ) for its business. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Standard Motor Product Inc. ( SMP ) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015.
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However, we are concerned about the company's high dependence on its three major customers, namely, Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ) for its business. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Standard Motor Product Inc. ( SMP ) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, we are concerned about the company's high dependence on its three major customers, namely, Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ) for its business. Standard Motor Product Inc. ( SMP ) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015.
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However, we are concerned about the company's high dependence on its three major customers, namely, Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ) for its business. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Standard Motor Product Inc. ( SMP ) announced the amendment of its $200 million revolving credit facility with GE Capital Corporate Finance maturing on Mar 2015.
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11934.0
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2013-05-22 00:00:00 UTC
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Bernanke Testimony and FOMC Minutes Provide a Roller Coaster Day
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AAP
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https://www.nasdaq.com/articles/bernanke-testimony-and-fomc-minutes-provide-roller-coaster-day-2013-05-22
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nan
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nan
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Today was very intense due to the overnight policy decision from the Bank of Japan, Bernanke's testimony to the Congressional Joint Economic Committee, and the minutes from the May FOMC meeting. Existing home sales for April rose to an annual rate of 4.97 million from an upward revised 4.94 million the month prior. Economists expected a rise to a 4.99 million annual rate.
Overnight, the Bank of Japan kept its monetary policy on hold. With regards to the increased volatility in the Japanese bond market, the central bank noted that it is closely monitoring the situation as the market tries to find a new equilibrium point, and plans to meet with market participants next week.
Fed Chairman Ben Bernanke gave testimony to the Congressional Joint Economic Committee on the current economic situation. The headline risk was that Bernanke said premature tightening of monetary policy risks slowing or ending the recovery, in the context of monetary policy reducing the drags from fiscal policy and reduced accommodation causing inflation to slow to a dangerously low rate. He also mentioned that keeping rates low for an extended period may cause excessive risk taking in some asset markets.
The May FOMC minutes were released at 2 p.m. ET. Much of what had already been iterated by Fed officials between the decision on May 1 and today was included, such as a reduction in purchases, an excessive reach for yield in some markets, increased corporate bond and syndicated leveraged loan issuance, low inflation but longer-term inflation expectations remaining in check, and fiscal policy causing a drag on growth. The notable mention was that one participant had pushed for reducing purchases at the meeting while another had pushed for increasing. Members were also concerned that a reduction in purchases would harm the inflation outlook.
US equities were whipsawed around all day with the news flow. In the pre-market, equities rallied and continued this positive movement into the opening moments. After Bernanke's testimony in the morning, the S&P 500 rallied to 1688, up 18 points on the day. However, after comments that Bernanke foresaw the potential to reduce purchases between now and Labor Day, Treasuries plummeted with the 10-year yield gaining almost 11 basis points in under five minutes. Participants in the Treasury market were significantly spooked, openly wondering what an actual tapering scenario might entail. Following the release of the minutes at 2 p.m., stocks fell further and finished down almost 1% on the day, one of the few occurrences of such an event this year. Technically, the S&P 500 also left an outside daily bar, which tends to signal reversals.
After the close, Hewlett-Packard ( HPQ ) beat earnings, reporting EPS of $0.87 vs. $0.81 expectations, although missing on revenues at $27.58 billion vs. $28 billion expectations. The company's projections for full-year and the coming quarter's EPS was also raised. Finally, Hewlett-Packard raised its quarterly dividend to 14.52 cents per quarter as was expected by analysts.
Tomorrow's Financial Outlook
Weekly initial jobless claims will be released in the morning with expectations for a decline to 345,000 from last week's jump to 360,000. The 4-week moving average of claims currently stands at 339,300. The other pieces of economic data include the preliminary national manufacturing survey from Markit with economist expecting a further decline to a reading of 51.2 from 52.1, which would indicate a very small expansion. Lastly, new home sales for April are expected to increase to a monthly rate of 425,000 from 417,000 the month prior.
Tomorrow's economic data from other countries will be the busiest of the week. China, Germany, and the broader eurozone will release purchasing manager indexes. Additionally, the UK will release the first estimate of 1Q GDP with economists expecting no change in annual economic growth from 0.6% last quarter.
Notable earnings will include Advance Auto Parts ( AAP ), Sears Holdings ( NASDAQ:SHLD), ING ( ING ), Apollo Investment ( AINV ), Ralph Lauren ( RL ), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), Pandora (P), Dollar Tree (DLTR), and GameStop (GME).
Twitter: @Minyanville
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Notable earnings will include Advance Auto Parts ( AAP ), Sears Holdings ( NASDAQ:SHLD), ING ( ING ), Apollo Investment ( AINV ), Ralph Lauren ( RL ), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), Pandora (P), Dollar Tree (DLTR), and GameStop (GME). Today was very intense due to the overnight policy decision from the Bank of Japan, Bernanke's testimony to the Congressional Joint Economic Committee, and the minutes from the May FOMC meeting. However, after comments that Bernanke foresaw the potential to reduce purchases between now and Labor Day, Treasuries plummeted with the 10-year yield gaining almost 11 basis points in under five minutes.
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Notable earnings will include Advance Auto Parts ( AAP ), Sears Holdings ( NASDAQ:SHLD), ING ( ING ), Apollo Investment ( AINV ), Ralph Lauren ( RL ), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), Pandora (P), Dollar Tree (DLTR), and GameStop (GME). Today was very intense due to the overnight policy decision from the Bank of Japan, Bernanke's testimony to the Congressional Joint Economic Committee, and the minutes from the May FOMC meeting. Fed Chairman Ben Bernanke gave testimony to the Congressional Joint Economic Committee on the current economic situation.
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Notable earnings will include Advance Auto Parts ( AAP ), Sears Holdings ( NASDAQ:SHLD), ING ( ING ), Apollo Investment ( AINV ), Ralph Lauren ( RL ), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), Pandora (P), Dollar Tree (DLTR), and GameStop (GME). With regards to the increased volatility in the Japanese bond market, the central bank noted that it is closely monitoring the situation as the market tries to find a new equilibrium point, and plans to meet with market participants next week. The headline risk was that Bernanke said premature tightening of monetary policy risks slowing or ending the recovery, in the context of monetary policy reducing the drags from fiscal policy and reduced accommodation causing inflation to slow to a dangerously low rate.
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Notable earnings will include Advance Auto Parts ( AAP ), Sears Holdings ( NASDAQ:SHLD), ING ( ING ), Apollo Investment ( AINV ), Ralph Lauren ( RL ), Gap (GPS), Ross Stores (ROST), Salesforce.com (CRM), Pandora (P), Dollar Tree (DLTR), and GameStop (GME). With regards to the increased volatility in the Japanese bond market, the central bank noted that it is closely monitoring the situation as the market tries to find a new equilibrium point, and plans to meet with market participants next week. The May FOMC minutes were released at 2 p.m.
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11935.0
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2013-05-22 00:00:00 UTC
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Pre-Market Earnings Report for May 23, 2013 : TD, RL, HRL, DLTR, AAP, SIG, GME, PDCO, ALKS, BKE, TTC, AINV
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-may-23-2013-td-rl-hrl-dltr-aap-sig-gme-pdco-alks-bke-ttc-ainv
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nan
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nan
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The following companies are expected to report earnings prior to market open on 05/23/2013. Visit our Earnings Calendar for a full list of expected earnings releases.
Toronto Dominion Bank ( TD ) is reporting for the quarter ending April 30, 2013. The bank (foreign) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.83. This value represents a 2.23% increase compared to the same quarter last year. In the past year TD has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 1.55%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TD is 10.71 vs. an industry ratio of 11.40.
Ralph Lauren Corporation ( RL ) is reporting for the quarter ending March 31, 2013. The textile company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.30. This value represents a 31.31% increase compared to the same quarter last year. In the past year RL has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 8.6%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for RL is 23.61 vs. an industry ratio of 19.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Hormel Foods Corporation ( HRL ) is reporting for the quarter ending April 30, 2013. The meat product company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.49. This value represents a 2.08% increase compared to the same quarter last year. HRL missed the consensus earnings per share in the 1st calendar quarter of 2013 by -2.04%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for HRL is 21.41 vs. an industry ratio of 14.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Dollar Tree, Inc. ( DLTR ) is reporting for the quarter ending April 30, 2013. The discount retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.57. This value represents a 14.00% increase compared to the same quarter last year. In the past year DLTR has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 2.02%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for DLTR is 17.64 vs. an industry ratio of 19.20.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2013. The wholesale retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $1.61. This value represents a 10.06% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.79 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Signet Jewelers Limited ( SIG ) is reporting for the quarter ending April 30, 2013. The jewelry retail company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.12. This value represents a 16.67% increase compared to the same quarter last year. In the past year SIG has beat the expectations every quarter. The highest one was in the 1st calendar quarter where they beat the consensus by 1.44%. Zacks Investment Research reports that the 2014 Price to Earnings ratio for SIG is 14.80 vs. an industry ratio of 23.90.
Gamestop Corporation ( GME ) is reporting for the quarter ending April 30, 2013. The retail company's consensus earnings per share forecast from the 10 analysts that follow the stock is $0.40. This value represents a 25.93% decrease compared to the same quarter last year. In the past year GME has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 12 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for GME is 11.94 vs. an industry ratio of 15.70.
Patterson Companies, Inc. ( PDCO ) is reporting for the quarter ending April 30, 2013. The medical/dental supplies company's consensus earnings per share forecast from the 11 analysts that follow the stock is $0.62. This value represents a 6.90% increase compared to the same quarter last year. Zacks Investment Research reports that the 2013 Price to Earnings ratio for PDCO is 19.33 vs. an industry ratio of 8.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Alkermes plc ( ALKS ) is reporting for the quarter ending March 31, 2013. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.18. This value represents a 460.00% increase compared to the same quarter last year. In the past year ALKS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 66.67%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for ALKS is 37.62 vs. an industry ratio of -5.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Buckle, Inc. ( BKE ) is reporting for the quarter ending April 30, 2013. The retail (shoe) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.82. This value represents a 3.80% increase compared to the same quarter last year. In the past year BKE has met analyst expectations once and beat the expectations the other three quarters. The "days to cover" for this stock exceeds 41 days. Zacks Investment Research reports that the 2014 Price to Earnings ratio for BKE is 15.87 vs. an industry ratio of 41.80.
Toro Company ( TTC ) is reporting for the quarter ending April 30, 2013. The tools company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.19. This value represents a 5.31% increase compared to the same quarter last year. In the past year TTC and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for TTC is 18.81 vs. an industry ratio of 17.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Apollo Investment Corporation ( AINV ) is reporting for the quarter ending March 31, 2013. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.21. This value represents a 16.67% increase compared to the same quarter last year. AINV missed the consensus earnings per share in the 1st calendar quarter of 2012 by -14.29%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AINV is 10.55 vs. an industry ratio of 14.20.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.79 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry. The meat product company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.49.
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Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.79 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for RL is 23.61 vs. an industry ratio of 19.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.79 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2013 Price to Earnings ratio for RL is 23.61 vs. an industry ratio of 19.00, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending March 31, 2013. Zacks Investment Research reports that the 2013 Price to Earnings ratio for AAP is 15.79 vs. an industry ratio of 15.10, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year RL has beat the expectations every quarter.
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11936.0
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2013-05-17 00:00:00 UTC
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Advance Auto Parts Hits 52-Week High - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-hits-52-week-high-analyst-blog-2013-05-17
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nan
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nan
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Shares of Advance Auto Parts Inc. ( AAP ) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. The closing price represented a one-year return of 4.4% and a solid year-to-date return of 17.9%.
The leading retailer of replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks has a market cap of $6.4 billion. Average volume of shares traded over the last three months stood at approximately 852.26K.
Shares of the company started escalating in anticipation of an improved 2013-first quarter results, to be released on May 23 as most of the leading automotive aftermarket parts retailer, including AutoNation Inc. ( AN ), CarMax Inc. ( KMX ) and O'Reilly Automotive Inc. ( ORLY ), have performed well during the quarter.
For 2013, Advance Auto Parts expects operating EPS between $5.45 and $5.60, which excludes one-time integration costs for BWP Distributors of roughly 15 to 20 cents per share. The expected EPS is higher than $5.22, reported in 2012. The company also expects revenues to increase roughly $170 million to $180 million during the year due to the acquisition of BWP. Shares of the company currently retain a Zacks Rank #3 (Hold).
In the first quarter of 2013, AutoNation posted a 21.4% rise in earnings per share to 68 cents from 56 cents in the same quarter of 2012, topping the Zacks Consensus Estimate by 5 cents. Revenues increased 10.8% to $4.1 billion, nearly tallying the Zacks Consensus Estimate of $4.0 billion.
In the same quarter, O'Reilly Automotive posted a 19.3% increase in earnings to $1.36 per share compared with $1.14 in the year-ago quarter, exceeding the Zacks Consensus Estimate by a penny. Revenues during the quarter scaled up 4% to $1.59 billion from $1.53 billion in the same period a year ago.
Last month, CarMax posted a profit of $107.2 million or 46 cents per share in the fourth quarter of fiscal 2013 ended Feb 28, 2013, barely exceeding the Zacks Consensus Estimate by a penny. Profits increased 12.8% from $95.0 million or 12.2% from 41 cents per share in the prior-year quarter. Net sales and operating revenues in the quarter rose 14% to $2.83 billion, topping the Zacks Consensus Estimate of $2.70 billion. Currently, shares of CarMax retain a Zacks Rank #2 (Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTONATION INC (AN): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Advance Auto Parts Inc. ( AAP ) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The leading retailer of replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks has a market cap of $6.4 billion.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Advance Auto Parts Inc. ( AAP ) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. Shares of the company started escalating in anticipation of an improved 2013-first quarter results, to be released on May 23 as most of the leading automotive aftermarket parts retailer, including AutoNation Inc. ( AN ), CarMax Inc. ( KMX ) and O'Reilly Automotive Inc. ( ORLY ), have performed well during the quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Shares of Advance Auto Parts Inc. ( AAP ) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. In the first quarter of 2013, AutoNation posted a 21.4% rise in earnings per share to 68 cents from 56 cents in the same quarter of 2012, topping the Zacks Consensus Estimate by 5 cents.
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Shares of Advance Auto Parts Inc. ( AAP ) hit a new 52-week high of $86.92 on May 16, which is above its previous level of $86.23, and closed at $85.42 on the same date. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTONATION INC (AN): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The company also expects revenues to increase roughly $170 million to $180 million during the year due to the acquisition of BWP.
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11937.0
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2013-04-22 00:00:00 UTC
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O'Reilly Remains Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-remains-neutral-analyst-blog-2013-04-22
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nan
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nan
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On Apr 19, we maintained our Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its benefit from its dual market strategy and strong distribution network and better performance in 2012-fourth quarter. However, we remain concerned about the company's concentrated store locations and huge inventory level.
Why Maintained?
On Feb 6, O'Reilly reported a 22.6% rise in adjusted earnings to $1.14 per share for the fourth quarter of 2012 from 93 cents in the prior-year quarter, surpassing the Zacks Consensus Estimate by $1.08. Revenues in the quarter grew 7.2% to $1.5 billion, meeting the Zacks Consensus Estimate.
Following the release of the fourth quarter results, the Zacks Consensus Estimate for 2013 went up 5.0% to $5.70 per share. The Zacks Consensus Estimate for 2014 also climbed 4.8% to $6.50 per share.
O'Reilly benefits from its dual market strategy and strong distribution network. A mix of commercial sales offers the company with greater exposure to less discretionary sales of hard parts and allows it to operate in smaller markets.
O'Reilly will primarily benefit from the aggressive store expansion strategy and share repurchase policy. During the fourth quarter of 2012, O'Reilly opened 24 new stores and 185 store openings in 2012. It also intends to open a total of 190 new stores in 2013. With new stores, O'Reilly plans to penetrate further in the existing markets as well as expand in new and contiguous markets.
However, we are concerned about O'Reilly's huge level of inventory, which constituted 83.3% of current assets as of Dec 31, 2012. In addition, the stores of O'Reilly are concentrated in a few locations in the U.S. mainly Texas and Calif. Thus, any adverse economic and weather conditions can impact its earnings. In addition, rising competition from automotive retailers including AutoZone Inc. ( AZO ) and AdvanceAuto Parts Inc. ( AAP ) is a matter of concern for the company.
Other Stocks to Look For
Currently, CarMax Inc. ( KMX ) with a Zacks Rank #2 (Buy) are performing well in the same industry where O'Reilly operates.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In addition, rising competition from automotive retailers including AutoZone Inc. ( AZO ) and AdvanceAuto Parts Inc. ( AAP ) is a matter of concern for the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 19, we maintained our Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its benefit from its dual market strategy and strong distribution network and better performance in 2012-fourth quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, rising competition from automotive retailers including AutoZone Inc. ( AZO ) and AdvanceAuto Parts Inc. ( AAP ) is a matter of concern for the company. On Apr 19, we maintained our Neutral recommendation on O'Reilly Automotive Inc. ( ORLY ) based on its benefit from its dual market strategy and strong distribution network and better performance in 2012-fourth quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, rising competition from automotive retailers including AutoZone Inc. ( AZO ) and AdvanceAuto Parts Inc. ( AAP ) is a matter of concern for the company. On Feb 6, O'Reilly reported a 22.6% rise in adjusted earnings to $1.14 per share for the fourth quarter of 2012 from 93 cents in the prior-year quarter, surpassing the Zacks Consensus Estimate by $1.08.
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In addition, rising competition from automotive retailers including AutoZone Inc. ( AZO ) and AdvanceAuto Parts Inc. ( AAP ) is a matter of concern for the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. However, we remain concerned about the company's concentrated store locations and huge inventory level.
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11938.0
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2013-04-19 00:00:00 UTC
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Advance Auto Stays Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-stays-neutral-analyst-blog-2013-04-19
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nan
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nan
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On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected to boost earnings. However, we are concerned about the sluggish economy, volatile gasoline prices and pricing pressures.
Why Maintained?
On Feb 7, Advance Auto posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. However, reported EPS surpassed the Zacks Consensus Estimate by 13 cents.
Revenues remained flat year over year at $1.3 billion, in line with the Zacks Consensus Estimate. Flat revenues reflect a 1.9% decrease in comparable store sales versus a 2.9% rise during the fourth quarter of 2011, partially offset by the positive impact of net addition of 132 stores over the past 12 months.
Following the release of the fourth quarter results, the Zacks Consensus Estimate for 2013 went down 1.1% to $5.52 per share. The Zacks Consensus Estimate for 2014 also declined 1.1% to $6.07 per share. Currently, Advance Auto maintains a Zacks Rank #3 (Hold).
Advance Auto will benefit from its focus on different operational initiatives, which will improve sales and productivity and enhance market share of the company. These initiatives include development of merchandising programs, better store remodeling programs, nationwide advertising aimed at establishing the AAP brand.
Advance Auto will be favorably impacted by the aggressive store expansion strategy and share repurchase policy. During the fourth quarter of 2012, Advance Auto Parts opened 67 stores, including 8 Autopart International stores. With this, the company has opened 137 stores, including 21 Autopart International stores, in 2012.
In 2012, Advance Auto Parts repurchased shares worth $27.1 million. As of Dec 29, 2012, the company had nearly $492 million shares remaining under its $500 million share repurchase program, which was authorized by the board on May 14, 2012.
However, sluggish economy and volatile gasoline prices are some of the challenges facing the company. In addition, rising competition from national and regional automotive retailers including AutoZone Inc. ( AZO ) is a matter of concern for the company.
Other Stocks to Look For
Currently, CarMax Inc. ( KMX ) and O'Reilly Automotive Inc. ( ORLY ) with Zacks Rank #2 (Buy) are performing well in the same industry where Advance Auto Parts operates.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected to boost earnings. These initiatives include development of merchandising programs, better store remodeling programs, nationwide advertising aimed at establishing the AAP brand. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected to boost earnings. These initiatives include development of merchandising programs, better store remodeling programs, nationwide advertising aimed at establishing the AAP brand.
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On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected to boost earnings. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. These initiatives include development of merchandising programs, better store remodeling programs, nationwide advertising aimed at establishing the AAP brand.
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On Apr 18, we maintained our Neutral recommendation on Advance Auto Parts Inc. ( AAP ) based on its continuous focus on enhancing supply chain by pursuing aggressive store expansion strategy and share repurchase policy, which is expected to boost earnings. These initiatives include development of merchandising programs, better store remodeling programs, nationwide advertising aimed at establishing the AAP brand. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here.
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11939.0
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2013-04-05 00:00:00 UTC
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Standard Motor Stays Outperform - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-stays-outperform-analyst-blog-2013-04-05
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nan
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nan
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On Apr 3, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ), based on its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions.
Why Maintained?
On Mar 4, 2013, Standard Motor reported a profit of $6.5 million or 28 cents per share in the fourth quarter of 2012 compared with $3.9 million or 17 cents per share in the same quarter of 2011 (excluding non-operational gains and losses in both the quarters). With this, the company has surpassed the Zacks Consensus Estimate by 7 cents.
Consolidated net sales in the quarter rose 10.4% to $192.4 million in the quarter, surpassing the Zacks Consensus Estimate of $188.0 million.
Following the release of the fourth quarter results, the Zacks Consensus Estimate for 2013 increased 2.5% to $2.09 per share. The Zacks Consensus Estimate for 2014 also edged up 0.9% to $2.28 per share. With the Zacks Consensus Estimates for both 2013 and 2014 going up, the company retains a Zacks Rank #2 (Buy).
Standard Motor benefits from its strong brand recognition and wide customer base. With a focus on the aftermarket, the company is less exposed to the cyclical automotive industry. The company will benefit from the rising demand of repair products due to the improved used vehicles market, increased automobiles on the road and rise in average age of vehicles in the U.S.
In addition, Standard Motor will benefit from the recent acquisitions. The company has acquired BLD, Forecast Trading and Compressor Works, which have positive impacts on sales and will continue to generate savings through optimization of product costs and operating expenses, mostly in 2013.
However, Standard Motors faces challenges from concentrated customer base. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). These companies account for more than 10% of the company's revenues.
Other Stocks to Consider
Apart from Standard Motors, other stocks that warrant a look in the same industry include Gentherm Incorporated ( THRM ), which carries a Zacks Rank #1 (Strong Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
GENTHERM INC (THRM): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report GENTHERM INC (THRM): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 3, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ), based on its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report GENTHERM INC (THRM): Free Stock Analysis Report To read this article on Zacks.com click here. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). On Apr 3, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ), based on its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report GENTHERM INC (THRM): Free Stock Analysis Report To read this article on Zacks.com click here. The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). On Apr 3, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ), based on its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions.
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The company's top five customers include Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report GENTHERM INC (THRM): Free Stock Analysis Report To read this article on Zacks.com click here. On Apr 3, we maintained our Outperform recommendation on Standard Motor Product Inc. ( SMP ), based on its strong brand recognition, less cyclical end-market and efficient debt management measures and positive impact from the recent acquisitions.
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11940.0
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2013-03-13 00:00:00 UTC
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AutoZone Stays Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-stays-neutral-analyst-blog-2013-03-13
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nan
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nan
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On Mar 10, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), despite rising gas prices and the company's heavy reliance on its private label brands as we are mainly encouraged with the company's aggressive share repurchase program, expansion of hub stores as well as better performance in the second quarter of fiscal 2013.
Why Maintained?
AutoZone's earnings increased 15.2% to $4.78 per share in the second quarter of fiscal 2013 ended on Feb 9, 2013 from $4.15 in the year-ago quarter. Earnings per share surpassed the Zacks Consensus Estimate by 4 cents. AutoZone's revenues for the quarter increased 2.8% to $1.86 billion, marginally missing the Zacks Consensus Estimate of $1.88 billion.
Following the release of the second quarter results, the Zacks Consensus Estimate for fiscal 2013 decreased marginally by 0.1% to $27.54 per share. The Zacks Consensus Estimate for fiscal 2014 also went down 0.2% to $30.96 per share. Currently, AutoZone retains a Zacks Rank #3 (Hold).
AutoZone aggressively focuses on store opening strategy every year. In fiscal 2012, the company opened 72 new stores in the U.S and 24 new stores in Mexico. In the last quarter, AutoZone opened 32 new stores in the U.S, and 9 new stores in Mexico. As of Feb 9, 2013, the company had 4,735 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 334 stores in Mexico and one store in Brazil.
Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. During the fourth quarter of 2012, it opened 67 stores, including 8 Autopart International stores. The company opened 137 stores in 2012, including 21 Autopart International stores.
AutoZone benefits from the rising demand for auto parts with the growing age of vehicles on road. Revenues from Mexico benefited from the abundance of old cars and a shortage of quality parts. With this situation, AutoZone plans to gain market share by category management efforts and supply-chain initiatives in the retail segment.
However, we are concerned about rising gas prices, which have an adverse impact on miles driven and lead to deferment of purchases by the customers. In addition, AutoZone has a high degree of reliance on its private label brands, which could hinder its commercial business.
Other Stocks to Look For
Few stocks that are also performing well in the industry where AutoZone operates are O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). O'Reilly is a Zacks Rank #1 (Strong Buy) stock while CarMax is a Zacks Rank #2 (Buy) stock.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. With this situation, AutoZone plans to gain market share by category management efforts and supply-chain initiatives in the retail segment.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. On Mar 10, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), despite rising gas prices and the company's heavy reliance on its private label brands as we are mainly encouraged with the company's aggressive share repurchase program, expansion of hub stores as well as better performance in the second quarter of fiscal 2013.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. On Mar 10, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), despite rising gas prices and the company's heavy reliance on its private label brands as we are mainly encouraged with the company's aggressive share repurchase program, expansion of hub stores as well as better performance in the second quarter of fiscal 2013.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, also pursues an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On Mar 10, we maintained our Neutral recommendation on AutoZone Inc. ( AZO ), despite rising gas prices and the company's heavy reliance on its private label brands as we are mainly encouraged with the company's aggressive share repurchase program, expansion of hub stores as well as better performance in the second quarter of fiscal 2013.
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11941.0
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2013-02-27 00:00:00 UTC
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Mixed 2Q for AutoZone, Profit Rises - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/mixed-2q-for-autozone-profit-rises-analyst-blog-2013-02-27
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nan
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nan
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AutoZone Inc. ( AZO ) reported a 15.2% rise in earnings per share to $4.78 in second-quarter fiscal 2013 (ended Feb 9, 2013) from $4.15 in the year-ago quarter. The results surpassed the Zacks Consensus Estimate by 4 cents. Net income went up 5.6% to $176.2 million from $166.9 million in the year-ago quarter.
The company's revenues for the quarter increased 2.8% to $1.86 billion, marginally missing the Zacks Consensus Estimate of $1.88 billion. Domestic same-store sales (sales for stores open at least one year) decreased 1.8% in the quarter.
Gross profit increased 3.9% to $962 million or 51.9% of sales from $926.2 million or 51.3% in the year-ago quarter. The year-over-year growth in margins was attributable to reduction in acquisition costs.
Operating income climbed 5.6% to $317.6 million from $300.7 million in the second quarter of fiscal 2012. Operating expenses increased 3% to $644.4 million or 34.7% of sales versus $625.6 million or 34.7% a year ago. The higher operating expenses were due to lower sales, partially offset by lower incentive compensation.
Store Opening and Inventory
AutoZone opened 32 new stores in the U.S, and 9 new stores in Mexico. As of Feb 9, 2013, the company had 4,735 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 334 stores in Mexico and one store in Brazil.
The company's inventory grew 7% in the quarter, driven by an improvement in store count and continued strategic investments in hard parts assortment. Inventory per store increased a mere 2.6% to $544,000 from $530,000 in the corresponding quarter of last year.
Share Repurchase
During the quarter, AutoZone repurchased 513,000 shares for $185 million, reflecting an average price of $361. The company had $603 million worth of shares remaining for repurchase at the end of the second quarter.
Financial Details
AutoZone had cash and cash equivalents of $115.5 million as of Feb 9, 2013, up from $103.2 million as of Feb 11, 2012. Total debt amounted to $4 billion as of Feb 9, 2013, compared with $3.5 billion as of Feb 11, 2012. The company had a stockholder deficit of $1.6 billion as of Feb 9, 2012, up from $1.3 billion as Feb 11, 2012.
During the first six months of fiscal 2013, the company generated net cash flow of $285.3 million before share repurchases and changes in debt compared with $374.2 million in the same period a year ago. Capital spending increased to $169.6 million from $132.4 million in the first half of fiscal 2012.
Our Take
AutoZone is a leading retailer and distributor of automotive replacement parts and accessories with stores located in the U.S. and Mexico. The company is focused on aggressive share repurchase program along with expansion of hub stores. The company currently retains a Zacks Rank #3 (Hold).
Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. However, it surpassed the Zacks Consensus Estimate by 13 cents. Revenues remained flat year over year at $1.3 billion, in line with the Zacks Consensus Estimate.
Few stocks that are also performing well in the industry where AutoZone operates are O'Reilly Automotive Inc. ( ORLY ) and CarMax Inc. ( KMX ). Both carry a Zacks Rank #2 (Buy).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) reported a 15.2% rise in earnings per share to $4.78 in second-quarter fiscal 2013 (ended Feb 9, 2013) from $4.15 in the year-ago quarter.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Operating expenses increased 3% to $644.4 million or 34.7% of sales versus $625.6 million or 34.7% a year ago.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. The company's revenues for the quarter increased 2.8% to $1.86 billion, marginally missing the Zacks Consensus Estimate of $1.88 billion.
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Advance Auto Parts Inc. ( AAP ), another leading retailer and distributor of automotive replacement parts and accessories, posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) reported a 15.2% rise in earnings per share to $4.78 in second-quarter fiscal 2013 (ended Feb 9, 2013) from $4.15 in the year-ago quarter.
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11942.0
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2013-02-27 00:00:00 UTC
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O'Reilly Automotive Growth Pulls Away From Peer Pack
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AAP
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https://www.nasdaq.com/articles/oreilly-automotive-growth-pulls-away-peer-pack-2013-02-27
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nan
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nan
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O'Reilly Automotive ( ORLY ) is getting a lot of mileage from new-store openings.
Last month, the Missouri-based auto-parts retailer opened in Tampa, Fla., its 4,000th store -- the start of what will be an aggressive expansion into the Sunshine State.
Florida offers significant growth opportunities, chiefly because "we're not there yet," said company spokesman Mark Merz. "There are lots of cars in the Florida market. It has robust, growing markets."
Actually, O'Reilly operates a modest number of stores in the northern part of the state, close to distribution centers in Mobile, Ala., and Atlanta.
Tampa is a sharp turn south. A new distribution center in the works in Lakeland, Fla., will better serve that market as well as others expected to open in central Florida and farther south.
The distribution center is on track to open early next year. Management has said that about 25 new stores would open initially and up to 350 in the state, longer term.
O'Reilly is one of the largest auto-parts chains in the U.S., smaller than No. 1AutoZone ( AZO ) but now slightly larger thanAdvance Auto Parts ( AAP ) in sales and store count.
Of the three, O'Reilly is growing the fastest on both the top and bottom lines. In 2012, earnings rose 25% over the prior year to $4.75 a share.
Geographic Expansion
Double-digit profit growth is being driven in part by geographic expansion, as Morgan Stanley analysts said in a Feb. 8 report on O'Reilly, titled "Pulling Away From the Pack."
O'Reilly drove into another new region recently, New England. Its acquisition of Maine-based VIP Parts, Tires & Service at the end of December gave it 56 retail stores in Maine, New Hampshire and Massachusetts, plus distribution centers.
The company plans to make use of those distribution centers to expand farther into New England and other northeastern markets, such as New York State.
Morgan Stanley analysts figure that the Northeast and Florida account for about 25% of industrywide auto-parts retail revenue based on total light vehicle registrations. They say the two major markets could ultimately translate into $1.5 billion to $2 billion in annual revenue for O'Reilly.
Last year, O'Reilly took in nearly $6.2 billion, a 7% gain over 2011.
Analysts expect O'Reilly's revenue to grow 8% this year, to nearly $6.7 billion.
They estimate that AutoZone and Advance Auto sales will grow slightly less this year, 7%, according to Thomson Reuters, with AutoZone's to total $9.2 billion and Advance $6.6 billion. Advance's profits are seen growing the slowest, at 7%.
O'Reilly plans to open 190 new stores this year, on top of 180 last year. Management has said it could open around 200 new stores a year for the foreseeable future.
"We've more than doubled our size in the last five years," said Merz. Top states currently are Texas and California.
A swift acceleration occurred in 2008, when more than 1,300 stores were acquired from CSK Auto, giving O'Reilly a new presence in the Western half of the U.S.
Those stores were viewed as underperforming with average annual volume of $1.35 million a year.
As O'Reilly integrated its systems and culture, CSK stores have been posting stronger sales, outpacing growth at the firm's mature stores.
Since most of the CSK stores are in major metro markets compared to O'Reilly's larger mix of legacy stores in smaller markets, management thinks CSK stores can reach $1.8 million in per-unit volume. They're not there yet.
Average unit volume chainwide is now $1.6 million.
Same-store sales and margins should continue to get a lift from improving performance at CSK acquired stores, analysts say.
O'Reilly's operating margin in 2012 was a record 15.8%.
A little more than half of sales are from do-it-yourselfers with the rest from mechanics on the commercial, or professional, side.
Sales in the fourth quarter rose 7% to $1.49 billion, while earnings jumped 21% to $1.14 per share.
After Q4 and full-year results were released late on Feb. 6, shares jumped 8% in the next day's trading session.
In contrast, AutoZone's stock fell nearly 2% on Tuesday after it reported disappointing results for its second fiscal quarter ended Feb. 9. At the close, shares were down less than 1%, however.
Though earnings beat views, AutoZone's revenue came in below Wall Street's consensus, rising 2.8% to $1.85 billion. Same-store sales fell 1.8% vs. O'Reilly's 4.2% gain in the fourth quarter.
Analysts estimate O'Reilly's earnings will rise 20% this year to $5.72 a share and go up 13% in 2014, according to Thomson Reuters.
Expense controls have contributed to strong profits, from negotiating better prices from suppliers based on greater scale to keeping travel budgets down. For example, managers share hotel rooms when they are away on business. Even the CEO and CFO have shared a room, Merz says.
Comparisons could get easier this year over last year, when an unusually mild winter caused less stress on car parts.
Cold Weather
After noticing softer demand for products, management announced June 27 that it wouldn't meet earlier guidance of 3% to 5% same-store sales growth in Q2, sending shares tumbling 14%.
Benefits of this winter's cold weather and snowstorms will likely be "felt in spring/summer," said Stifel Nicolaus analysts in a Feb. 8 note. Since then, heavy snowstorms hit major O'Reilly markets in Kansas, Missouri, Texas and others especially hard.
A cold snap, a Stifel Nicolaus report said, "warms our hearts to auto parts."
The company's stock, though volatile, has benefited from a share buyback program begun in January 2011. Some 32 million shares were bought through the end of December, for $2.4 billion. Over that time, shares rose nearly 50%. Shares are up 14% year-to-date.
Management plans to use excess cash to keep purchasing shares.
"We're able to generate more free cash than we can use to grow our business organically (and profitably)," Merz said.
On the downside for the company's near-term prospects, analysts say, new-car sales continue to pick up. More new cars on the road mean fewer repairs and parts are needed, at least in the first few years.
O'Reilly's take is a bit different. Management says that better engineered new cars will stay in use longer, meaning today's new-car customer "is going to be our customer five or six years down the road," as Merz put it.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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1AutoZone ( AZO ) but now slightly larger thanAdvance Auto Parts ( AAP ) in sales and store count. Its acquisition of Maine-based VIP Parts, Tires & Service at the end of December gave it 56 retail stores in Maine, New Hampshire and Massachusetts, plus distribution centers. Morgan Stanley analysts figure that the Northeast and Florida account for about 25% of industrywide auto-parts retail revenue based on total light vehicle registrations.
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1AutoZone ( AZO ) but now slightly larger thanAdvance Auto Parts ( AAP ) in sales and store count. They estimate that AutoZone and Advance Auto sales will grow slightly less this year, 7%, according to Thomson Reuters, with AutoZone's to total $9.2 billion and Advance $6.6 billion. Since most of the CSK stores are in major metro markets compared to O'Reilly's larger mix of legacy stores in smaller markets, management thinks CSK stores can reach $1.8 million in per-unit volume.
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1AutoZone ( AZO ) but now slightly larger thanAdvance Auto Parts ( AAP ) in sales and store count. O'Reilly plans to open 190 new stores this year, on top of 180 last year. A swift acceleration occurred in 2008, when more than 1,300 stores were acquired from CSK Auto, giving O'Reilly a new presence in the Western half of the U.S. Those stores were viewed as underperforming with average annual volume of $1.35 million a year.
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1AutoZone ( AZO ) but now slightly larger thanAdvance Auto Parts ( AAP ) in sales and store count. O'Reilly plans to open 190 new stores this year, on top of 180 last year. Since most of the CSK stores are in major metro markets compared to O'Reilly's larger mix of legacy stores in smaller markets, management thinks CSK stores can reach $1.8 million in per-unit volume.
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11943.0
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2013-02-08 00:00:00 UTC
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Mixed Bag from Advance Auto - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/mixed-bag-from-advance-auto-analyst-blog-2013-02-08
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. However, reported EPS surpassed the Zacks Consensus Estimate by 13 cents. Net income dipped 2.1% to $65.1 million from $66.4 million a year ago.
Revenues remained flat year over year at $1.3 billion, in line with the Zacks Consensus Estimate. Flat revenues reflect a 1.9% decrease in comparable store sales versus a 2.9% rise during the fourth quarter of 2011, offset partially by the positive impact of net addition of 132 stores over the past 12 months.
Gross margin expanded 87 basis points to 49.9% from 49.0% in the fourth quarter of 2011. The improvement was attributable to increased shrink and supply chain efficiencies. Operating profit increased 1.1% to $113.2 million or 8.5% of sales from $111.9 million or 8.4% in the year-ago quarter.
During the quarter, Advance Auto Parts opened 67 stores, including 8 Autopart International stores. With this, the company has opened 137 stores, including 21 Autopart International stores, in 2012. The company has closed 5 stores in 2012. As of Dec 29, 2012, the company's total store count stood at 3,794, including 218 Autopart International stores.
For full year 2012, Advance Auto Parts reported a 2.2% increase in earnings per share to $5.22 from $5.11 a year ago. Revenues increased marginally to $6.21 billion from $6.17 billion in 2011. Gross margin increased to 49.9% from 49.7% in fiscal 2011.
Share Repurchase and Dividend
In 2012, Advance Auto Parts repurchased shares worth $27.1 million. As of Dec 29, 2012, the company had nearly $492 million shares remaining under its $500 million share repurchase program, which was authorized by the board on May 14, 2012.
On Feb 5, 2013, the board of directors of the company approved a quarterly dividend of 6 cents per share. The dividend is payable on Apr 5 to shareholders of record as of Mar 22.
Financial Position
Advance Auto Parts had cash and cash equivalents of $598.1 million as of Dec 29, 2012, significantly up from $57.9 million as of Dec 31, 2011. Long-term debt increased to $604.5 million as of Dec 29, 2012 from $415.1 million as of Dec 31, 2011. Long-term debt-to-capitalization ratio was 33.3% versus 32.9% as of Dec 31, 2011.
In the 52-week period ended Dec 29, 2012, the company's operating cash flow declined to $685.3 million from $828.9 million in the year-ago period. Capital expenditures (net) increased marginally to $271.2 million from $268.1 million a year ago.
Outlook
For 2013, Advance Auto Parts expects operating EPS between $5.45 and $5.60, which excludes one-time integration costs for BWP Distributors of roughly 15 cents to 20 cents per share. Revenues are expected to increase roughly $170 million to $180 million during the year due to the acquisition of BWP.
Capital expenditure is estimated in the range of $275 million to $300 million. Free cash flow will be $375 million, excluding the net acquisition price of BWP.
Our Take
Advance Auto Parts operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. The company is the second leading retailer catering to the DIY and DIFM (or commercial) customers. It retains a Zacks Rank #3 (Hold).
AutoZone Inc. ( AZO ), another leading retailer and distributor of automotive replacement parts & accessories, reported a 15.6% rise in earnings per share to $5.41 in the first quarter of fiscal 2013 ended Nov 17, 2012 from $4.68 in the year-ago quarter. With this, profits in the quarter surpassed the Zacks Consensus Estimate by a penny. The company's revenues for the quarter increased 3.5% to $1.99 billion, marginally missing the Zacks Consensus Estimate of $2.03 billion.
Currently, CarMax Inc. ( KMX ) and O'Reilly Automotive Inc. ( ORLY ) with Zacks Rank #2 (Buy) are performing well in the same industry where Advance Auto Parts operates.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CARMAX GP (CC) (KMX): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Our Take Advance Auto Parts operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. During the quarter, Advance Auto Parts opened 67 stores, including 8 Autopart International stores.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. As of Dec 29, 2012, the company had nearly $492 million shares remaining under its $500 million share repurchase program, which was authorized by the board on May 14, 2012.
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Advance Auto Parts Inc. ( AAP ) posted a 2.2% decrease in earnings per share to 88 cents in the fourth quarter of 2012 from 90 cents in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CARMAX GP (CC) (KMX): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Capital expenditures (net) increased marginally to $271.2 million from $268.1 million a year ago.
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11944.0
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2013-01-16 00:00:00 UTC
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Agree Realty Prices 1.5M Stock Offer - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/agree-realty-prices-1.5m-stock-offer-analyst-blog-2013-01-16
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nan
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nan
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Agree Realty Corporation ( ADC ), a real estate investment trust (REIT), announced the pricing of a public offering of 1.5 million common shares. Priced at $27.25 a share, the offering would help the company raise proceeds of over $40.8 million. Moreover, the underwriters have been granted a 30-day option to purchase up to 225,000 additional shares for covering over-allotments, if any.
This larger-sized public offering (it previously disclosed a plan to offer 1.3 million shares) comes as part of Agree Realty's effort to generate cash to repay its debt, finance development activity and property acquisitions as well as for general corporate purposes.
Particularly, the company plans to use the proceeds from this public offering to pay down the outstanding debt under its $85 million credit facility. The sole book running managers for this offering was Raymond James. The offering is scheduled to close on or about Jan 18, 2013.
For Agree Realty, though the public offering would result in share dilution, the paying back of debt is encouraging as it would reduce its interest expenses. Moreover, the opportunistic acquisitions would help Agree Realty enhance its portfolio quality, which in turn could be accretive to its earnings going forward. In addition, it aims to retain high-end tenants through long-term lease deals, thereby guaranteeing a consistent source of income.
As a matter of fact, Agree Realty has been on an acquisition spree. Recently, the company announced the acquisition of 4 Applebee's International Inc. restaurants along with one store of Advance Auto Parts Inc. ( AAP ) in late December 2012. The average purchase price of the properties came in at approximately $10.1 million.
With the above-mentioned transaction, Agree Realty's total acquisitions in 2012 reached roughly $81.5 million - more than doubling from the total value of the 2011 acquisitions. The company acquired properties spanning approximately 400,000 square feet located in 15 states.
The properties are spread along 13 retail sectors and have an average lease term of 14.5 years. Roughly 68% of the annualized base rents, generated from these acquisitions in 2012, are from investment-grade retailers.
Agree Realty is mainly engaged in the acquisition and development of single tenant properties net leased to industry leading retail tenants. Currently, it owns and operates a portfolio of 109 properties, situated in 27 states and includes around 3.3 million square feet of gross leasable space.
We presently have a long-term Neutral recommendation on Agree Realty. Also, it holds a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recently, the company announced the acquisition of 4 Applebee's International Inc. restaurants along with one store of Advance Auto Parts Inc. ( AAP ) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report To read this article on Zacks.com click here. Agree Realty Corporation ( ADC ), a real estate investment trust (REIT), announced the pricing of a public offering of 1.5 million common shares.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report To read this article on Zacks.com click here. Recently, the company announced the acquisition of 4 Applebee's International Inc. restaurants along with one store of Advance Auto Parts Inc. ( AAP ) in late December 2012. Agree Realty Corporation ( ADC ), a real estate investment trust (REIT), announced the pricing of a public offering of 1.5 million common shares.
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Recently, the company announced the acquisition of 4 Applebee's International Inc. restaurants along with one store of Advance Auto Parts Inc. ( AAP ) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report To read this article on Zacks.com click here. Agree Realty Corporation ( ADC ), a real estate investment trust (REIT), announced the pricing of a public offering of 1.5 million common shares.
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Recently, the company announced the acquisition of 4 Applebee's International Inc. restaurants along with one store of Advance Auto Parts Inc. ( AAP ) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report To read this article on Zacks.com click here. This larger-sized public offering (it previously disclosed a plan to offer 1.3 million shares) comes as part of Agree Realty's effort to generate cash to repay its debt, finance development activity and property acquisitions as well as for general corporate purposes.
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11945.0
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2013-01-14 00:00:00 UTC
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Agree Realty Continues to Expand - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/agree-realty-continues-to-expand-analyst-blog-2013-01-14
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nan
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nan
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Agree Realty Corporation (ADC) - a real estate investment trust (REIT) - announced that it has acquired four Applebee's International Inc.'s restaurants along with one store of Advance Auto Parts Inc. (AAP) in late December 2012. The average purchase price of the properties came in at approximately $10.1 million.
With the abovementioned transaction, the company's total acquisitions in 2012 reached roughly $81.5 million - more than double the total value of the 2011 acquisitions. The company acquired properties spanning approximately 400,000 square feet located in 15 states. The properties are spread along 13 retail sectors and have an average lease term of 14.5 years. Roughly 68% of the annualized base rents, generated from these 2012 acquisitions, are from investment-grade retailers.
Applebee's International Inc. is a wholly-owned restaurant chain of DineEquity, Inc. (DIN) . The acquired restaurants are located in Harlingen, Wichita Falls and Florida regions. All the properties have a new 20-year lease and comprise fixed annual rental increases.
Advance Auto Parts is the second-largest automotive replacement parts and accessories retailer in the U.S., based on revenues and store count. The acquired Advance Auto unit is situated in Virginia at an outlet of a Wal-Mart Stores Inc. 's (WMT) supercenter.
Through this strategic initiative, Agree Realty expects to enhance its portfolio quality, which in turn could be accretive to its earnings going forward. In addition, it aims to retain high-end tenants through long-term lease deals, thereby guaranteeing a consistent source of income.
Lately, Agree Realty has been actively repositioning its portfolio by divesting assets that have limited opportunities and acquiring properties, which have the potential to generate higher returns. Over the last two months, the company acquired many premium assets. In November, it acquired a $3.0 million worth of unit from Harris Teeter - a wholly-owned subsidiary of Harris Teeter Supermarkets, Inc. (HTSI) . In late December, agree Realty acquired two premium assets - LA Fitness property in Illinois and an AutoZone store in Minneapolis - for approximately $11.6 million.
We presently have a long-term 'Neutral' recommendation on Agree Realty. Also, it holds a Zacks Rank #3 (Hold).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
DINEEQUITY INC (DIN): Free Stock Analysis Report
HARRIS TEETER (HTSI): Free Stock Analysis Report
WAL-MART STORES (WMT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Agree Realty Corporation (ADC) - a real estate investment trust (REIT) - announced that it has acquired four Applebee's International Inc.'s restaurants along with one store of Advance Auto Parts Inc. (AAP) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. Lately, Agree Realty has been actively repositioning its portfolio by divesting assets that have limited opportunities and acquiring properties, which have the potential to generate higher returns.
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Agree Realty Corporation (ADC) - a real estate investment trust (REIT) - announced that it has acquired four Applebee's International Inc.'s restaurants along with one store of Advance Auto Parts Inc. (AAP) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. In late December, agree Realty acquired two premium assets - LA Fitness property in Illinois and an AutoZone store in Minneapolis - for approximately $11.6 million.
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Agree Realty Corporation (ADC) - a real estate investment trust (REIT) - announced that it has acquired four Applebee's International Inc.'s restaurants along with one store of Advance Auto Parts Inc. (AAP) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. In late December, agree Realty acquired two premium assets - LA Fitness property in Illinois and an AutoZone store in Minneapolis - for approximately $11.6 million.
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Agree Realty Corporation (ADC) - a real estate investment trust (REIT) - announced that it has acquired four Applebee's International Inc.'s restaurants along with one store of Advance Auto Parts Inc. (AAP) in late December 2012. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report DINEEQUITY INC (DIN): Free Stock Analysis Report HARRIS TEETER (HTSI): Free Stock Analysis Report WAL-MART STORES (WMT): Free Stock Analysis Report To read this article on Zacks.com click here. The company acquired properties spanning approximately 400,000 square feet located in 15 states.
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11946.0
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2013-01-02 00:00:00 UTC
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Advance Auto Acquires B.W.P. - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-acquires-b.w.p.-analyst-blog-2013-01-02
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) announced that it has completed the acquisition of Armonk, New York-based supplier of automotive aftermarket parts B.W.P. Distributors, Inc. ("BWP") in an all-cash transaction. The acquisition is a part of the company's expansion plan in the strategic growth area of Northeast.
BWP is a privately held company founded in 1962. It supplies, markets and distributes automotive aftermarket parts and products to commercial customers spread across 216 locations in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
Due to the closing of the transaction, Advance Auto will operate 124 BWP stores and transfer the rights to an affiliate of General Parts International, Inc. - a privately held auto parts supplying company - to distribute its products to 92 independently owned locations. In addition, the Roanoke, Virginia-based automotive aftermarket parts retailer will continue to operate two BWP distribution centers in Sutton, Massachusetts and Delran, New Jersey.
Advance Auto posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. However, the EPS tallied the Zacks Consensus Estimate during the quarter. Net income dipped 15.2% to $89.5 million from $105.6 million a year ago.
Revenues in the quarter slid $7.5 million or 0.5% to $1.5 billion, reflecting a 1.8% decrease in comparable store versus a comparable store sales increase of 2.2% during the third quarter of 2011, offset partially by the positive impact of net addition of 82 stores during the past 12 months.
Advance Auto Parts lowered its earnings outlook for 2012 due to the short-term softness in sales. The company now expects to earn between $5.05 and $5.15 per share for the year, down from the prior guidance of $5.25 to $5.35.
As of October 6, 2012, the company's total store count stood at 3,727, including 210 Autopart International stores. It competes with AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and Pep Boys-Manny, Moe & Jack ( PBY ) and currently retains a Zacks #3 Rank on its stock, which translates to a short-term (1 to 3 months) rating of Hold.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) announced that it has completed the acquisition of Armonk, New York-based supplier of automotive aftermarket parts B.W.P. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. It supplies, markets and distributes automotive aftermarket parts and products to commercial customers spread across 216 locations in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) announced that it has completed the acquisition of Armonk, New York-based supplier of automotive aftermarket parts B.W.P. It supplies, markets and distributes automotive aftermarket parts and products to commercial customers spread across 216 locations in Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) announced that it has completed the acquisition of Armonk, New York-based supplier of automotive aftermarket parts B.W.P. Due to the closing of the transaction, Advance Auto will operate 124 BWP stores and transfer the rights to an affiliate of General Parts International, Inc. - a privately held auto parts supplying company - to distribute its products to 92 independently owned locations.
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Advance Auto Parts Inc. ( AAP ) announced that it has completed the acquisition of Armonk, New York-based supplier of automotive aftermarket parts B.W.P. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Due to the closing of the transaction, Advance Auto will operate 124 BWP stores and transfer the rights to an affiliate of General Parts International, Inc. - a privately held auto parts supplying company - to distribute its products to 92 independently owned locations.
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11947.0
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2012-12-17 00:00:00 UTC
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Advance Auto Parts Inc (AAP) Ex-Dividend Date Scheduled for December 19, 2012
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-inc-aap-ex-dividend-date-scheduled-december-19-2012-2012-12-17
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nan
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nan
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Advance Auto Parts Inc ( AAP ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.06 per share scheduled for January 04, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 28th quarter that AAP has paid the same dividend. At the current stock price of $72.59, the dividend yield is .33%.
The previous trading day's last sale of AAP was $72.59, representing a -22.01% decrease from the 52 week high of $93.08 and a 19.25% increase over the 52 week low of $60.87.
AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ). AAP's current earnings per share, an indicator of a company's profitability, is $5.24. Zacks Investment Research reports AAP's forecasted earnings growth in 2012 as -.03%, compared to an industry average of -9.4%.
For more information on the declaration, record and payment dates, visit the AAP Dividend History page.
Interested in gaining exposure to AAP through an Exchange Traded Fund [ETF]?
The following ETF(s) have AAP as a top-10 holding:
QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL )
Pax MSCI North America ESG Index ETF (based on the MSCI North ( NASI ).
The top-performing ETF of this group is NASI with an increase of 2.32% over the last 100 days.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.06 per share scheduled for January 04, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. AAP is a part of the Consumer Services sector, which includes companies such as AutoZone, Inc. ( AZO ) and O'Reilly Automotive, Inc. ( ORLY ).
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The following ETF(s) have AAP as a top-10 holding: QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL ) Pax MSCI North America ESG Index ETF (based on the MSCI North ( NASI ). The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts Inc ( AAP ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.06 per share scheduled for January 04, 2013.
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Advance Auto Parts Inc ( AAP ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.06 per share scheduled for January 04, 2013. Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAP as a top-10 holding: QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL ) Pax MSCI North America ESG Index ETF (based on the MSCI North ( NASI ).
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Shareholders who purchased AAP stock prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have AAP as a top-10 holding: QuantShares U.S. Market Neutral Anti Beta Fund ETF ( BTAL ) Pax MSCI North America ESG Index ETF (based on the MSCI North ( NASI ). Advance Auto Parts Inc ( AAP ) has announced an ex-dividend date of December 19, 2012 and a cash dividend payment of $0.06 per share scheduled for January 04, 2013.
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11948.0
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2012-12-14 00:00:00 UTC
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Zacks #5 Rank Additions for Friday - Tale of the Tape
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-friday-tale-of-the-tape-2012-12-14
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts, Inc. ( AAP )
Anglo American plc (ADR) ( AAUKY )
AptarGroup, Inc. ( ATR )
Michael Baker Corp. ( BKR )
BANCO DO BRASIL SA S/ADR ( BDORY )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ANGLO AMER -PLC (AAUKY): Free Stock Analysis Report
APTARGROUP INC (ATR): Free Stock Analysis Report
(BDORY): ETF Research Reports
BAKER (MICHAEL) (BKR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Anglo American plc (ADR) ( AAUKY ) AptarGroup, Inc. ( ATR ) Michael Baker Corp. ( BKR ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ANGLO AMER -PLC (AAUKY): Free Stock Analysis Report APTARGROUP INC (ATR): Free Stock Analysis Report (BDORY): ETF Research Reports BAKER (MICHAEL) (BKR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Anglo American plc (ADR) ( AAUKY ) AptarGroup, Inc. ( ATR ) Michael Baker Corp. ( BKR ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ANGLO AMER -PLC (AAUKY): Free Stock Analysis Report APTARGROUP INC (ATR): Free Stock Analysis Report (BDORY): ETF Research Reports BAKER (MICHAEL) (BKR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report ANGLO AMER -PLC (AAUKY): Free Stock Analysis Report APTARGROUP INC (ATR): Free Stock Analysis Report (BDORY): ETF Research Reports BAKER (MICHAEL) (BKR): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Anglo American plc (ADR) ( AAUKY ) AptarGroup, Inc. ( ATR ) Michael Baker Corp. ( BKR ) Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Anglo American plc (ADR) ( AAUKY ) AptarGroup, Inc. ( ATR ) Michael Baker Corp. ( BKR ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ANGLO AMER -PLC (AAUKY): Free Stock Analysis Report APTARGROUP INC (ATR): Free Stock Analysis Report (BDORY): ETF Research Reports BAKER (MICHAEL) (BKR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11949.0
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2012-12-13 00:00:00 UTC
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How Richard Blum Had the Best-Performing Picks on GuruFocus in the Past Year
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https://www.nasdaq.com/articles/how-richard-blum-had-best-performing-picks-gurufocus-past-year-2012-12-13
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Richard Blum 's stock picks of the last year are an unsung success of 2012's challenging investing environment. Though official return numbers have not appeared yet, Blum's positioning achieved the highest average return numbers in the last 12 months, at 40.33 percent, according to GuruFocus' Score Board of Gurus .
Blum's firm, San Francisco-based Blum Capital Partners, was founded in 1975 and manages approximately $1.6 billion. Blum's strategy is to identify attractive businesses and invest in them through the most effective means. Often, the firm will take large positions in good, small- and mid-cap undervalued companies and increase value through actively engaging with management teams. He only considers companies with a 10% cash-on-cash yield and projected 10% free cash flow growth rate. As a value investor, the typical holding period for a stock is three to five years.
Since his firm's inception through the first quarter of 2011, Blum produced a time-weighted return of 17.1%. Performance has not always been as good as recently, particularly due to a foray into a troubled sector.
2012
Though heavy concentration in sunken for-profit education stocks has weighed on Blum's overall returns, his picks over the past 12 months have excelled. Most of the underperforming stocks were purchased before the arrival of new portfolio managers and partners to join the company in August 2009. The declining sector caused a significant amount of company to leave the company. From 2008 to May 2012, the firm's assets under management have declined from $2.7 billion to $1.7 billion.
The new stocks added to the portfolio within the past 12 months (third quarter of 2011) are: CareFusion Corp. ( CFN ), Newell Rubbermaid Inc. ( NWL ), Marriott Vacations Worldwide ( VAC ), Advance Auto Parts Inc. ( AAP ). These positions occupy smaller portions of his portfolio, ranging from 2 percent to 2.7 percent.
The biggest gain of the four was seen at Marriott Vacations Worldwide, which increased 132 percent in the past 52 weeks.
Marriott Vacations
Blum purchased 274,496 shares of Marriott Vacations when he opened the position for $23 per share on average in the first quarter of 2012. He added 250,000 shares the next quarter when the price rose to $29 on average. He reduced a modest 1,530 shares in the third quarter at an average price of $32 each. Marriot opened for $40.71 per share on Wednesday.
The company is a spin-off from Marriott International as a pure-play vacation ownership company with exclusive rights to the Marriott and Ritz-Carlton brands beginning in late 2011. It derives revenue primarily from selling vacation ownership products, managing its resorts, financing consumer purchase of vacation ownership products and renting vacation ownership inventory.
The company owns 64 properties as of Sept. 7, 2012, with 43 in the U.S., 3 in non-U.S. North America, 5 in Europe and 3 in the Asia Pacific. It has significantly cut back on developing new Luxury vacation ownership products and is not currently working on any. It is also evaluating opportunities to sell excess luxury inventory. It also has no plans to build anymore in Europe. In Asia Pacific, however, it is identifying
In the third quarter, it reported net income of $6 million, up from a net loss of $221 million a year previously, which reflected pre-tax non-cash impairment charges and reversals of $320 million. Revenue was $383 million, increased from $378 million a year previously, due to higher revenues from rentals, report management and other services, as well as cost reimbursements. The company expects to save $15 million to $20 million annually as a result of the organizational and separation plan following the spinoff.
After three consecutive quarters of strong performance and positive fourth-quarter expectations, the company raised its adjusted EBITDA guidance for the full year to $130 million to $140 million, from $115 million to $125 million. See its 10-year financial page here .
Rubbermaid
Blum's second best stock of the year was Newell Rubbermaid, whose price gained 42 percent. Newell Rubbermand is a consumer products marketer that owns brands such as Rubbermaid, Sharpie, Graco and Calphalon, to name a few.
Early this year, the company implemented a growth strategy that emphasized growth in emerging markets, simplifying the business, innovating, and many other facets. In October, it announced the assembly of a new leadership team to accelerate the growth plan.
After years of declines and stagnation, Rubbermaid's revenue began to increase for the past two years. It has also remained free cash flow positive for the past decade, which will help it fund its growth initiatives. See its 10-year financial page here .
Education
Blum's high concentration in the for-profit education sector has dragged on performance. For instance, ITT Educational Services ( ESI ), which he bought in the first quarter of 2008 and added to in 2010 at some of its peak prices in recent years, has lost 62% of its market cap in the past year. Blum's holding of the company currently stands at 16.8%, and occupies 14.5% of his portfolio, as his second largest holding. See its 10-year financial page here.
His seventh largest holding, at 5.8% of his portfolio, is Career Education Corp. ( CECO ). He currently owns 20.07% of the company. This holding predates 2007, but the company's stock has been mostly declining for most of the decade and is down 88% in the last five years. See its 10-year financial page here.
As a value-oriented, long-term investor, Blum's for-profit education investments still have time to rebound should the regulatory overhang clear, though the future for them remains uncertain.
See Richard Blum's portfolio here. Also check out the undervalued stocks, top growth companies, and high yield stocks of Richard Blum.
See how other Gurus performed this year on GuruFocus' Score Board of Gurus.About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The new stocks added to the portfolio within the past 12 months (third quarter of 2011) are: CareFusion Corp. ( CFN ), Newell Rubbermaid Inc. ( NWL ), Marriott Vacations Worldwide ( VAC ), Advance Auto Parts Inc. ( AAP ). 2012 Though heavy concentration in sunken for-profit education stocks has weighed on Blum's overall returns, his picks over the past 12 months have excelled. As a value-oriented, long-term investor, Blum's for-profit education investments still have time to rebound should the regulatory overhang clear, though the future for them remains uncertain.
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The new stocks added to the portfolio within the past 12 months (third quarter of 2011) are: CareFusion Corp. ( CFN ), Newell Rubbermaid Inc. ( NWL ), Marriott Vacations Worldwide ( VAC ), Advance Auto Parts Inc. ( AAP ). It derives revenue primarily from selling vacation ownership products, managing its resorts, financing consumer purchase of vacation ownership products and renting vacation ownership inventory. Also check out the undervalued stocks, top growth companies, and high yield stocks of Richard Blum.
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The new stocks added to the portfolio within the past 12 months (third quarter of 2011) are: CareFusion Corp. ( CFN ), Newell Rubbermaid Inc. ( NWL ), Marriott Vacations Worldwide ( VAC ), Advance Auto Parts Inc. ( AAP ). Marriott Vacations Blum purchased 274,496 shares of Marriott Vacations when he opened the position for $23 per share on average in the first quarter of 2012. After three consecutive quarters of strong performance and positive fourth-quarter expectations, the company raised its adjusted EBITDA guidance for the full year to $130 million to $140 million, from $115 million to $125 million.
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The new stocks added to the portfolio within the past 12 months (third quarter of 2011) are: CareFusion Corp. ( CFN ), Newell Rubbermaid Inc. ( NWL ), Marriott Vacations Worldwide ( VAC ), Advance Auto Parts Inc. ( AAP ). Rubbermaid Blum's second best stock of the year was Newell Rubbermaid, whose price gained 42 percent. This holding predates 2007, but the company's stock has been mostly declining for most of the decade and is down 88% in the last five years.
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11950.0
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2012-12-12 00:00:00 UTC
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-12-12
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
3SBio Inc. (ADR) ( SSRX )
Advance Auto Parts, Inc. ( AAP )
Align Technology, Inc. ( ALGN )
Antares Pharma Inc. ( ATRS )
Atlas Air Worldwide Holdings, Inc. ( AAWW )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ATLAS AIR WORLD (AAWW): Free Stock Analysis Report
ALIGN TECH INC (ALGN): Free Stock Analysis Report
ANTARES PHARMA (ATRS): Free Stock Analysis Report
3SBIO INC-ADS (SSRX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: 3SBio Inc. (ADR) ( SSRX ) Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report 3SBIO INC-ADS (SSRX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: 3SBio Inc. (ADR) ( SSRX ) Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report 3SBIO INC-ADS (SSRX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: 3SBio Inc. (ADR) ( SSRX ) Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report 3SBIO INC-ADS (SSRX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: 3SBio Inc. (ADR) ( SSRX ) Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report 3SBIO INC-ADS (SSRX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11951.0
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2012-12-05 00:00:00 UTC
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-12-05
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts, Inc. ( AAP )
AerCap Holdings N.V. ( AER )
American National BankShares Inc. ( AMNB )
Antares Pharma Inc. ( ATRS )
Atlas Air Worldwide Holdings, Inc. ( AAWW )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ATLAS AIR WORLD (AAWW): Free Stock Analysis Report
AERCAP HLDGS NV (AER): Free Stock Analysis Report
AMER NATL BNKSH (AMNB): Free Stock Analysis Report
ANTARES PHARMA (ATRS): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) AerCap Holdings N.V. ( AER ) American National BankShares Inc. ( AMNB ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) AerCap Holdings N.V. ( AER ) American National BankShares Inc. ( AMNB ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) AerCap Holdings N.V. ( AER ) American National BankShares Inc. ( AMNB ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) AerCap Holdings N.V. ( AER ) American National BankShares Inc. ( AMNB ) Antares Pharma Inc. ( ATRS ) Atlas Air Worldwide Holdings, Inc. ( AAWW ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ATLAS AIR WORLD (AAWW): Free Stock Analysis Report AERCAP HLDGS NV (AER): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report ANTARES PHARMA (ATRS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11952.0
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2012-12-04 00:00:00 UTC
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AutoZone Beats, Profits Rise - Analyst Blog
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https://www.nasdaq.com/articles/autozone-beats-profits-rise-analyst-blog-2012-12-04
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AutoZone Inc. ( AZO ) reported a 15.6% rise in earnings per share to $5.41 in the fiscal first quarter ended November 17, 2012 from $4.68 in the year-ago quarter. Net income went up 6.4% to $203.5 million from $191.1 million in the year-ago quarter. With this, profits in the quarter surpassed the Zacks Consensus Estimate by a penny.
The company's revenues for the quarter increased 3.5% to $1.99 billion, marginally missing the Zacks Consensus Estimate of $2.03 billion. Domestic same-store sales (sales for stores open at least one year) increased 0.2% during the quarter compared with 4.6% a year ago.
Gross profit increased 4.9% to $1.03 billion or 51.8% of sales from $983.6 million or 51.1% in the year-ago quarter. The year-over-year growth in margins was attributable to higher merchandise margins (53 basis points) due to reduction in acquisition costs and shrink expense.
Operating income climbed 6.6% to $363.3 million from $340.9 million recorded in the first quarter of fiscal 2012. Operating expenses increased 4% to $668.6 million or 33.6% of sales versus $642.7 million or 33.4% a year ago. The higher operating expenses were attributable to higher store payroll, partially offset by lower advertising expenses.
Store Opening and Inventory
AutoZone opened 19 new stores in the U.S, 4 new stores in Mexico and expanded its footprint in Brazil with its first store. The company also closed one of the stores in the U.S. As of November 17, 2012, the company had 4,703 stores in 49 states, the District of Columbia and Puerto Rico in the U.S., 325 stores in Mexico and one store in Brazil.
The company's inventory grew 6.8% in the quarter, driven by new store openings. Inventory per store increased marginally by 2.5% to $537.0 thousand from $524.0 thousand in the corresponding quarter of last year.
Share Repurchase
During the quarter, AutoZone repurchased 855 thousand shares for $317.0 million, reflecting an average price of $371.0. The company had $788.0 million worth of shares remaining for repurchase at the end of the first quarter of fiscal year 2013.
Financial Details
AutoZone had cash and cash equivalents of $99.9 million as of November 17, 2012, up from $96.7 million as of November 19, 2011. Total debt amounted to $3.8 billion as of November 17, 2012 compared with $3.4 billion as of November 19, 2011. The company had a stockholder deficit of $1.6 billion as of November 17, 2012, up from $1.3 billion as of November 19, 2011.
During first quarter of fiscal year 2013, the company generated net cash flow of $279.7 million before share repurchases and changes in debt compared with $303.0 million in the first quarter of fiscal 2012. Capital spending increased to $80.4 million from $61.9 million in the first quarter of fiscal 2012.
Our Take
AutoZone is a leading retailer and distributor of automotive replacement parts & accessories with stores located in the U.S. and Mexico. The company is focused on aggressive share repurchase program along with expansion of hub stores. However, rising gas prices poses a threat to the company.
AutoZone, which competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. Currently, we have a long-term (more than 6 months) Neutral recommendation on its shares.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AutoZone, which competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The company had $788.0 million worth of shares remaining for repurchase at the end of the first quarter of fiscal year 2013.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone, which competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. Operating expenses increased 4% to $668.6 million or 33.6% of sales versus $642.7 million or 33.4% a year ago.
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AutoZone, which competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Store Opening and Inventory AutoZone opened 19 new stores in the U.S, 4 new stores in Mexico and expanded its footprint in Brazil with its first store.
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AutoZone, which competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), maintains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) reported a 15.6% rise in earnings per share to $5.41 in the fiscal first quarter ended November 17, 2012 from $4.68 in the year-ago quarter.
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11953.0
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2012-11-23 00:00:00 UTC
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Bear of the Day: Advance Auto Parts (AAP) - Bear of the Day
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AAP
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https://www.nasdaq.com/articles/bear-of-the-day%3A-advance-auto-parts-aap-bear-of-the-day-2012-11-23
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Advance Auto Parts ( AAP ) aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy. However, the sluggish economy, volatile gasoline prices and pricing are some of the challenges facing the company.
The company's profits fell 14.2% to $1.21 per share in the third quarter of the year due to weak sales in the cold weather markets; however, it was in line with the Zacks Consensus Estimate. The company also lowered its earnings outlook for 2012 due to the short-term softness in sales.
Our long-term Underperform recommendation on the stock indicates that it will perform below the broader market. Our $71.00 target price, 13.9X our 2012 EPS estimate, reflects this view.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts ( AAP ) aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The company's profits fell 14.2% to $1.21 per share in the third quarter of the year due to weak sales in the cold weather markets; however, it was in line with the Zacks Consensus Estimate.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts ( AAP ) aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Advance Auto Parts ( AAP ) aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy.
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Advance Auto Parts ( AAP ) aims to improve its supply chain and vendor terms by pursuing an aggressive store expansion strategy. ADVANCE AUTO PT (AAP): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report To read this article on Zacks.com click here. The company's profits fell 14.2% to $1.21 per share in the third quarter of the year due to weak sales in the cold weather markets; however, it was in line with the Zacks Consensus Estimate.
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11954.0
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2012-11-19 00:00:00 UTC
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Zacks #5 Rank Additions for Monday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-monday-tale-of-the-tape-2012-11-19
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts, Inc. ( AAP )
Align Technology, Inc. ( ALGN )
Autoliv Inc. ( ALV )
BJ's Restaurants, Inc. ( BJRI )
Ceradyne, Inc. ( CRDN )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ALIGN TECH INC (ALGN): Free Stock Analysis Report
AUTOLIV INC (ALV): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
CERADYNE INC (CRDN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Autoliv Inc. ( ALV ) BJ's Restaurants, Inc. ( BJRI ) Ceradyne, Inc. ( CRDN ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CERADYNE INC (CRDN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Autoliv Inc. ( ALV ) BJ's Restaurants, Inc. ( BJRI ) Ceradyne, Inc. ( CRDN ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CERADYNE INC (CRDN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CERADYNE INC (CRDN): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Autoliv Inc. ( ALV ) BJ's Restaurants, Inc. ( BJRI ) Ceradyne, Inc. ( CRDN ) View the entire Zacks #5 Rank List . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) Align Technology, Inc. ( ALGN ) Autoliv Inc. ( ALV ) BJ's Restaurants, Inc. ( BJRI ) Ceradyne, Inc. ( CRDN ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report ALIGN TECH INC (ALGN): Free Stock Analysis Report AUTOLIV INC (ALV): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CERADYNE INC (CRDN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11955.0
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2012-11-15 00:00:00 UTC
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O'Reilly Boosts Share Repurchase - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-boosts-share-repurchase-analyst-blog-2012-11-15
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) revealed that its board of directors has approved a resolution that will enhance the authorization amount under its existing share repurchase program by $500 million, effective for a three-year period which began on November 12. With this, the aggregate authorization amount under the program has been increased to $3.0 billion.
Since the inception of the share repurchase program in January 2011 until October 25, O'Reilly has repurchased 30.1 million shares at an average price of $74.45, implying a total investment of $2.24 billion. During the third quarter of the year, the company has repurchased 6.4 million shares of its common stock at an average price of $84.76, implying a total investment of $539.0 million.
Subsequent to the end of the third quarter until October 25, the company has repurchased an additional 1.5 million shares for an average price of $83.49, implying a total investment of $128.0 million.
During the first nine months of the year, the company has repurchased 12.6 million shares at an average price of $89.62, leading to a total investment of $1.13 billion.
O'Reilly Automotive, a Zacks #2 Rank (Buy) stock, saw a 20% increase in earnings per share to $1.32 in the third quarter of 2012 from $1.10 in the same period last year. Quarterly earnings also surpassed the Zacks Consensus Estimate by 5 cents per share. Net income increased 7.3% to $159.3 million (9.9% of sales) from $148.4 million (9.7%) in the third quarter of 2011.
Revenues in the quarter rose 4.3% to $1.60 billion from $1.54 billion a year ago, marginally missing the Zacks Consensus Estimate of $1.62 billion. Comparable store sales (change in sales for stores open at least one year) stood at 1.3% compared with 4.8% in the third quarter of 2011.
Operating income improved 9.2% to $263.3 million from $241.0 million a year ago, while operating margin improved to 16.4% from 15.7% in the third quarter of 2011.
For the fourth quarter of the year, O'Reilly expects earnings per share of $1.03 to $1.07 and consolidated comparable store sales to increase in the range of 2% to 4%.
For full year 2012, the company anticipates earnings per share in the range of $4.64 to $4.68, up from the previous guidance of $4.56 to $4.66. It expects lower consolidated comparable store sales of 3%-4% compared with the prior guidance of 3%-5%.
O'Reilly lowered its revenue guidance to $6.15 billion-$6.20 billion from $6.15 billion-$6.25 billion. The company expects gross margin between 49.8% and 50.0% and operating margin between 15.5% and 15.8% for the year.
O'Reilly Automotive is the third largest specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., selling products to both Do-it-Yourself (DIY) customers and Do-it-for-Me (DIFM) or professional installers.
The company sells an extensive line of products consisting of new and remanufactured automotive hard parts (such as mufflers, brakes, and shock absorbers), maintenance items, accessories, a complete range of auto body paint and related materials, automotive tools and professional service equipment. Its main competitors are Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its main competitors are Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive Inc. ( ORLY ) revealed that its board of directors has approved a resolution that will enhance the authorization amount under its existing share repurchase program by $500 million, effective for a three-year period which began on November 12.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors are Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). Since the inception of the share repurchase program in January 2011 until October 25, O'Reilly has repurchased 30.1 million shares at an average price of $74.45, implying a total investment of $2.24 billion.
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Its main competitors are Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Since the inception of the share repurchase program in January 2011 until October 25, O'Reilly has repurchased 30.1 million shares at an average price of $74.45, implying a total investment of $2.24 billion.
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Its main competitors are Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive, a Zacks #2 Rank (Buy) stock, saw a 20% increase in earnings per share to $1.32 in the third quarter of 2012 from $1.10 in the same period last year.
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11956.0
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2012-11-13 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-11-13
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Access Midstream Partners LP ( ACMP )
Advance Auto Parts, Inc. ( AAP )
AIXTRON SE (ADR) ( AIXG )
American Capital Agency Corp. ( AGNC )
BioDelivery Sciences International, Inc. ( BDSI )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ACCESS MIDSTRM (ACMP): Free Stock Analysis Report
AMER CAP AGENCY (AGNC): Free Stock Analysis Report
AIXTRON AG-ADR (AIXG): Free Stock Analysis Report
BIODELIVERY SCI (BDSI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Access Midstream Partners LP ( ACMP ) Advance Auto Parts, Inc. ( AAP ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACCESS MIDSTRM (ACMP): Free Stock Analysis Report AMER CAP AGENCY (AGNC): Free Stock Analysis Report AIXTRON AG-ADR (AIXG): Free Stock Analysis Report BIODELIVERY SCI (BDSI): Free Stock Analysis Report To read this article on Zacks.com click here. American Capital Agency Corp. ( AGNC ) BioDelivery Sciences International, Inc. ( BDSI ) View the entire Zacks #5 Rank List .
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Access Midstream Partners LP ( ACMP ) Advance Auto Parts, Inc. ( AAP ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACCESS MIDSTRM (ACMP): Free Stock Analysis Report AMER CAP AGENCY (AGNC): Free Stock Analysis Report AIXTRON AG-ADR (AIXG): Free Stock Analysis Report BIODELIVERY SCI (BDSI): Free Stock Analysis Report To read this article on Zacks.com click here. American Capital Agency Corp. ( AGNC ) BioDelivery Sciences International, Inc. ( BDSI ) View the entire Zacks #5 Rank List .
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACCESS MIDSTRM (ACMP): Free Stock Analysis Report AMER CAP AGENCY (AGNC): Free Stock Analysis Report AIXTRON AG-ADR (AIXG): Free Stock Analysis Report BIODELIVERY SCI (BDSI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Access Midstream Partners LP ( ACMP ) Advance Auto Parts, Inc. ( AAP )
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Access Midstream Partners LP ( ACMP ) Advance Auto Parts, Inc. ( AAP ) ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACCESS MIDSTRM (ACMP): Free Stock Analysis Report AMER CAP AGENCY (AGNC): Free Stock Analysis Report AIXTRON AG-ADR (AIXG): Free Stock Analysis Report BIODELIVERY SCI (BDSI): Free Stock Analysis Report To read this article on Zacks.com click here. American Capital Agency Corp. ( AGNC ) BioDelivery Sciences International, Inc. ( BDSI ) View the entire Zacks #5 Rank List .
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11957.0
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2012-11-09 00:00:00 UTC
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Advance Auto Meets but Profits Fall - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-meets-but-profits-fall-analyst-blog-2012-11-09
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. However, the EPS tallied the Zacks Consensus Estimate during the quarter. Net income dipped 15.2% to $89.5 million from $105.6 million a year ago.
Revenues in the quarter slid $7.5 million or 0.5% to $1.5 billion, reflecting a 1.8% decrease in comparable store versus a comparable store sales increase of 2.2% during the third quarter of 2011, offset partially by the positive impact of net addition of 82 stores during the past 12 months.
Gross margin increased marginally by 31 basis points to 49.8% from 49.5% in the third quarter of 2011. The improvement in margin was attributable to increased shrink, cost deflation and supply chain efficiencies, offset partially by enhanced promotional activity. However, operating margin shrank 180 basis points to 10.3% from 12.1% in the fiscal 2011 quarter.
During the quarter, Advance Auto Parts opened 35 stores, including 7 Autopart International stores. With this, the company has opened 70 stores, including 13 Autopart International stores, year-to-date. As of October 6, 2012, the company's total store count stood at 3,727, including 210 Autopart International stores. The company is close to reaching the goal of 120 to 140 store openings in fiscal 2012.
During the quarter, Advance Auto Parts repurchased shares worth $25.2 million compared with the year-ago level of $629.2 million. At the end of the quarter, the company had nearly $500 million shares remaining under its share repurchase authorization.
Advance Auto Parts had cash and cash equivalents of $479.4 million as of October 6, 2012, significantly up from $65.9 million as of October 8, 2011. Long-term debt remained flat at $600.2 million as of October 6, 2012 compared with $600.4 million as of October 8, 2011. However, long-term debt-to-capitalization ratio improved to 34.3% from 43.6% a year ago due to a rise in shareholder's equity.
In the 40-week period ended October 6, 2012, the company's operating cash flow declined to $504.8 million from $611.0 million in the year-ago period mainly due to lower profits and higher receivables. Meanwhile, capital expenditures (net) decreased marginally to $200.9 million from $206.4 million a year ago.
Advance Auto Parts lowered its earnings outlook for 2012 due to the short-term softness in sales. The company now expects to earn between $5.05 and $5.15 per share for the year, down from the prior guidance of $5.25 to $5.35.
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. The company is the second leading retailer catering to the DIY and DIFM (or commercial) customers.
There are unconfirmed published reports claiming that Advanced Auto Parts was exploring to sell the company. It competes with AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and Pep Boys-Manny, Moe & Jack ( PBY ) and currently retains a Zacks #4 Rank on its stock, which translates to a short-term (1 to 3 months) rating of Sell.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. The improvement in margin was attributable to increased shrink, cost deflation and supply chain efficiencies, offset partially by enhanced promotional activity.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. During the quarter, Advance Auto Parts opened 35 stores, including 7 Autopart International stores.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. Revenues in the quarter slid $7.5 million or 0.5% to $1.5 billion, reflecting a 1.8% decrease in comparable store versus a comparable store sales increase of 2.2% during the third quarter of 2011, offset partially by the positive impact of net addition of 82 stores during the past 12 months.
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Advance Auto Parts Inc. ( AAP ) posted a 14.2% fall in earnings per share to $1.21 in the third quarter of the year from $1.41 in the same quarter a year-ago due to weak sales in the cold weather markets,. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues in the quarter slid $7.5 million or 0.5% to $1.5 billion, reflecting a 1.8% decrease in comparable store versus a comparable store sales increase of 2.2% during the third quarter of 2011, offset partially by the positive impact of net addition of 82 stores during the past 12 months.
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11958.0
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2012-11-08 00:00:00 UTC
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Advance Auto Parts Q3 Earnings Plunge, but Meet Expectations (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q3-earnings-plunge-meet-expectations-aap-2012-11-08
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nan
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nan
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted a sharp downturn in third quarter earnings, but results still matched Wall Street's view.
The Roanoke, VA-based company reported third quarter net income of $89.5 million, or $1.21 per share, compared with $105.6 million, or $1.41 per share, in the year-ago period.
Revenue fell 0.5% from last year to $1.46 billion.
On average, Wall Street analysts expected a matching profit of $1.21 per share, on matching revenue of $1.46 billion.
Advance Auto Parts shares posted modest gains in morning trading Thursday. The stock has see-sawed this year, as a big pullback from all-time highs hit in April has been buoyed by recent takeover rumors.
The Bottom Line
Shares of Advance Auto Parts ( AAP ) have a .30% dividend yield, based on last night's closing stock price of $79.76. The stock has technical support in the $70-$71 price area. If the shares can firm up, we see overhead resistance around the $82-$85 price levels.
Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .30% dividend yield, based on last night's closing stock price of $79.76. Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted a sharp downturn in third quarter earnings, but results still matched Wall Street's view. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted a sharp downturn in third quarter earnings, but results still matched Wall Street's view. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .30% dividend yield, based on last night's closing stock price of $79.76. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted a sharp downturn in third quarter earnings, but results still matched Wall Street's view. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .30% dividend yield, based on last night's closing stock price of $79.76. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted a sharp downturn in third quarter earnings, but results still matched Wall Street's view. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .30% dividend yield, based on last night's closing stock price of $79.76. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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11959.0
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2012-11-08 00:00:00 UTC
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Zacks #5 Rank Additions for Thursday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-thursday-tale-of-the-tape-2012-11-08
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts, Inc. ( AAP )
American Equity Investment Life Holding ( AEL )
Auxilium Pharmaceuticals, Inc. ( AUXL )
Avon Products, Inc. ( AVP )
BJ's Restaurants, Inc. ( BJRI )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AMER EQUITY INV (AEL): Free Stock Analysis Report
AUXILIUM PHARMA (AUXL): Free Stock Analysis Report
AVON PRODS INC (AVP): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American Equity Investment Life Holding ( AEL ) Auxilium Pharmaceuticals, Inc. ( AUXL ) Avon Products, Inc. ( AVP ) BJ's Restaurants, Inc. ( BJRI ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AUXILIUM PHARMA (AUXL): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American Equity Investment Life Holding ( AEL ) Auxilium Pharmaceuticals, Inc. ( AUXL ) Avon Products, Inc. ( AVP ) BJ's Restaurants, Inc. ( BJRI ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AUXILIUM PHARMA (AUXL): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American Equity Investment Life Holding ( AEL ) Auxilium Pharmaceuticals, Inc. ( AUXL ) Avon Products, Inc. ( AVP ) BJ's Restaurants, Inc. ( BJRI ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AUXILIUM PHARMA (AUXL): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American Equity Investment Life Holding ( AEL ) Auxilium Pharmaceuticals, Inc. ( AUXL ) Avon Products, Inc. ( AVP ) BJ's Restaurants, Inc. ( BJRI ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER EQUITY INV (AEL): Free Stock Analysis Report AUXILIUM PHARMA (AUXL): Free Stock Analysis Report AVON PRODS INC (AVP): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11960.0
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2012-11-07 00:00:00 UTC
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Pre-Market Earnings Report for November 8, 2012 : DUK, CNQ, MFC, FE, PPL, SLF, KSS, MGA, THI, VMC, AAP, WIN
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-november-8-2012-duk-cnq-mfc-fe-ppl-slf-kss-mga-thi-vmc-aap-win
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nan
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nan
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The following companies are expected to report earnings prior to market open on 11/08/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Duke Energy Corporation ( DUK ) is reporting for the quarter ending September 30, 2012. The electric power utilities company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.45. This value represents a -3.33% decrease compared to the same quarter last year. In the past year DUK has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 7.37%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DUK is 15.00 vs. an industry ratio of 13.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Canadian Natural Resources Limited ( CNQ ) is reporting for the quarter ending September 30, 2012. The oil company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.45. This value represents a -30.77% decrease compared to the same quarter last year. Manulife Financial Corp ( MFC ) is reporting for the quarter ending September 30, 2012. The life insurance company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.33. This value represents a -144.59% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MFC is 9.64 vs. an industry ratio of 16.30.
FirstEnergy Corporation ( FE ) is reporting for the quarter ending September 30, 2012. The electric power utilities company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.06. This value represents a -20.90% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for FE is 12.82 vs. an industry ratio of 13.40.
PPL Corporation ( PPL ) is reporting for the quarter ending September 30, 2012. The electric power utilities company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.68. This value represents a -10.53% decrease compared to the same quarter last year. In the past year PPL has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 27.5%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for PPL is 12.21 vs. an industry ratio of 13.40.
Sun Life Financial Inc. ( SLF ) is reporting for the quarter ending September 30, 2012. The life insurance company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.54. This value represents a -155.67% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SLF is 10.78 vs. an industry ratio of 16.30.
Kohl's Corporation ( KSS ) is reporting for the quarter ending October 31, 2012. The retail company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.87. This value represents a 8.75% increase compared to the same quarter last year. In the past year KSS has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.17%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for KSS is 11.90 vs. an industry ratio of 15.10.
Magna International, Inc. ( MGA ) is reporting for the quarter ending September 30, 2012. The auto (truck) company's consensus earnings per share forecast from the 12 analysts that follow the stock is $1.01. This value represents a 7.45% increase compared to the same quarter last year. MGA missed the consensus earnings per share in the 3rd calendar quarter by -6.93%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MGA is 8.89 vs. an industry ratio of 3.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Tim Hortons Inc. ( THI ) is reporting for the quarter ending September 30, 2012. The restaurant company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.73. This value represents a 15.87% increase compared to the same quarter last year. The last two quarters THI had negative earnings surprises; the latest report they missed by -1.43%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for THI is 18.61 vs. an industry ratio of 15.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Vulcan Materials Company ( VMC ) is reporting for the quarter ending September 30, 2012. The building company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.17. This value represents a -230.77% decrease compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for VMC is -138.51 vs. an industry ratio of -8.30.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2012. The wholesale retail company's consensus earnings per share forecast from the 16 analysts that follow the stock is $1.21. This value represents a -14.18% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Windstream Corporation ( WIN ) is reporting for the quarter ending September 30, 2012. The wire line company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.13. This value represents a -31.58% decrease compared to the same quarter last year. The last two quarters WIN had negative earnings surprises; The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WIN is 18.51 vs. an industry ratio of -70.20, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry. The electric power utilities company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.45.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry. The electric power utilities company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.45.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2012 Price to Earnings ratio for DUK is 15.00 vs. an industry ratio of 13.40, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending September 30, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 15.77 vs. an industry ratio of 12.40, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year DUK has beat the expectations every quarter.
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11961.0
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2012-11-06 00:00:00 UTC
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Bulls come back to Advance Auto Parts
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AAP
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https://www.nasdaq.com/articles/bulls-come-back-advance-auto-parts-2012-11-06
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nan
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nan
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Advance Auto Parts started the month with a bang, and now the bulls are back.
optionMONSTER's Heat Seeker monitoring program detected the purchase of 3,000 December 85 calls for $1.65 and the sale of an equal number of December 90 calls for $0.55. Volume was more than quadruple open interest at both strikes.
The trade cost $1.10 and will earn a maximum profit of 355 percent if the auto-parts retailer closes at or above $90 on expiration. (See our Education section for more on the strategy, which is known as a bullish call spread because is leverages a move between two specific prices.)
AAP trading at $81.14 this morning, up 0.43 percent on the day and 19 percent in the last week. Most of that move occurred on Nov. 1 after a report that management had hired Blackstone Advisory to explore a potential sale of the company to private-equity buyers. Before that news, the stock had lagged following two weak earnings reports.
Overall option volume in AAP is more than 7 times greater than average so far today, according to the Heat Seeker. Calls outnumber puts by more than 1,000 to 1.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AAP trading at $81.14 this morning, up 0.43 percent on the day and 19 percent in the last week. Overall option volume in AAP is more than 7 times greater than average so far today, according to the Heat Seeker. The trade cost $1.10 and will earn a maximum profit of 355 percent if the auto-parts retailer closes at or above $90 on expiration.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. AAP trading at $81.14 this morning, up 0.43 percent on the day and 19 percent in the last week. Overall option volume in AAP is more than 7 times greater than average so far today, according to the Heat Seeker.
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AAP trading at $81.14 this morning, up 0.43 percent on the day and 19 percent in the last week. Overall option volume in AAP is more than 7 times greater than average so far today, according to the Heat Seeker. optionMONSTER's Heat Seeker monitoring program detected the purchase of 3,000 December 85 calls for $1.65 and the sale of an equal number of December 90 calls for $0.55.
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Overall option volume in AAP is more than 7 times greater than average so far today, according to the Heat Seeker. AAP trading at $81.14 this morning, up 0.43 percent on the day and 19 percent in the last week. Advance Auto Parts started the month with a bang, and now the bulls are back.
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11962.0
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2012-11-03 00:00:00 UTC
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Earnings Expectations for the Week of November 5
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AAP
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https://www.nasdaq.com/articles/earnings-expectations-week-november-5-2012-11-03
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nan
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nan
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The focus this week naturally will be on the presidential election and the aftermath of Hurricane Sandy. But on the earnings front, it is time for retailers to begin stepping into the spotlight. Here is a peak at what analysts expect to see from retailers for the period leading up to the holiday shopping season.
CVS Caremark (NYSE: CVS ). The consensus forecast calls this Rhode Island-based drug store operator to post third-quarter earnings of $0.84 per share, up from $0.70 EPS in the year-ago period. That consensus estimate is unchanged in the past 60 days. And analysts see revenue rising more than 12 percent year-over-year to $30.09 billion. Look for CVS's report Tuesday before the opening bell.
JCPenney (NYSE: JCP ). Analysts on average anticipate this beleaguered retailer will say Friday morning that it swung to a net loss of $0.05 per share in the third quarter, compared with a profit of $0.11 per share a year ago. Revenue is predicted to have fallen more than 17 percent to $3.29 billion. Note that the Texas-based department store operator posted larger-than-expected net losses in the previous two quarters.
Kohl's (NYSE: KSS ). The fourth largest U.S. department store operator by sales is expected to post $0.87 per share earnings and sales of $4.49 billion for the third quarter. That would be up from $0.80 per share and $4.38 billion in revenue in the same period of last year. Note that its EPS have not fallen short of consensus estimates in the past five quarters. Kohl's is scheduled to share its results Thursday morning.
Macy's (NYSE: M ). Analysts on average expect this Cincinnati-based department store operator to report Wednesday morning that its per-share earnings fell by about 10 percent to $0.29 and its revenue totaled $6.07 billion, which would be up about three percent from the third quarter of last year. Note that Macy's has exceeded consensus EPS estimates in the past eight quarters.
Nordstrom (NYSE: JWN ). Third-quarter earnings from this Seattle-based fashion retailer are expected to come to $0.72 per share, or about 18 percent higher year-over year. That EPS estimate is up from $0.70 in the past 90 days. Analysts are also looking for revenue to be more than 17 percent higher to $2.80 billion. Nordstrom is on tap to report Thursday after the closing bell.
Whole Foods Market (NASDAQ: WFM ). The consensus forecast for the fiscal fourth quarter calls for EPS growth of about 30 percent to $0.60 and sales up more than 23 percent to $2.91 billion. For the full year, analysts are looking for EPS growth of more than 23 percent to $2.52 on revenue that is more than 15 percent higher to $11.70 billion. Whole Foods reports Wednesday afternoon.
Also, specialty retailers Office Depot (NYSE: ODP ) and Office Max (NYSE: OMX ) are due to report results this week, and analysts anticipate their EPS will be about the same as a year ago. EPS from Advance Auto Parts (NYSE: AAP ) are expected to have declined year-over-year while sales were flat.
Look for quarterly results from Abercrombie & Fitch (NYSE: ANF ), Home Depot (NYSE: HD ), Target (NYSE: TGT ), Walmart (NYSE: WMT ) and more retailers the following week.
Other prominent earnings reports due this week include the following:
On Monday, analysts expect that EPS from Express Scripts (NASDAQ: ESRX ) and Time Warner Cable (NYSE: TWC ) will be more than 20 percent higher than a year ago.
DirecTV (NASDAQ: DTV ) and News Corp. (NASDAQ: NWSA ) report Tuesday, and they are expected to offer up double-digit percentage growth in EPS as well.
Mondelēz International (NASDAQ: MDLZ ) and Kraft Foods (NASDAQ: KRFT ) are on tap Wednesday, their first quarterly reports since the company was split up. Media companies CBS (NYSE: CBS ) and Time Warner (NYSE: TWX ) are expected to show year-over-year EPS growth, though revenue for the latter is predicted to have slipped. Brewer Molson Coors (NYSE: TAP ) is expected to report strong revenue growth.
On Thursday, look for earnings reports from Lions Gate Entertainment (NYSE: LGF ) and Walt Disney (NYSE: DIS ). The consensus forecasts call for the former to have swung to a profit from a year-ago loss, and for EPS and revenue growth for both the fiscal fourth quarter and the full year from the latter.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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EPS from Advance Auto Parts (NYSE: AAP ) are expected to have declined year-over-year while sales were flat. The consensus forecast calls this Rhode Island-based drug store operator to post third-quarter earnings of $0.84 per share, up from $0.70 EPS in the year-ago period. Other prominent earnings reports due this week include the following: On Monday, analysts expect that EPS from Express Scripts (NASDAQ: ESRX ) and Time Warner Cable (NYSE: TWC ) will be more than 20 percent higher than a year ago.
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EPS from Advance Auto Parts (NYSE: AAP ) are expected to have declined year-over-year while sales were flat. The fourth largest U.S. department store operator by sales is expected to post $0.87 per share earnings and sales of $4.49 billion for the third quarter. Also, specialty retailers Office Depot (NYSE: ODP ) and Office Max (NYSE: OMX ) are due to report results this week, and analysts anticipate their EPS will be about the same as a year ago.
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EPS from Advance Auto Parts (NYSE: AAP ) are expected to have declined year-over-year while sales were flat. Analysts on average expect this Cincinnati-based department store operator to report Wednesday morning that its per-share earnings fell by about 10 percent to $0.29 and its revenue totaled $6.07 billion, which would be up about three percent from the third quarter of last year. Look for quarterly results from Abercrombie & Fitch (NYSE: ANF ), Home Depot (NYSE: HD ), Target (NYSE: TGT ), Walmart (NYSE: WMT ) and more retailers the following week.
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EPS from Advance Auto Parts (NYSE: AAP ) are expected to have declined year-over-year while sales were flat. That would be up from $0.80 per share and $4.38 billion in revenue in the same period of last year. Analysts on average expect this Cincinnati-based department store operator to report Wednesday morning that its per-share earnings fell by about 10 percent to $0.29 and its revenue totaled $6.07 billion, which would be up about three percent from the third quarter of last year.
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11963.0
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2012-11-01 00:00:00 UTC
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Standard Motor Beats on Both Lines - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/standard-motor-beats-on-both-lines-analyst-blog-2012-11-01
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nan
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nan
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Standard Motor Product Inc. ( SMP ) reported a 23.7% rise in adjusted earnings per share to 73 cents in the third quarter of 2012 from 59 cents in the year-ago quarter, surpassing the Zacks Consensus Estimate by 9 cents. Profits went up 22.6% to $16.8 million from $13.7 million in the year-ago quarter.
Total revenue increased 16.8% to $276.0 million, beating the Zacks Consensus Estimate of $258.0 million. The year-over-year growth in revenues was attributable to the positive impact from the company's recent acquisitions and strong performance of the company's Temperature Control segment.
Gross profit improved 20.7% to $77.8 million or 28.2% of sales from $64.5 million or 27.3% in the third quarter of 2011. Cost of sales increased 15.4% to $198.2 million from $171.7 million a year ago. Selling, general and administrative expenses rose 22.2% to $50.9 million from $41.7 million in the year-ago quarter.
Operating income increased 17% to $26.7 million from $22.8 million in the third quarter of 2011. Operating margin was 9.7% versus 9.6% in the year-ago quarter.
Segment Results
Revenues from the Engine Management segment rose 6.4% to $175.8 million from $165.2 million in the year-ago quarter. The segment gross profit went up 17% to $51.3 million or 29.2% of sales from $43.8 million or 26.5% a year ago. Operating profit grew 15.1% to $21.4 million from $18.6 million in the corresponding quarter last year.
Revenues from the Temperature Control segment climbed 39.7% to $95.2 million. Gross profit improved 33.5% to $23.2 million or 24.3% of sales from $17.3 million or 25.4% in the prior-year quarter. Operating profits increased 16.3% to $9.1 million from $7.8 million.
Revenues from All Other segment shot up 71.5% to $4.9 million. Gross profit rose marginally by 1.7% to $3.4 million from $3.3 million. However, the company incurred an operating loss of $3.6 million, which is flat compared with the corresponding quarter of 2011.
Financial Position
Standard Motors had cash balance of $10.9 million as of September 30, 2012, which is in line with the same as of December 31, 2011. Long-term debt of the company was $222 thousand as of September 30, 2012, down from $299 thousand as of December 31, 2011.
In the third quarter of 2012, the company completed the acquisition of Compressor Works for $38.6 million, repurchased $5.0 million worth shares and paid $12.8 million of debt. The company had $60.5 million in total debt as of September 30, 2012.
The company will be paying a quarterly dividend of 9 cents per share on the outstanding common stock on December 3, 2012 to shareholders of record as of November 15, 2012.
Standard Motor, based in Long Island City, New York, was founded in 1919. The company is one of the leading manufacturers, distributors and marketers of automotive replacement parts in the U.S. Further, it enjoys strong brand recognition globally.
Standard Motor is optimistic about the recent acquisitions of BLD, Forecast Trading, and Compressor Works. The integration will generate savings by optimizing the product costs and operating expenses, mostly in 2013. However, the company's high dependence on Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) for its business may adversely affect the results of the company.
Currently, Standard Motor's retains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating and we have a long-term (more than 6 months) Neutral recommendation on the stock.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, the company's high dependence on Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) for its business may adversely affect the results of the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. The company will be paying a quarterly dividend of 9 cents per share on the outstanding common stock on December 3, 2012 to shareholders of record as of November 15, 2012.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. However, the company's high dependence on Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) for its business may adversely affect the results of the company. Gross profit improved 20.7% to $77.8 million or 28.2% of sales from $64.5 million or 27.3% in the third quarter of 2011.
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However, the company's high dependence on Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) for its business may adversely affect the results of the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Profits went up 22.6% to $16.8 million from $13.7 million in the year-ago quarter.
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However, the company's high dependence on Advance Auto Parts Inc. ( AAP ) and O'Reilly Automotive Inc. ( ORLY ) for its business may adversely affect the results of the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Profits went up 22.6% to $16.8 million from $13.7 million in the year-ago quarter.
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11964.0
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2012-10-31 00:00:00 UTC
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-10-31
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts, Inc. ( AAP )
American National BankShares Inc. ( AMNB )
Avid Technology, Inc. ( AVID )
BJ's Restaurants, Inc. ( BJRI )
Clean Harbors Inc. ( CLH )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AMER NATL BNKSH (AMNB): Free Stock Analysis Report
AVID TECH INC (AVID): Free Stock Analysis Report
BJ'S RESTAURANT (BJRI): Free Stock Analysis Report
CLEAN HARBORS (CLH): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American National BankShares Inc. ( AMNB ) Avid Technology, Inc. ( AVID ) BJ's Restaurants, Inc. ( BJRI ) Clean Harbors Inc. ( CLH ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American National BankShares Inc. ( AMNB ) Avid Technology, Inc. ( AVID ) BJ's Restaurants, Inc. ( BJRI ) Clean Harbors Inc. ( CLH ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American National BankShares Inc. ( AMNB ) Avid Technology, Inc. ( AVID ) BJ's Restaurants, Inc. ( BJRI ) Clean Harbors Inc. ( CLH ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts, Inc. ( AAP ) American National BankShares Inc. ( AMNB ) Avid Technology, Inc. ( AVID ) BJ's Restaurants, Inc. ( BJRI ) Clean Harbors Inc. ( CLH ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AMER NATL BNKSH (AMNB): Free Stock Analysis Report AVID TECH INC (AVID): Free Stock Analysis Report BJ'S RESTAURANT (BJRI): Free Stock Analysis Report CLEAN HARBORS (CLH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11965.0
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2012-10-22 00:00:00 UTC
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Advance Auto Parts Issues Q3 Warning on Earnings (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-issues-q3-warning-earnings-aap-2012-10-22
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nan
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nan
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Automotive part retailer, Advance Auto Parts, Inc.( AAP ) has issued a warning on third quarter earnings Monday.
The company reported third quarter shares are expected to fall below previously predicted earnings. AAP announced that EPS is expected to be $1.21, compared to last years EPS of $1.41. The Street estimates earnings of $1.35.
A decline of 0.5% in total sales for the quarter caused the drop in EPS. Revenue is expected to be $1.46 billion, compared with The Street's estimate of $1.47 billion.
The decrease in sales was partially offset by the addition of 82 new stores in the past year. However, higher spending in promotions and in store labor hurt the company in total profit. The company has lowered its 2012 outlook due to a decline in consumer spending.
Advance Auto Parts shares were mostly flat during premarket trading Monday
The Bottom Line
Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $68.43. The stock has technical support in the $62-$65 price area. If the shares can firm up, we see overhead resistance around the $70-$74 price levels.
Advance Auto Parts, Inc.( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts shares were mostly flat during premarket trading Monday The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $68.43. Advance Auto Parts, Inc.( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Automotive part retailer, Advance Auto Parts, Inc.( AAP ) has issued a warning on third quarter earnings Monday.
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Automotive part retailer, Advance Auto Parts, Inc.( AAP ) has issued a warning on third quarter earnings Monday. Advance Auto Parts shares were mostly flat during premarket trading Monday The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $68.43. AAP announced that EPS is expected to be $1.21, compared to last years EPS of $1.41.
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Automotive part retailer, Advance Auto Parts, Inc.( AAP ) has issued a warning on third quarter earnings Monday. Advance Auto Parts shares were mostly flat during premarket trading Monday The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $68.43. AAP announced that EPS is expected to be $1.21, compared to last years EPS of $1.41.
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Automotive part retailer, Advance Auto Parts, Inc.( AAP ) has issued a warning on third quarter earnings Monday. Advance Auto Parts shares were mostly flat during premarket trading Monday The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $68.43. AAP announced that EPS is expected to be $1.21, compared to last years EPS of $1.41.
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11966.0
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2012-10-22 00:00:00 UTC
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Market Wrap-Up for Oct.22 (BTU, AAPL, CAT, VFC, AAP, more)
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AAP
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https://www.nasdaq.com/articles/market-wrap-oct22-btu-aapl-cat-vfc-aap-more-2012-10-22
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nan
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nan
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The market was able to salvage a bit of gains for the indices as a last hour push higher turned the averages green by the close. It is yet another heavy week of earnings on the schedule for investment professionals and investors alike.
We had a handful of earnings-related plays moving throughout the session. On the upside, Peabody Energy ( BTU ) and Caterpillar ( CAT ) bounced higher following recent sell-offs for both names. Meanwhile, Advance Auto Parts ( AAP ) shares got hit hard as the car parts retailer warned about its profit picture for the rest of 2012. V.F. Corporation ( VFC ) was also seeing some profit-taking, despite solid numbers and a generous hike in its dividend payout. Apple ( AAPL ) shares had a big day following analysts lifting earnings estimates ahead of Thursday afternoon's report.
Elsewhere, Wall Street analyst calls are moving some shares. Eaton Corp ( ETN ) is moving up on positive analyst commentary, while shares of residential REIT giant Equity Residential ( EQR ) are seeing red on a rare "Sell" call.
Yankee Fan Syndrome (Many Have it)
If you were watching Major League Baseball's playoff action last week, you probably saw the New York Yankees get swept in a four-game series against the Detroit Tigers. It was a bit surprising to see a team with the highest payroll in all of baseball (Yankees) go down with very little fight. Not just that, but there was controversy surrounding the immortal (as some baseball watchers like to term him) Alex Rodriguez and his in-game distractions. Aapparently A-Rod (as he's known) was paying more attention to a couple of attractive female fans in the first row than to the game itself. Of course, his behavior did not sit well with die-hard Yankee fans who are now hoping the team finds Mr. Rodriguez a new home this winter.
Another interesting development to note was the multitude of empty seats in Yankee Stadium during the club's first two home games in the playoffs. Listening to sports talk radio, show hosts and callers offered several reasons why so little fans packed the stadium. Factors cited included expensive tickets (that has never stopped the biggest fans from attending before), a tough economy (certainly a viable reason but we have not seen this occur in many of the other teams who have made the playoffs), and finally, the fact that Yankee fans have been spoiled, with the club making the playoffs just about every year for the last couple of decades (now I think we're getting closer to the real reason).
I have often pointed out that years of continued success have significant effects on people. In sports, it is almost impossible to repeat as champions, coming off the high of winning and having to go back to square one to do it all over again. Many don't have the hunger or desire to put the same original effort it took to win it the first time. With regard to Yankee fans, it's pretty likely some decided to wait till the World Series to actually attend the game. Many probably assumed the Yankees would make it to the championship. After all, they were superb during the regular season, and the experts expected the World Series was a likelihood for the Yankee franchise once again. Complacency kicks in for many tied to the organization (management, players, fans, media, etc.) and next thing you know, they are watching other players/teams playing for the title.
This sort of complacency is everywhere I turn (half-emtpy churches on Sundays is quite the norm these days; kids with the highest end tech gadgets before they are in even middle school; a potential terrorist hit last week targeting the Federal Reserve, and within 24 hours the story is at the bottom of most major media news outlets - wasn't a successful hit so "no biggie" I guess, etc.). The jobs situation is abysmal and yet all the news outlets focus instead on home sales and retail numbers, patting the consumer on his back for being "resilient."
It's not that spending money should be considered evil, but the action of spending must make sense for the individual. Spending should not be yet another financial weight that will hold one back from using money in a better way. Saving and investing is so much more important than feeding into the media's message to keep the economy racing forward. Your responsibility is to yourself and your family to put them in the best financial situation possible, and then from there decide what makes sense from a financial spending standpoint. The chance to get loaded with debt is everywhere you turn, but with a good sense of discipline you can avoid the complacent justification of being broke like most everyone else is.
We all have the opportunity to lead by example and set the tone for how our families push forward financially. These examples will lead to smarter generations to come. Just don't catch the complacency syndrome.
I hope everyone had a chance to check out our Dividend.com Premium members-only weekend articles , including new features that highlight some of the biggest winners and losers from the week that was, such as analyst upgrades/downgrades and earnings/story stocks. These articles are a great way to catch up on the week that was in the markets. We also have a rundown of how various Dividend ETFs performed on the week.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Meanwhile, Advance Auto Parts ( AAP ) shares got hit hard as the car parts retailer warned about its profit picture for the rest of 2012. Apple ( AAPL ) shares had a big day following analysts lifting earnings estimates ahead of Thursday afternoon's report. Aapparently A-Rod (as he's known) was paying more attention to a couple of attractive female fans in the first row than to the game itself.
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Meanwhile, Advance Auto Parts ( AAP ) shares got hit hard as the car parts retailer warned about its profit picture for the rest of 2012. Apple ( AAPL ) shares had a big day following analysts lifting earnings estimates ahead of Thursday afternoon's report. Aapparently A-Rod (as he's known) was paying more attention to a couple of attractive female fans in the first row than to the game itself.
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Meanwhile, Advance Auto Parts ( AAP ) shares got hit hard as the car parts retailer warned about its profit picture for the rest of 2012. Apple ( AAPL ) shares had a big day following analysts lifting earnings estimates ahead of Thursday afternoon's report. Aapparently A-Rod (as he's known) was paying more attention to a couple of attractive female fans in the first row than to the game itself.
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Meanwhile, Advance Auto Parts ( AAP ) shares got hit hard as the car parts retailer warned about its profit picture for the rest of 2012. Apple ( AAPL ) shares had a big day following analysts lifting earnings estimates ahead of Thursday afternoon's report. Aapparently A-Rod (as he's known) was paying more attention to a couple of attractive female fans in the first row than to the game itself.
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11967.0
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2012-10-18 00:00:00 UTC
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Genuine Parts Misses by a Penny - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/genuine-parts-misses-by-a-penny-analyst-blog-2012-10-18
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nan
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nan
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Genuine Parts Company ( GPC ) reported a 14.4% rise in earnings per share to $1.11 in the third quarter of the year from 97 cents in the same quarter of 2011. However, it lagged the Zacks Consensus Estimate by a penny. Total profit grew 13.9% to $172.9 million from $151.8 million a year ago.
Revenues in the quarter inched up 2.7% (4.0% based on comparable store sales) to $3.4 billion, missing the Zacks Consensus Estimate of $3.5 billion. Operating profit also grew 0.4% or $3.1 million to $704.5 million from $701.4 million a year ago, driven by a 0.2% or $1.1 million fall in selling, general and administrative expenses to $678.9 million during the quarter.
Revenues in the Automotive Group rose 2.5% (4.0% based on comparable store sales) to $1.7 billion, while operating profits went up 6.7% to $150.6 million. Revenues in the Industrial Group or Motion Industries escalated 4.5% (6.0% based on comparable store sales) to $1.1 billion. However, operating profits in the segment dipped 2.6% to $94.6 million.
Revenues in the Electrical Group or EIS increased 5.3% (7.0% based on comparable store sales) to $150.9 million during the quarter while operating profits grew impressively by 21.7% to $13.6 million.
The company's Office Products Group or S. P. Richards continues to face challenging conditions. Revenues in the segment slipped 0.7% (1.0% based on comparable store sales) to $444.3 million. However, operating profits rose 10.1% to $29.9 million during the quarter.
Genuine Parts had cash and cash equivalents of $398.1 million as of September 30, 2012, down from $534.8 million as of September 30, 2011. Long-term debt remained unchanged at $500 million as of September 30, 2012 compared with the same as of September 30, 2011.
During the first nine months of 2012, Genuine Parts' net cash flow from operations improved significantly by 53.8% to $764.8 million from $497.4 million in the prior-year quarter, due to higher profits and favorable changes in operating assets and liabilities. Meanwhile, capital expenditures increased to $71.6 million from $63.9 million in the corresponding period of 2011.
Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top-line and bottom-line growth.
Its major competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Standard Motor Products Inc. ( SMP ). Currently, the company retains a Zacks #4 Rank on its stock, which translates to a Sell rating for the short term (1-3 months).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
STANDARD MOTOR (SMP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its major competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Standard Motor Products Inc. ( SMP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Revenues in the Automotive Group rose 2.5% (4.0% based on comparable store sales) to $1.7 billion, while operating profits went up 6.7% to $150.6 million.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Standard Motor Products Inc. ( SMP ). Revenues in the quarter inched up 2.7% (4.0% based on comparable store sales) to $3.4 billion, missing the Zacks Consensus Estimate of $3.5 billion.
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Its major competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Standard Motor Products Inc. ( SMP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Operating profit also grew 0.4% or $3.1 million to $704.5 million from $701.4 million a year ago, driven by a 0.2% or $1.1 million fall in selling, general and administrative expenses to $678.9 million during the quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report STANDARD MOTOR (SMP): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Standard Motor Products Inc. ( SMP ). Genuine Parts Company ( GPC ) reported a 14.4% rise in earnings per share to $1.11 in the third quarter of the year from 97 cents in the same quarter of 2011.
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11968.0
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2012-10-17 00:00:00 UTC
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Earnings Preview: Genuine Parts - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/earnings-preview%3A-genuine-parts-analyst-blog-2012-10-17
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nan
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nan
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Genuine Parts Company ( GPC ) is set to release its third quarter 2012 results before the market opens on October 18. The automotive replacement parts distributor posted a profit of $1.08 per share in the second quarter of 2012, in line with the Zacks Consensus Estimate. For the upcoming quarter, the Zacks Consensus Estimate for the company is $1.12 per share, reflecting an annualized estimated growth of 15.5%.
With respect to earnings surprise, the company has outperformed the Zacks Consensus Estimate in three of the trailing four quarters and met the same in the other. It has delivered an average earnings surprise of 4.6%, implying that it has beaten the Zacks Consensus Estimate by the same magnitude.
The Zacks Consensus Estimates for full-year 2012 is $4.06, implying an estimated year-over-year growth of 13.4%. The upside potential of the third quarter and full year estimates, essentially a proxy for future earnings surprises, would be about -0.89% and -0.25%, respectively.
Second Quarter Review
Genuine Parts reported an 11.1% rise in profits to $168.6 million in the quarter from $151.8 million in the year-ago quarter. Earnings per share increased 12.5% to $1.08 from 96 cents in the comparable quarter of 2011 and were in line with the Zacks Consensus Estimate.
Revenues in the quarter grew 4.8% to $3.3 billion, slightly lower than the Zacks Consensus Estimate of $3.4 billion. Operating profit also increased 4.5% to $705.0 million from $674.6 million a year ago, despite a 4% rise in selling, general and administrative expenses to $680.2 million during the quarter.
Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top-line and bottom-line growth.
Estimate Revisions Trend
Estimates for the third quarter have remained almost stable over the past 60 days.
Agreement of Estimate Revisions
Over the last 30 days, none of the six analysts covering the stock have revised the estimates upward while one analyst moved it downward. Over the last 7 days, none of the analysts revised the estimates for the quarter, implying the lack of near-term catalysts for the stock. Estimates for 2012 depict the same trend..
Magnitude of Estimate Revisions
Following the second quarter earnings release, estimates for the third quarter and full year have decreased by a penny to $1.12 and $4.06, respectively.
Our Take
Based in Atlanta, Georgia Genuine Parts distributes automotive and industrial replacement parts, office products and electrical/electronic materials in the U.S., Canada and Mexico. Its major competitors include Advance Auto Parts ( AAP ) and AutoZone Inc. ( AZO ).
Genuine Parts is likely to see higher sales and earnings due to its product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top-line and bottom-line growth. In addition, rising demand in the Automotive Parts segment due to increase in average age of vehicles on the road to almost 11 years will enhance the company's profitability.
Currently, Genuine Parts retains a Zacks #4 Rank, which translates into a short-term (1 to 3 months) Sell rating and we have a long-term (more than 6 months) Neutral recommendation on the stock.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its major competitors include Advance Auto Parts ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts ( AAP ) and AutoZone Inc. ( AZO ). Magnitude of Estimate Revisions Following the second quarter earnings release, estimates for the third quarter and full year have decreased by a penny to $1.12 and $4.06, respectively.
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Its major competitors include Advance Auto Parts ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. For the upcoming quarter, the Zacks Consensus Estimate for the company is $1.12 per share, reflecting an annualized estimated growth of 15.5%.
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Its major competitors include Advance Auto Parts ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report To read this article on Zacks.com click here. The automotive replacement parts distributor posted a profit of $1.08 per share in the second quarter of 2012, in line with the Zacks Consensus Estimate.
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11969.0
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2012-10-09 00:00:00 UTC
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Zacks #5 Rank Additions for Tuesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-tuesday-tale-of-the-tape-2012-10-09
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Advance Auto Parts ( AAP )
Allegheny Technologies ( ATI )
Autodesk, Inc. ( ADSK )
Bancolombia S.A. (ADR) ( CIB )
Canon Inc. (ADR) ( CAJ )
View the entire Zacks #5 Rank List .
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTODESK INC (ADSK): Free Stock Analysis Report
ALLEGHENY TECH (ATI): Free Stock Analysis Report
CANON INC ADR (CAJ): Free Stock Analysis Report
BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts ( AAP ) Allegheny Technologies ( ATI ) Autodesk, Inc. ( ADSK ) Bancolombia S.A. (ADR) ( CIB ) Canon Inc. (ADR) ( CAJ ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTODESK INC (ADSK): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts ( AAP ) Allegheny Technologies ( ATI ) Autodesk, Inc. ( ADSK ) Bancolombia S.A. (ADR) ( CIB ) Canon Inc. (ADR) ( CAJ ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTODESK INC (ADSK): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts ( AAP ) Allegheny Technologies ( ATI ) Autodesk, Inc. ( ADSK ) Bancolombia S.A. (ADR) ( CIB ) Canon Inc. (ADR) ( CAJ ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTODESK INC (ADSK): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Advance Auto Parts ( AAP ) Allegheny Technologies ( ATI ) Autodesk, Inc. ( ADSK ) Bancolombia S.A. (ADR) ( CIB ) Canon Inc. (ADR) ( CAJ ) View the entire Zacks #5 Rank List . ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTODESK INC (ADSK): Free Stock Analysis Report ALLEGHENY TECH (ATI): Free Stock Analysis Report CANON INC ADR (CAJ): Free Stock Analysis Report BANCOLOMBIA-ADR (CIB): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11970.0
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2012-10-03 00:00:00 UTC
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Zacks #5 Rank Additions for Wednesday - Tale of the Tape
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AAP
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https://www.nasdaq.com/articles/zacks-5-rank-additions-for-wednesday-tale-of-the-tape-2012-10-03
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nan
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nan
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today:
Active Network Inc. ( ACTV )
Advance Auto Parts, Inc. ( AAP )
Agilent Technologies Inc. ( A )
Alere Inc. ( ALR )
Allison Transmission Holdings Inc. ( ALSN )
View the entire Zacks #5 Rank List .
AGILENT TECH (A): Free Stock Analysis Report
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
ACTIVE NETWORK (ACTV): Free Stock Analysis Report
ALERE INC (ALR): Free Stock Analysis Report
ALLISON TRANSMN (ALSN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Active Network Inc. ( ACTV ) Advance Auto Parts, Inc. ( AAP ) Agilent Technologies Inc. ( A ) Alere Inc. ( ALR ) Allison Transmission Holdings Inc. ( ALSN ) View the entire Zacks #5 Rank List . AGILENT TECH (A): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACTIVE NETWORK (ACTV): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Active Network Inc. ( ACTV ) Advance Auto Parts, Inc. ( AAP ) Agilent Technologies Inc. ( A ) Alere Inc. ( ALR ) Allison Transmission Holdings Inc. ( ALSN ) View the entire Zacks #5 Rank List . AGILENT TECH (A): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACTIVE NETWORK (ACTV): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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AGILENT TECH (A): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACTIVE NETWORK (ACTV): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Active Network Inc. ( ACTV ) Advance Auto Parts, Inc. ( AAP ) Agilent Technologies Inc. ( A ) Alere Inc. ( ALR ) Allison Transmission Holdings Inc. ( ALSN ) View the entire Zacks #5 Rank List . Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here are 5 stocks added to the Zacks #5 Rank ("strong sell") List today: Active Network Inc. ( ACTV ) Advance Auto Parts, Inc. ( AAP ) Agilent Technologies Inc. ( A ) Alere Inc. ( ALR ) Allison Transmission Holdings Inc. ( ALSN ) View the entire Zacks #5 Rank List . AGILENT TECH (A): Free Stock Analysis Report ADVANCE AUTO PT (AAP): Free Stock Analysis Report ACTIVE NETWORK (ACTV): Free Stock Analysis Report ALERE INC (ALR): Free Stock Analysis Report ALLISON TRANSMN (ALSN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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11971.0
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2012-10-02 00:00:00 UTC
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Agree Leases Assets, Closes Sale - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/agree-leases-assets-closes-sale-analyst-blog-2012-10-02
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nan
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nan
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Agree Realty Corporation (ADC) , a real estate investment trust (REIT), recently announced the signing of two lease agreements and completion of sale of an asset. The company's strategic move is expected to enhance and diversify its portfolio of industry leading retailers, which in turn could be accretive to its earnings going forward.
The company has inked a deal with HomeGoods, an operational arm of The TJX Companies, Inc. (TJX) , to lease a single-tenant property located in Monroeville, Pennsylvania. The deal marked the first lease agreement between Agree Realty and TJX. In addition to this, Agree Realty also entered into an agreement with the City of Lawrence to lease another single-tenant property located in Lawrence, Kansas.
Rent generation from both the properties is expected to begin one at a time, in the third quarter of 2013 and fourth quarter of 2012, respectively. Both the leased properties were previously occupied by Borders Books & Music - a subsidiary of Borders Inc.
Agree Realty mainly focuses on potential ground lease and built-to-suit opportunities for retailers under long-term net leases, thereby providing them with a consistent source of income. The company boasts a strong tenant base including retailers like - Walgreen Co. (WAG) , Advance Auto Parts Inc. (AAP) and Kmart.
Agree Realty has undertaken to actively re-lease and divest the 14 properties which were previously occupied by Borders Inc. and its subsidiaries, bankrupted in 2011. In addition to the twin lease deals, Agree Realty also announced that it has closed the sale of its remaining property leased to Borders. The single tenant property spanning 21,000 square foot and situated in Ohio, was sold for approximately $1.7 million. With the completion of the re-tenanting of two properties and sale of the assets, the company's overall portfolio occupancy has now increased to 99%.
The company is dynamically fulfilling its strategic goal of repositioning its portfolio. It has divested assets that have limited opportunities and is acquiring properties which have the potential to generate higher returns. Of late, Agree Realty acquired three premium assets - a Family Dollar store in Spartanburg, South Carolina; a USAA Financial Services Center in Jacksonville, North Carolina; and an AutoZone store in Springfield, Illinois, for a combined purchase price of approximately $5.3 million. Currently, the company's portfolio comprises of 96 properties situated across 25 states and spanning approximately 3.1 million square feet.
Agree Realty is expected to release its third quarter 2012 earnings on October 22, 2012. The Zacks Consensus Estimate for third quarter FFO (fund from operations) is currently pegged at 50 cents per share.
We have a long-term Neutral recommendation on the stock. However, it holds a short-term Zacks #4 Rank (Sell).
Note: FFO, a widely accepted and reported measure of the performance of REITs is derived by adding depreciation, amortization and other non-cash expenses to net income.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AGREE RLTY CORP (ADC): Free Stock Analysis Report
TJX COS INC NEW (TJX): Free Stock Analysis Report
WALGREEN CO (WAG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The company boasts a strong tenant base including retailers like - Walgreen Co. (WAG) , Advance Auto Parts Inc. (AAP) and Kmart. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report To read this article on Zacks.com click here. Agree Realty Corporation (ADC) , a real estate investment trust (REIT), recently announced the signing of two lease agreements and completion of sale of an asset.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report To read this article on Zacks.com click here. The company boasts a strong tenant base including retailers like - Walgreen Co. (WAG) , Advance Auto Parts Inc. (AAP) and Kmart. Both the leased properties were previously occupied by Borders Books & Music - a subsidiary of Borders Inc. Agree Realty mainly focuses on potential ground lease and built-to-suit opportunities for retailers under long-term net leases, thereby providing them with a consistent source of income.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report To read this article on Zacks.com click here. The company boasts a strong tenant base including retailers like - Walgreen Co. (WAG) , Advance Auto Parts Inc. (AAP) and Kmart. Both the leased properties were previously occupied by Borders Books & Music - a subsidiary of Borders Inc. Agree Realty mainly focuses on potential ground lease and built-to-suit opportunities for retailers under long-term net leases, thereby providing them with a consistent source of income.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AGREE RLTY CORP (ADC): Free Stock Analysis Report TJX COS INC NEW (TJX): Free Stock Analysis Report WALGREEN CO (WAG): Free Stock Analysis Report To read this article on Zacks.com click here. The company boasts a strong tenant base including retailers like - Walgreen Co. (WAG) , Advance Auto Parts Inc. (AAP) and Kmart. Rent generation from both the properties is expected to begin one at a time, in the third quarter of 2013 and fourth quarter of 2012, respectively.
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11972.0
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2012-09-19 00:00:00 UTC
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AutoZone Needs a Tune Up
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AAP
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https://www.nasdaq.com/articles/autozone-needs-tune-2012-09-19
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nan
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nan
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At one point, Autozone (NYSE: AZO ) was widely regarded as the leader in the group, but that's not the case anymore. Earlier today, the company reported fiscal fourth-quarter profit of $8.46 a share, up 18 percent from a year ago. Sales rose 5 percent to $2.8 billion. The Thomson/Reuters estimate was for profit of $8.41 a share on sales of $2.8 billion.
Same-store sales in the quarter rose a disappointing 2.1 percent, down from 4.5 percent growth in the year-ago quarter. CEO Bill Rhodes said: "While our same-store sales performance was below our expectations for the quarter, we are confident we are well positioned to again deliver strong results for our new fiscal year."
The company opened 72 new stores in the quarter, including 24 stores in Mexico. As of August 25, the company had 4,685 stores in 49 states and 321 stores in Mexico.
From a technical perspective, Autozone's chart is an example of what slack buying demand looks like. There's been a lack of interest in this stock since it started to consolidate gains in early May. After a lengthy run that saw the stock gain 128 percent from March 2009 through 2011, it was definitely looking tired ahead of today's earnings report. It's made a series of lower highs and has repeatedly met with resistance (selling pressure) at its 10-week moving average. Recent price and volume trends say it's not likely Autozone will resume a leadership role anytime soon.
The bulls will argue that a lot of bad news has been priced in already and it's only a matter of time before names like Autozone, Advance Auto Parts (NYSE: AAP ), O'Reilly Automotive (NASDAQ: ORLY ) and Monroe Muffler Brake (NYSE: MRO ) start to rally again. It's possible, but what's clear right now is that all four stocks have suffered much technical damage in recent months due to repeated bouts of institutional selling. Their charts will improve when institutional investors like mutual funds start buying again, but it's not clear it'll happen anytime soon. Technical damage like this usually takes a while to recover from.
Stock chart: (c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The bulls will argue that a lot of bad news has been priced in already and it's only a matter of time before names like Autozone, Advance Auto Parts (NYSE: AAP ), O'Reilly Automotive (NASDAQ: ORLY ) and Monroe Muffler Brake (NYSE: MRO ) start to rally again. CEO Bill Rhodes said: "While our same-store sales performance was below our expectations for the quarter, we are confident we are well positioned to again deliver strong results for our new fiscal year." It's possible, but what's clear right now is that all four stocks have suffered much technical damage in recent months due to repeated bouts of institutional selling.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The bulls will argue that a lot of bad news has been priced in already and it's only a matter of time before names like Autozone, Advance Auto Parts (NYSE: AAP ), O'Reilly Automotive (NASDAQ: ORLY ) and Monroe Muffler Brake (NYSE: MRO ) start to rally again. Earlier today, the company reported fiscal fourth-quarter profit of $8.46 a share, up 18 percent from a year ago.
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The bulls will argue that a lot of bad news has been priced in already and it's only a matter of time before names like Autozone, Advance Auto Parts (NYSE: AAP ), O'Reilly Automotive (NASDAQ: ORLY ) and Monroe Muffler Brake (NYSE: MRO ) start to rally again. Same-store sales in the quarter rose a disappointing 2.1 percent, down from 4.5 percent growth in the year-ago quarter. It's possible, but what's clear right now is that all four stocks have suffered much technical damage in recent months due to repeated bouts of institutional selling.
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The bulls will argue that a lot of bad news has been priced in already and it's only a matter of time before names like Autozone, Advance Auto Parts (NYSE: AAP ), O'Reilly Automotive (NASDAQ: ORLY ) and Monroe Muffler Brake (NYSE: MRO ) start to rally again. Same-store sales in the quarter rose a disappointing 2.1 percent, down from 4.5 percent growth in the year-ago quarter. It's possible, but what's clear right now is that all four stocks have suffered much technical damage in recent months due to repeated bouts of institutional selling.
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11973.0
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2012-09-18 00:00:00 UTC
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Tenneco Stays at Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/tenneco-stays-at-neutral-analyst-blog-2012-09-18
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nan
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nan
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We are reiterating our Neutral recommendation on Tenneco Inc. ( TEN ). The leading maker of emission control and ride control systems benefits from tighter emission regulations and rising commercial vehicle business. However, the company remains exposed to customer concentration risks.
Tenneco, in the second quarter of 2012, registered a 40% increase in profit (excluding special items) to $70 million or $1.14 per share from $50 million or 81 cents in the comparable quarter last year. The results also breezed past the Zacks Consensus Estimate by 17 cents.
Total revenue increased marginally to $1.92 billion, but failed to match the Zacks Consensus Estimate of $2.04 billion. The year-over-year growth was attributable to a rise in production of light vehicles in North America and China along with higher commercial vehicle revenues around the world.
The company performed well with its top-selling light trucks in North America and top-selling passenger cars overseas. It further expects to benefit from the launch of multiple programs with 13 different commercial vehicle customers including truck and engine manufacturers to help customers comply with the new emission regulations for on and off-road commercial vehicles. The customers include Caterpillar Inc. ( CAT ), Navistar International Corporation ( NAV ) and Daimler AG ( DDAIF ).
New emission standards will have a positive impact on the company's Emission Control segment. The new emission regulations will likely boost original equipments (OE) revenues by 18% to 20% through 2014. In addition, the company expects revenues to benefit significantly from strong growth in North American vehicle production.
However, Tenneco remains under pressure from forced pricing concessions by automotive retailers like AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). In addition, customer concentration from the company's top 10 aftermarket customers involving General Motors Company ( GM ) and Ford Motor Co. ( F ), poses a threat to the company, as they constitute 50% of total aftermarket sales.
Softness in demand for aftermarket parts compared to OE is also challenging for the company. The replacement cycles of the aftermarket products are longer owing to the improved quality of OE parts and higher average useful life of automotive parts.
Our Neutral recommendation on the stock is backed by a Zacks#3 Rank, which translates into a short-term (1 to 3 months) Hold rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
CATERPILLAR INC (CAT): Free Stock Analysis Report
DAIMLER AG (DDAIF): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
NAVISTAR INTL (NAV): Free Stock Analysis Report
TENNECO INC (TEN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, Tenneco remains under pressure from forced pricing concessions by automotive retailers like AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. In addition, the company expects revenues to benefit significantly from strong growth in North American vehicle production.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. However, Tenneco remains under pressure from forced pricing concessions by automotive retailers like AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). The customers include Caterpillar Inc. ( CAT ), Navistar International Corporation ( NAV ) and Daimler AG ( DDAIF ).
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. However, Tenneco remains under pressure from forced pricing concessions by automotive retailers like AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). It further expects to benefit from the launch of multiple programs with 13 different commercial vehicle customers including truck and engine manufacturers to help customers comply with the new emission regulations for on and off-road commercial vehicles.
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However, Tenneco remains under pressure from forced pricing concessions by automotive retailers like AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report CATERPILLAR INC (CAT): Free Stock Analysis Report DAIMLER AG (DDAIF): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report NAVISTAR INTL (NAV): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. The year-over-year growth was attributable to a rise in production of light vehicles in North America and China along with higher commercial vehicle revenues around the world.
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11974.0
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2012-09-11 00:00:00 UTC
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Google Testing New Eyewear - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/google-testing-new-eyewear-analyst-blog-2012-09-11
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nan
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nan
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Internet search giant Google Inc. ( GOOG ) recently announced that it is testing new eyewear in its research lab, which will be released worldwide in the second half of next year.
The eyewear is unique as it has a tiny camera embedded in it. The camera helps to deploy the "heads-up display" through which data can be projected into the users' vision. The display is located above the right hand side of the glass and features an inbuilt camera.
The idea behind this new Internet enabled eyewear is much like a wearable smartphone, which will allow the user to receive calls, take pictures, send messages, record a video, use Google Maps and perform other functions via voice-activated commands. In addition, another interesting feature called time-lapse capability helps to take photographs every 10 seconds and one does not need to take out the phone while clicking the snapshots.
The eyewear will be able to perform most of the functions of a smartphone or a computer. Thus, Google will offer consumers a hands-free experience.
However, given the hefty pre-order price of $1500, Google will have to devise a plan for adoption (either price reduction or a subsidy of some sort, or collaboration with a fashion brand to sell it as a fashion item). The sales strategy remains unclear as of now and the initial product will likely be taken by geeks alone.
According to experts, wearable computers or smartphone devices are the next step in mobile electronics. The tech companies are also blending the fashion quotient to market their new unique devices. The success of these wearable computers depends on the fashionable accessibility of such devices.
A number of tech companies are exploring the segment. Sony ( SNE ) for one has come up with a smartwatch that one can wear on their wrist to check emails and access music stores in addition to checking time. Apple Inc. ( AAP L) is also developing a wearable computer.
Google is known for its research and development focus, which empowers it to launch new and innovative products. In the present case, 'Google Glass', as the eyewear is being called is still in development Therefore, customer adoption remains unclear.
In the second quarter, Google's gross revenue touched a record $12.21 billion. Revenues from both Google-owned and partner sites continued to grow in double digits on a year-over-year basis.
Google retains a Zacks #3 Rank, which translates into a short-term Hold rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
GOOGLE INC-CL A (GOOG): Free Stock Analysis Report
SONY CORP ADR (SNE): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Apple Inc. ( AAP L) is also developing a wearable computer. ADVANCE AUTO PT (AAP): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Internet search giant Google Inc. ( GOOG ) recently announced that it is testing new eyewear in its research lab, which will be released worldwide in the second half of next year.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Apple Inc. ( AAP L) is also developing a wearable computer. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. Apple Inc. ( AAP L) is also developing a wearable computer. The idea behind this new Internet enabled eyewear is much like a wearable smartphone, which will allow the user to receive calls, take pictures, send messages, record a video, use Google Maps and perform other functions via voice-activated commands.
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Apple Inc. ( AAP L) is also developing a wearable computer. ADVANCE AUTO PT (AAP): Free Stock Analysis Report GOOGLE INC-CL A (GOOG): Free Stock Analysis Report SONY CORP ADR (SNE): Free Stock Analysis Report To read this article on Zacks.com click here. The eyewear will be able to perform most of the functions of a smartphone or a computer.
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11975.0
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2012-09-06 00:00:00 UTC
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Advance Auto Cut to Underperform - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-cut-to-underperform-analyst-blog-2012-09-06
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nan
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nan
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We have downgraded our long-term recommendation on Advance Auto Parts Inc. ( AAP ) to Underperform. The leading automotive parts and accessories retailer is facing challenges from the sluggish economy and volatile gasoline pricing.
Advance Auto Parts, in the second quarter of 2012, registered an 8.2% decline in earnings per share to $1.34 from $1.46 in the corresponding quarter a year ago. The results missed the Zacks Consensus Estimate by 6 cents. Profit decreased 12% to $99.6 million from $113.1 million in the corresponding quarter last year.
Total revenues went down 1.3% year over year to $1.46 billion in the quarter, missing the Zacks Consensus Estimate of $1.48 billion. The decline was attributable to a 2.7% drop in store sales offsetting the favorable impact of the addition of 65 new stores during the past 12 months.
The softness in the economy coupled with volatile gasoline prices are putting pressure on the company's performance. Weak economy and uncertainty in the market are leading to a decline in consumer spending on replacement parts. In addition, fluctuating gasoline prices are adversely affecting the miles driven, thus reducing vehicle parts sales.
Advance Auto Parts faces tough competition from other national and regional automotive retailers including AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ), Pep Boys and CSK Auto Corporation. Moreover, complexity of vehicles makes it difficult for customers to perform DIY maintenance activities. This will adversely affect the DIY industry expansion, thus hindering the company's expansion.
Meanwhile, the company has adopted numerous operational strategies which will improve sales and productivity of its existing business. The initiatives include development of merchandising programs, store remodeling programs and nationwide advertising, which will establish its brand value along with a focus on the commercial customer base.
The company has also undertaken an aggressive store expansion strategy. It has projected the launch of 120-140 stores during 2012 including 110-120 Advance Auto Parts stores and 10-20 Autopart International stores.
Our recommendation on the stock is backed by a Zacks #4 Rank, which translates into a short-term (1 to 3 months) Sell rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We have downgraded our long-term recommendation on Advance Auto Parts Inc. ( AAP ) to Underperform. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The leading automotive parts and accessories retailer is facing challenges from the sluggish economy and volatile gasoline pricing.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. We have downgraded our long-term recommendation on Advance Auto Parts Inc. ( AAP ) to Underperform. Total revenues went down 1.3% year over year to $1.46 billion in the quarter, missing the Zacks Consensus Estimate of $1.48 billion.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. We have downgraded our long-term recommendation on Advance Auto Parts Inc. ( AAP ) to Underperform. Advance Auto Parts faces tough competition from other national and regional automotive retailers including AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ), Pep Boys and CSK Auto Corporation.
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We have downgraded our long-term recommendation on Advance Auto Parts Inc. ( AAP ) to Underperform. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The leading automotive parts and accessories retailer is facing challenges from the sluggish economy and volatile gasoline pricing.
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11976.0
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2012-08-22 00:00:00 UTC
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O'Reilly Prices $300 Million Notes - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-prices-%24300-million-notes-analyst-blog-2012-08-22
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nan
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nan
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On August 16, O'Reilly Automotive Inc. ( ORLY ) announced its plan for an offering of $300 million senior subordinated notes due 2022. The company subsequently declared the pricing of $300 million of 3.800% senior subordinated notes at 99.627% of their face value.
The proceeds from the offering will be used for general corporate purposes, incorporating a hike in the working capital along with share repurchases, repayment of debt and investment in other business opportunities. The proceeds will also be used for the payment of fees and expenses related to the offering.
In September 2011, the company offered $300 million of unsecured 4.625% senior notes due 2021. The 4.625% senior notes were priced at 99.826% of their face value with maturity on September 15, 2021. The proceeds from this offering were used for the payment of fees and expenses related to the offering, while the remaining amount was used for general corporate purposes, primarily share repurchases.
O'Reilly registered a 20% increase in its earnings per share to $1.15 in the second quarter of 2012, compared to 96 cents in the prior-year quarter. The result beat the Zacks Consensus Estimate by a penny. Net income increased 9% to $146 million from $134 million in the second quarter of 2011.Total revenues rose 6% to $1.56 billion, essentially in line with the Zacks Consensus Estimate.
O'Reilly is the third largest retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the U.S. The company sells an extensive line of products consisting of new and remanufactured automotive hard parts (such as mufflers, brakes, and shock absorbers), maintenance items, accessories, a complete range of auto body paint and related materials, automotive tools, and professional service equipment. Its main competitors include Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ).
Currently, O'Reilly retains a Zacks #3 Rank, which translates into a short-term (1 to 3 months) Hold rating. We have a long-term (more than 6 months) Neutral recommendation on the stock.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its main competitors include Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On August 16, O'Reilly Automotive Inc. ( ORLY ) announced its plan for an offering of $300 million senior subordinated notes due 2022.
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Its main competitors include Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On August 16, O'Reilly Automotive Inc. ( ORLY ) announced its plan for an offering of $300 million senior subordinated notes due 2022.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors include Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). On August 16, O'Reilly Automotive Inc. ( ORLY ) announced its plan for an offering of $300 million senior subordinated notes due 2022.
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Its main competitors include Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. On August 16, O'Reilly Automotive Inc. ( ORLY ) announced its plan for an offering of $300 million senior subordinated notes due 2022.
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11977.0
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2012-08-17 00:00:00 UTC
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O'Reilly Boosts Share Repurchase - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-boosts-share-repurchase-analyst-blog-2012-08-17
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) announced that its Board of Directors has approved a resolution to boost the authorization under its share repurchase program by an additional $500 million. The additional authorization, beginning on August 10, 2012, is effective for 3 years.
During the first half of the year, the company repurchased 6.3 million shares at an average price of $94.52, reflecting a total investment of $594 million. Subsequent to the end of the second quarter until July 25, 2012, it repurchased an additional 3.1 million shares at an average price of $85.48, implying a total investment of $267 million.
Since the inception of the share repurchase program in January 2011 until July 25, 2012, O'Reilly has repurchased 25.3 million shares at an average price of $72.67, reflecting a total investment of $1.84 billion.
The company last increased the authorization under the repurchase program by an additional $500 million on June 1, 2012. With the additional authorization of $500 million, the cumulative authorization under the program went up to $2.5 billion.
The company earned $1.15 per share in the second quarter of 2012, a robust 20% increase from 96 cents in the last year quarter and inched past the Zacks Consensus Estimate by a penny. Net income increased 9% to $146 million (9.3% of sales) from $134 million (9.0%) in the second quarter of 2011.
Sales for the quarter rose 6% to $1.56 billion from $1.48 billion a year ago, almost in line with the Zacks Consensus Estimate of $1.57 billion. Comparable store sales (change in sales for stores open at least one year) scaled up 2.5% compared with 4.4% in the second quarter of 2011.
O'Reilly has projected earnings per share of $1.25 to $1.29 and consolidated comparable store sales to increase in the range of 1% to 3% for the third quarter of the year. For full year 2012, the company anticipates earnings per share in the range of $4.56 to $4.66 and consolidated comparable store sales to increase by 3% to 5%. This compared with the previous guidance of $4.47-$4.57 and 3% to 6%.
The company reiterated its revenue guidance of $6.15 billion-$6.25 billion, gross margin guidance of 49.4%-49.8% and operating margin guidance of 15.4%-15.9% for the year. It has also reiterated its capital expenditures guidance of $315 million to $345 million but raised free cash flow guidance to $725 million to $775 million from $700 million to $750 million for the year.
O'Reilly, a Zacks #3 Rank (Hold) stock, is the third largest specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., selling products to both Do-it-Yourself (DIY) customers and Do-it-for-Me (DIFM) or professional installers. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive Inc. ( ORLY ) announced that its Board of Directors has approved a resolution to boost the authorization under its share repurchase program by an additional $500 million.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). During the first half of the year, the company repurchased 6.3 million shares at an average price of $94.52, reflecting a total investment of $594 million.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). During the first half of the year, the company repurchased 6.3 million shares at an average price of $94.52, reflecting a total investment of $594 million.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. During the first half of the year, the company repurchased 6.3 million shares at an average price of $94.52, reflecting a total investment of $594 million.
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11978.0
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2012-08-13 00:00:00 UTC
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Advance Auto Profits Dip - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-profits-dip-analyst-blog-2012-08-13
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. In absolute terms, profits decreased 12% to $99.6 million compared with $113.1 million in the year-ago quarter.
Revenues fell marginally by 1.3% to $1.46 billion in the reported quarter, missing the Zacks Consensus Estimate of $1.48 billion. The decline in revenues was attributable to a 2.7% drop in store sales versus a 2.5% rise in the same during the second quarter of fiscal 2011. Revenues were positively affected by addition of 65 new stores during the past 12 months.
Gross profit amounted to $728.9 million, down $6.9 million or 1% from $735.8 million in the second quarter of 2011. Gross margin was 49.9% in the reported quarter compared to 49.7% in the year ago quarter. The rise in gross margin was due to improved store shrink and lower supply costs, partially offset by augmented promotional activity.
SG&A expenses for the quarter went up 2.3% to $559.7 million or 38.3% of sales from $546.9 million or 36.9% in the year ago quarter. The increase in SG&A expenses was attributable to a shift in expenses to the reported quarter along with lower sales volume.
Operating income went down 10.4% to $169.2 million or 11.6% of sales in the quarter from $188.9 million or 12.8% of sales in the year-ago quarter. The decline was driven by a shift in SG&A expenses to the reported quarter, partially offset by lower incentive compensation expenses.
Store Opening
During the second quarter, Advance Auto Parts opened 10 new stores, including 3 Autopart International stores. During the first half of 2012, the company opened 35 stores, including 6 Autopart International stores. As of July 14, 2012, the company had 3,692 stores, including 203 Autopart International stores. It also plans to open 120 to 140 stores in 2012.
Financials
Advance Auto Parts had cash and cash equivalents of $448.6 million as of July 14, 2012 compared with $68.8 million as of July 16, 2011. Long-term debt was $600.5 million as of July 14, 2012, compared to $566.4 million as of July 16, 2011.
In the twenty-eight week period ended July 14, 2012, operating cash flow went down to $411.4 million from $469.5 million in the prior-year period. Capital expenditures were $146.3 million in the period, compared to $151.6 million a year ago. Free cash flow for the period was $265.4 million compared to $287.3 million a year ago.
Guidance
Advance Auto Parts anticipates that comparable store sales would be slightly lower or flat compared to the last year due to the soft business environment. Earnings per share would be in the range of $5.25 to $5.35 per share for 2012.
Our Take
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. It is the one of the leading retailer ensuring quality and confidence of the customers at affordable prices.
However, sluggish economy and uncertainty in the market are leading to weak consumer demand. Further, the company faces strong competition from other automotive retailers including AutoZone Inc. ( AZO ) and O'Reilly Automotive Inc. ( ORLY ). These factors have led the company to retain a Zacks #5 Rank, which translates into a short-term (1 to 3 months) Strong Sell rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The decline in revenues was attributable to a 2.7% drop in store sales versus a 2.5% rise in the same during the second quarter of fiscal 2011.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. Store Opening During the second quarter, Advance Auto Parts opened 10 new stores, including 3 Autopart International stores.
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Advance Auto Parts Inc. ( AAP ) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. SG&A expenses for the quarter went up 2.3% to $559.7 million or 38.3% of sales from $546.9 million or 36.9% in the year ago quarter.
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Advance Auto Parts Inc. ( AAP ) announced an 8.2% fall in earnings per share to $1.34 in the second quarter of 2012 compared to $1.46 in the corresponding quarter last year, missing the Zacks Consensus Estimate by 6 cents. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Gross margin was 49.9% in the reported quarter compared to 49.7% in the year ago quarter.
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11979.0
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2012-08-10 00:00:00 UTC
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Advance Auto Parts Cut to “Neutral” at Credit Suisse; No Near-Term Visibility (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-cut-neutral-credit-suisse-no-near-term-visibility-aap-2012-08-10
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nan
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nan
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Friday caught a big downgrade from analysts at Credit Suisse.
The firm cut its rating on AAP from "Outperform" to "Neutral" with a $75 price target. That target suggests a 10% upside to the stock's Thursday closing price of $67.92.
Credit Suisse also lowered its earnings estimates for the company, citing a lack of short-term visibility.
Advance Auto Parts shares were mostly flat in premarket trading Friday.
The Bottom Line
Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $67.92. The stock has technical support in the $60-$63 price area. If the shares can firm up, we see overhead resistance around the $70-$74 price levels.
Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $67.92. Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Friday caught a big downgrade from analysts at Credit Suisse. The firm cut its rating on AAP from "Outperform" to "Neutral" with a $75 price target.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Friday caught a big downgrade from analysts at Credit Suisse. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $67.92. The firm cut its rating on AAP from "Outperform" to "Neutral" with a $75 price target.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Friday caught a big downgrade from analysts at Credit Suisse. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $67.92. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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Auto parts retailer Advance Auto Parts, Inc. ( AAP ) on Friday caught a big downgrade from analysts at Credit Suisse. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .35% dividend yield, based on last night's closing stock price of $67.92. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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11980.0
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2012-08-08 00:00:00 UTC
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Pre-Market Earnings Report for August 9, 2012 : CNQ, MFC, SLF, KSS, GOLD, THI, WIN, AAP, RGLD, MKL, BR, CAE
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AAP
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https://www.nasdaq.com/articles/pre-market-earnings-report-august-9-2012-cnq-mfc-slf-kss-gold-thi-win-aap-rgld-mkl-br-cae
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nan
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nan
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The following companies are expected to report earnings prior to market open on 08/09/2012. Visit our Earnings Calendar for a full list of expected earnings releases.
Canadian Natural Resources Limited ( CNQ ) is reporting for the quarter ending June 30, 2012. The oil company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.62. This value represents a -21.52% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for CNQ is 13.47 vs. an industry ratio of 999.00.
Manulife Financial Corp ( MFC ) is reporting for the quarter ending June 30, 2012. The life insurance company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.10. This value represents a -62.96% decrease compared to the same quarter last year. The last two quarters MFC had negative earnings surprises; Zacks Investment Research reports that the 2012 Price to Earnings ratio for MFC is 8.65 vs. an industry ratio of 12.10.
Sun Life Financial Inc. ( SLF ) is reporting for the quarter ending June 30, 2012. The life insurance company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.62. This value represents a -18.42% decrease compared to the same quarter last year. SLF missed the consensus earnings per share in the 4th calendar quarter by -35.71%. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2012 Price to Earnings ratio for SLF is 8.17 vs. an industry ratio of 12.10.
Kohl's Corporation ( KSS ) is reporting for the quarter ending July 31, 2012. The retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $0.96. This value represents a -11.93% decrease compared to the same quarter last year. In the past year KSS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 5%. Zacks Investment Research reports that the 2013 Price to Earnings ratio for KSS is 11.10 vs. an industry ratio of 11.90.
Randgold Resources Limited ( GOLD ) is reporting for the quarter ending June 30, 2012. The gold mining company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.19. This value represents a -2.46% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2012 Price to Earnings ratio for GOLD is 16.99 vs. an industry ratio of -7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Tim Hortons Inc. ( THI ) is reporting for the quarter ending June 30, 2012. The restaurant company's consensus earnings per share forecast from the 9 analysts that follow the stock is $0.70. This value represents a 12.90% increase compared to the same quarter last year. The last two quarters THI had negative earnings surprises; the latest report they missed by -3.39%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for THI is 19.65 vs. an industry ratio of 21.80.
Windstream Corporation ( WIN ) is reporting for the quarter ending June 30, 2012. The wire line company's consensus earnings per share forecast from the 13 analysts that follow the stock is $0.12. This value represents a -36.84% decrease compared to the same quarter last year. The last two quarters WIN had negative earnings surprises; the latest report they missed by -18.75%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for WIN is 19.73 vs. an industry ratio of 1.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2012. The wholesale retail company's consensus earnings per share forecast from the 16 analysts that follow the stock is $1.40. This value represents a -4.11% decrease compared to the same quarter last year. AAP missed the consensus earnings per share in the 1st calendar quarter by -2.72%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 12.51 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Royal Gold, Inc. ( RGLD ) is reporting for the quarter ending June 30, 2012. The gold mining company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.43. This value represents a 10.26% increase compared to the same quarter last year. The last two quarters RGLD had negative earnings surprises; the latest report they missed by -10.2%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for RGLD is 46.32 vs. an industry ratio of -7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Markel Corporation ( MKL ) is reporting for the quarter ending June 30, 2012. The insurance (property & casualty) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $3.67. This value represents a 18.01% increase compared to the same quarter last year. MKL missed the consensus earnings per share in the 2nd calendar quarter by -22.64%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for MKL is 25.32 vs. an industry ratio of 11.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Broadridge Financial Solutions, Inc. ( BR ) is reporting for the quarter ending June 30, 2012. The outsourcing company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.98. This value represents a 4.26% increase compared to the same quarter last year. In the past year BR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2012 Price to Earnings ratio for BR is 13.75 vs. an industry ratio of 11.40, implying that they will have a higher earnings growth than their competitors in the same industry.
CAE Inc ( CAE ) is reporting for the quarter ending June 30, 2012. The aerospace and defense company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.16. This value represents a -5.88% decrease compared to the same quarter last year. In the past year CAE has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2013 Price to Earnings ratio for CAE is 13.45 vs. an industry ratio of 14.80.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2012. AAP missed the consensus earnings per share in the 1st calendar quarter by -2.72%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 12.51 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2012. AAP missed the consensus earnings per share in the 1st calendar quarter by -2.72%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 12.51 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2012. AAP missed the consensus earnings per share in the 1st calendar quarter by -2.72%. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 12.51 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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AAP missed the consensus earnings per share in the 1st calendar quarter by -2.72%. Advance Auto Parts Inc ( AAP ) is reporting for the quarter ending June 30, 2012. Zacks Investment Research reports that the 2012 Price to Earnings ratio for AAP is 12.51 vs. an industry ratio of 2.70, implying that they will have a higher earnings growth than their competitors in the same industry.
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11981.0
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2012-07-26 00:00:00 UTC
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O'Reilly Exceeds, EPS Up 20% - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-exceeds-eps-up-20-analyst-blog-2012-07-26
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) earned $1.15 per share in the second quarter of 2012, a robust 20% increase from 96 cents in the prior-year quarter and ahead of the Zacks Consensus Estimate by a penny. Net income increased 9% to $146 million (9.3% of sales) from $134 million (9.0%) in the second quarter of 2011.
Sales for the quarter rose 6% to $1.56 billion from $1.48 billion a year ago, almost in line with the Zacks Consensus Estimate of $1.57 billion. Comparable store sales (change in sales for stores open at least one year) scaled up 2.5% compared with 4.4% in the second quarter of 2011.
Gross profit for the quarter increased 9% to $780 million (49.9%) from $719 million (48.6%) a year ago. Selling, general and administrative expenses escalated 8% to $536 million (34.3%) from $496 million (33.5%) in the second quarter of prior year. Operating income improved 10% to $244 million (15.6%) from $222 million (15.0%) a year ago.
During the quarter, O'Reilly opened 50 stores, relocated 17 and renovated 34 in order to improve its image in the retail market and ensure the best customer experience. As of June 30, 2012, the company has operated 3,859 stores. It is on track to open a total of 180 stores in 2012.
Share Repurchase
During the quarter, O'Reilly repurchased 4.5 million shares of its common stock at an average price of $97.47, which implies a total investment of $440 million. During the first half of the year, the company has repurchased 6.3 million shares at an average price of $94.52, reflecting a total investment of $594 million. Subsequent to the end of the second quarter until July 25, 2012, the company has repurchased an additional 3.1 million shares at an average price of $85.48, implying a total investment of $267 million.
Since the inception of the share repurchase program in January 2011 until July 25, 2012, the company has repurchased 25.3 million shares at an average price of $72.67, reflecting a total investment of $1.84 billion.
As announced on June 1, 2012, the company's Board of Directors has increased the authorization under the repurchase program by an additional $500 million, raising the cumulative authorization to $2 billion. As of July 25, 2012, the company had approximately $163 million remaining under its share repurchase program.
Financial Position
O'Reilly had cash and cash equivalents of $367.7 million as of June 30, 2012, up from $268.8 million as of June 30, 2011. Inventories of $2.2 billion formed a significant 78% of current assets as of June 30, 2012.
Long-term debt was $797.4 million as of June 30, 2012 compared with $498.6 million as of June 30, 2011. This translated into a higher long-term debt-to-capitalization ratio of 23% compared with 14% as of June 30, 2011.
In the first half of the year, net cash flow from operations improved to $691.5 million from $561.5 million in the prior-year period. This was primarily attributed to improved profits and favorable changes in operating assets and liabilities.
Capital expenditures (net) were almost flat at $149.3 million compared with $150.0 million in the first half of 2011. As a result, free cash flow improved to $540.1 million during the period from $410.8 million a year ago.
Guidance
For the third quarter of the year, O'Reilly has projected earnings per share of $1.25 to $1.29 and consolidated comparable store sales to increase in the range of 1% to 3%.
For full year 2012, the company anticipates earnings per share in the range of $4.56 to $4.66 and consolidated comparable store sales to increase by 3% to 5%. This compared with the previous guidance of $4.47-$4.57 and 3% to 6%.
The company reiterated its revenue guidance of $6.15 billion-$6.25 billion, gross margin guidance of 49.4%-49.8% and operating margin guidance of 15.4%-15.9% for the year.
It has also reiterated its capital expenditures guidance of $315 million to $345 million but raised free cash flow guidance to $725 million to $775 million from $700 million to $750 million for the year.
Our Take
O'Reilly Automotive is the third largest specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., selling products to both Do-it-Yourself (DIY) customers and Do-it-for-Me (DIFM) or professional installers.
The company sells an extensive line of products consisting of new and remanufactured automotive hard parts (such as mufflers, brakes, and shock absorbers), maintenance items, accessories, a complete range of auto body paint and related materials, automotive tools, and professional service equipment. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ).
The company currently retains a Zacks #3 Rank on its shares, which translates to a short-term rating of Hold, and we have a long-term recommendation of Neutral on its shares.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. During the quarter, O'Reilly opened 50 stores, relocated 17 and renovated 34 in order to improve its image in the retail market and ensure the best customer experience.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). Since the inception of the share repurchase program in January 2011 until July 25, 2012, the company has repurchased 25.3 million shares at an average price of $72.67, reflecting a total investment of $1.84 billion.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Share Repurchase During the quarter, O'Reilly repurchased 4.5 million shares of its common stock at an average price of $97.47, which implies a total investment of $440 million.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. As of June 30, 2012, the company has operated 3,859 stores.
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11982.0
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2012-07-19 00:00:00 UTC
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Genuine Parts Profits In Line - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/genuine-parts-profits-in-line-analyst-blog-2012-07-19
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nan
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nan
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Genuine Parts Company ( GPC ) reported an 11% rise in profits to $168.6 million in the second quarter of the year from $151.8 million in the year-ago quarter. Earnings per share went up 12.5% to $1.08 from 96 cents in the comparable quarter of 2011. It was in line with the Zacks Consensus Estimate.
Revenues in the quarter grew 5% to $3.3 billion, slightly lower than the Zacks Consensus Estimate of $3.4 billion. Operating profit also increased 4.5% to $705.0 million from $674.6 million a year ago, despite a 4% rise in selling, general and administrative expenses to $680.2 million during the quarter.
Revenues in the Automotive Parts segment grew 4% to $1.6 billion despite sluggish growth in the automotive aftermarket. Operating profit in the segment rose 10% to $153.0 million.
Revenues in the Motion Industries or Industrial segment increased 8% to $1.1 billion while operating profit improved 11% to $95.1 million.
Revenues in the Electrical segment or EIS appreciated 9% to $149.4 million while operating profit surged 41% to $12.9 million.
The company's S. P. Richards or Office Products segment continues to face challenging conditions in the market. Revenues in the segment slipped 1% to $413.3 million while operating profit slid 2% to $30.6 million.
Genuine Parts had cash and cash equivalents of $171.6 million as of June 30, 2012, down from $516.7 million as of June 30, 2011. Long-term debt remained unchanged at $500 million as of June 30, 2012 compared with the year-ago level.
During the first six months of 2012, Genuine Parts' net cash flow from operations improved to $421.3 million from $250.0 million in the prior-year period, due to higher profit and favorable changes in operating assets and liabilities. Meanwhile, capital expenditures increased to $51.4 million from $41.7 million in the first half of 2011.
Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top-line and bottom-line growth.
Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). Currently, the company retains a Zacks #2 Rank on its stock, which translates to a Buy rating for the short term (1-3 months).
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
GENUINE PARTS (GPC): Free Stock Analysis Report
GRAINGER W W (GWW): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report GRAINGER W W (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities.
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Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report GRAINGER W W (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Genuine Parts Company ( GPC ) reported an 11% rise in profits to $168.6 million in the second quarter of the year from $151.8 million in the year-ago quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report GRAINGER W W (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). Genuine Parts Company ( GPC ) reported an 11% rise in profits to $168.6 million in the second quarter of the year from $151.8 million in the year-ago quarter.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report GENUINE PARTS (GPC): Free Stock Analysis Report GRAINGER W W (GWW): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). Genuine Parts Company ( GPC ) reported an 11% rise in profits to $168.6 million in the second quarter of the year from $151.8 million in the year-ago quarter.
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11983.0
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2012-06-28 00:00:00 UTC
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ORLY Cuts Guidance, Shares Dip - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/orly-cuts-guidance-shares-dip-analyst-blog-2012-06-28
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) lowered its sales and earnings guidance for the second quarter of the year due to a slow start in April. The automotive aftermarket retailer provided comparable store sales guidance of 2.0% to 2.5% for the quarter compared with the previous outlook of 3% to 5%. The company also expects earnings to be on the lower end of the previously announced range of $1.13 to $1.17 per share for the quarter.
The stock market reacted vehemently to O'Reilly's projections. Shares of the company plummeted 14.3% to $82.61 after the market closed yesterday, implying that the projection was beyond market expectation.
In fact, the share price fall was the steepest since the company launched its initial public offering in April 1993 and even more surprising when it surged 36.5% year-to-date. It could not even spare O'Reilly's competitors Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ) from experiencing a dip due to rising concern over the future of automotive aftermarket industry.
In the first quarter of the year, O'Reilly posted a 25% increase in profit to $147 million from $118 million in the same quarter of 2011. These are equivalent to earnings per share of $1.14 during the quarter, up 37% from 83 cents in the first quarter of 2011 and the Zacks Consensus Estimate of $1.04 (all excluding non-recurring items).
Sales during the quarter scaled up 11% to $1.5 billion from $1.4 billion in the same period a year ago. Comparable store sales (adjusted for the impact of Leap Day in the quarter) increased 6.1% in the quarter versus 5.7% in the first quarter of 2011.
For full year 2012, O'Reilly expects comparable store sales gain of 3%-6% and revenues of $6.15 billion-$6.25 billion. The company has projected gross margin of 49.4%-49.8% and operating margin of 15.4%-15.9% and expects to earn $4.47-$4.57 per share for the year. The Zacks #3 Rank (Hold) company will release its second quarter results after the market closes on Wednesday, July 25, 2012.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It could not even spare O'Reilly's competitors Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ) from experiencing a dip due to rising concern over the future of automotive aftermarket industry. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive Inc. ( ORLY ) lowered its sales and earnings guidance for the second quarter of the year due to a slow start in April.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. It could not even spare O'Reilly's competitors Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ) from experiencing a dip due to rising concern over the future of automotive aftermarket industry. O'Reilly Automotive Inc. ( ORLY ) lowered its sales and earnings guidance for the second quarter of the year due to a slow start in April.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. It could not even spare O'Reilly's competitors Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ) from experiencing a dip due to rising concern over the future of automotive aftermarket industry. O'Reilly Automotive Inc. ( ORLY ) lowered its sales and earnings guidance for the second quarter of the year due to a slow start in April.
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It could not even spare O'Reilly's competitors Advance Auto Parts Inc. ( AAP ) and AutoZone Inc. ( AZO ) from experiencing a dip due to rising concern over the future of automotive aftermarket industry. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The company also expects earnings to be on the lower end of the previously announced range of $1.13 to $1.17 per share for the quarter.
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11984.0
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2012-06-11 00:00:00 UTC
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Tenneco Remains Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/tenneco-remains-neutral-analyst-blog-2012-06-11
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nan
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nan
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We are reiterating our "Neutral" recommendation on Tenneco Inc. ( TEN ). The company continues to benefit from tighter emission regulations along with consistent performance in the commercial business segment. However, we are concerned about the prevailing customer concentration risks faced by the company.
Tenneco's business grows from its diversified platform mix, including top selling trucks in North America and top selling passenger vehicles in the overseas markets. The company is planning to launch multiple programs with 13 different commercial vehicle customers - truck and engine manufacturers. This will help Tenneco to meet new emission regulation laws both for on and off-road commercial vehicles.
The company's Emission control segment will have a favorable impact from strict emission regulations through 2015. It anticipates that a 5-year average compound annual original equipment (OE) revenue growth rate will range between 18% and 20% in 2014. The growth is a result of the implementation of emission regulation globally.
However, Tenneco is under threat due to customer concentration. General Motors Company ( GM ) and Ford Motor Co. ( F ) contributed 19% and 15%, respectively, to total sales in 2011. About 50% of aftermarket sales were generated from the top ten customers last year.
Besides, the company's sales suffered in 2011, due to price concessions demanded by automotive retailers such as AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). Aftermarket parts demand was also weak for Tenneco compared to the original equipment demand.
The company witnessed a 5% growth in profit in the first quarter of 2012 that recorded $41 million or 66 cents per share compared with $39 million or 63 cents a year ago, missing the Zacks Consensus Estimate by 7 cents. Revenues surged 9% year-over-year to $1.9 billion in the quarter. The hike was due to the company's strong customer base, higher OE light vehicle production volumes, incremental commercial vehicle revenues and increased revenues from North American aftermarket.
Tenneco, based in Lake Forest, Illinois, is a leading manufacturer and supplier of emission control, ride control systems, and systems for the automotive original equipment manufacturers (OEMs) and the aftermarket. It operates 84 manufacturing plants and 15 engineering facilities worldwide, which are strategically positioned to meet local customer demand. Worldwide, the company serves more than 64 different OEMs. It competes with Meritor Inc. ( MTOR ).
Our long-term recommendation is backed by a Zacks #3 Rank, which translates into a short-term (1 to 3 months) "Hold" rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
FORD MOTOR CO (F): Free Stock Analysis Report
GENERAL MOTORS (GM): Free Stock Analysis Report
MERITOR INC (MTOR): Free Stock Analysis Report
TENNECO INC (TEN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Besides, the company's sales suffered in 2011, due to price concessions demanded by automotive retailers such as AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report MERITOR INC (MTOR): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. It anticipates that a 5-year average compound annual original equipment (OE) revenue growth rate will range between 18% and 20% in 2014.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report MERITOR INC (MTOR): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. Besides, the company's sales suffered in 2011, due to price concessions demanded by automotive retailers such as AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). It anticipates that a 5-year average compound annual original equipment (OE) revenue growth rate will range between 18% and 20% in 2014.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report MERITOR INC (MTOR): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. Besides, the company's sales suffered in 2011, due to price concessions demanded by automotive retailers such as AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). The hike was due to the company's strong customer base, higher OE light vehicle production volumes, incremental commercial vehicle revenues and increased revenues from North American aftermarket.
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Besides, the company's sales suffered in 2011, due to price concessions demanded by automotive retailers such as AutoZone Inc. ( AZO ) and Advance Auto Parts Inc. ( AAP ). ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report FORD MOTOR CO (F): Free Stock Analysis Report GENERAL MOTORS (GM): Free Stock Analysis Report MERITOR INC (MTOR): Free Stock Analysis Report TENNECO INC (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. This will help Tenneco to meet new emission regulation laws both for on and off-road commercial vehicles.
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11985.0
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2012-05-22 00:00:00 UTC
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AutoZone Beats by a Penny - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-beats-by-a-penny-analyst-blog-2012-05-22
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nan
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nan
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AutoZone Inc. ( AZO ) posted an 18.7% rise in earnings per share to $6.28 in the third quarter of fiscal 2012 ended May 5, 2012 from $5.29 in the third quarter of fiscal 2011. With this, it exceeded the Zacks Consensus Estimate by a penny. In absolute terms, profits were $248.6 million in the reported quarter, up 9.3% compared with $227.4 million in the year-ago quarter.
The company's revenues for the quarter came in at $2.1 billion, up 6.7% compared with $2 billion in the year-ago quarter. However, it was in line with the Zacks Consensus Estimate. Domestic same-store sales (sales for stores open at least one year) increased 3.9% during the quarter.
AutoZone reported a 51.6% gross margin compared with 51.2% in the last year's quarter. The improvement in margins was driven by lower shrinkage expenses and leveraging distribution costs (25 basis points) due to increase in sales.
Operating expenses as a percentage of sales is 31.4. Operating expenses as a percentage of sales were positively affected by decrease in incentive compensation (31 basis points), which was partially offset by a rise in self insurance cost (23 basis points).
Store Opening and Inventory
AutoZone opened 33 new stores in the U.S. and 10 new stores in Mexico with relocation of 3 stores in the U.S. As of May 5, 2012, the company had 4,613 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 297 stores in Mexico.
AutoZone's inventory went up 5.5% in the quarter. The increase is attributable to rise in store count and continuous investment in hard parts assortment. Inventory per store increased marginally by 1.6% to $536 thousand from $527 thousand in the corresponding quarter of prior year.
Share Repurchase
AutoZone repurchased 1.1 million shares of common stock under its existing share repurchase program. With an average price of $380, the company invested $400 million during the quarter for share repurchases. At the end of the quarter, the company had $836 million remaining under the current share repurchase authorization.
Financial Position
The company had cash and cash equivalents of $103.1 million as of May 5, 2012, up from $100.4 million as of May 7, 2011. Total debt amounted to $3.6 billion as of May 5, 2012 compared with $3.2 billion as of May 7, 2011. The company had a stockholder deficit of $1.4 billion as of May 5, 2012, up from $1.1 billion recorded as of May 7, 2011.
In the first nine months of fiscal 2012, the company had net cash flow of $631.6 million before share repurchases and changes in debt compared with $727.1 million in the same period last year. Capital spending increased to $228.3 million from $200.6 million in the year-ago period.
Our Take
AutoZone is a leading retailer and distributor of automotive replacement parts & accessories with stores in the U.S. and Mexico. The company is focused on aggressive share repurchase program along with expansion of hub stores.
It also possesses growth opportunities from rising demand for autoparts led by higher average age of vehicles on road. However, rising gas prices and stiff competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) is a threat to the company. As a result, it retains a Zacks #3 Rank on its shares, which translates into a short-term Hold rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, rising gas prices and stiff competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) is a threat to the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The improvement in margins was driven by lower shrinkage expenses and leveraging distribution costs (25 basis points) due to increase in sales.
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However, rising gas prices and stiff competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) is a threat to the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Share Repurchase AutoZone repurchased 1.1 million shares of common stock under its existing share repurchase program.
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However, rising gas prices and stiff competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) is a threat to the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. Store Opening and Inventory AutoZone opened 33 new stores in the U.S. and 10 new stores in Mexico with relocation of 3 stores in the U.S. As of May 5, 2012, the company had 4,613 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 297 stores in Mexico.
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However, rising gas prices and stiff competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) is a threat to the company. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report To read this article on Zacks.com click here. The company's revenues for the quarter came in at $2.1 billion, up 6.7% compared with $2 billion in the year-ago quarter.
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11986.0
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2012-05-17 00:00:00 UTC
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Advance Auto Parts Q1 Profit Misses; Forecast Weak; Shares Tumble (AAP)
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-q1-profit-misses-forecast-weak-shares-tumble-aap-2012-05-17
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nan
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nan
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Automotive replacement parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted lower-than-expected first quarter earnings results and kept its weak full-year outlook in tact, sending its shares plunging lower in Thursday morning trading.
The Roanoke, VA-based company reported first quarter net income of $133.5 million, or $1.79 per share, compared with $109.6 million, or $1.35 per share, in the year-ago period.
Revenue rose 3.1% from last year to $2 billion.
On average, Wall Street analysts expected a higher profit of $1.81 per share, on matching revenue of $2 billion.
Looking ahead, AAP backed its previously-announced full-year 2012 outlook for earnings of $5.55 to $5.75 per share. Analysts expect a much higher $5.97 per share for the year.
Advance Auto Parts shares fell $11.44, or -14%, in morning trading Thursday.
The Bottom Line
Shares of Advance Auto Parts ( AAP ) have a .29% dividend yield, based on last night's closing stock price of $82.10. The stock has technical support in the $70-$75 price area. If the shares can firm up, we see overhead resistance around the $85-$86 price levels.
Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Automotive replacement parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted lower-than-expected first quarter earnings results and kept its weak full-year outlook in tact, sending its shares plunging lower in Thursday morning trading. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .29% dividend yield, based on last night's closing stock price of $82.10. Looking ahead, AAP backed its previously-announced full-year 2012 outlook for earnings of $5.55 to $5.75 per share.
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Automotive replacement parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted lower-than-expected first quarter earnings results and kept its weak full-year outlook in tact, sending its shares plunging lower in Thursday morning trading. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .29% dividend yield, based on last night's closing stock price of $82.10. Looking ahead, AAP backed its previously-announced full-year 2012 outlook for earnings of $5.55 to $5.75 per share.
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Automotive replacement parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted lower-than-expected first quarter earnings results and kept its weak full-year outlook in tact, sending its shares plunging lower in Thursday morning trading. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .29% dividend yield, based on last night's closing stock price of $82.10. Looking ahead, AAP backed its previously-announced full-year 2012 outlook for earnings of $5.55 to $5.75 per share.
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Automotive replacement parts retailer Advance Auto Parts, Inc. ( AAP ) on Thursday posted lower-than-expected first quarter earnings results and kept its weak full-year outlook in tact, sending its shares plunging lower in Thursday morning trading. The Bottom Line Shares of Advance Auto Parts ( AAP ) have a .29% dividend yield, based on last night's closing stock price of $82.10. Advance Auto Parts, Inc. ( AAP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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11987.0
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2012-05-17 00:00:00 UTC
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Market Wrap-Up for May 17 (WMT, AAP, TIF, LTD, GLD, more)
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AAP
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https://www.nasdaq.com/articles/market-wrap-may-17-wmt-aap-tif-ltd-gld-more-2012-05-17
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nan
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nan
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As the market continues to price in potential worst-case scenarios in Europe, now is a good time for dividend investors to keep a shopping list handy. More dividend bargains could be coming our way as quality stocks are pulled down a bit by the wider market. More on this point below.
As far as the headline movers today, some of the earnings names bucking the weakness included Wal-Mart Stores ( WMT ), The Buckle ( BKE ), and Precision Castparts ( PCP ). On the flipside, we saw selling in shares of Advance Auto Parts ( AAP ), Gamestop ( GME ), and The Limited ( LTD ) following their earnings results. Wall Street analyst downgrades pushed shares of Abercrombie & Fitch ( ANF ) and Cintas ( CTAS ) lower. Also, Tiffany & Co. ( TIF ) shares were down a bit, despite news of the company raising its dividend payout by 10.3%. We did finally see gold prices ( GLD ) catch a bid as selling intensified. It has been tough sledding for commodity investors in 2012.
Down Days and Weeks Inevitably Happen in our Investing Lifetime
Dividend investors should never panic when the market's inevitable down periods come around. As long as you stick to a strict sell discipline, you'll be able to avoid holding on to shares of companies that have lost their way for too long. Also, we tend to look at down periods as providing some better entry points for high-quality dividend names. So when the markets do pull back, think offensively rather than defensively.
I understand that down days tend to make people nervous, but that's human nature and totally expected. If a stock you own is going down particularly hard on days the markets are not down so much, you should always examine why that price action occurred. Remember, even companies that were once titans in the business world can crumble if their business model or execution erodes over time.
It pays to be proactive when it's time to pull the weeds out of one's dividend garden. Flat performance doesn't worry me as much as negative returns when the rest of the market is moving up nicely over a period of time. The stock tape can sometimes warn us ahead of time that we need to consider making changes, so as I said above, be prepared to take action. Just avoid getting skittish if it's simply the overall market pricing in potential bad news ahead.
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25 Years of Dividend-Increasing Stocks
We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. Be sure to check out the latest list of names here .
Dividends Really Matter
Financial blog DailyReckoning.com recently took a look at the difference dividend payouts made in the overall return investors saw throughout the prior decades. Here are some of the highlights:
- The Nasdaq is down 28% since the end of 1999. Even the "blue chip" S&P 500 stocks are down 15% during that time frame…until you add back those "boring" dividends. With dividends included, the S&P 500′s 15% loss flips to a 6% gain.
- Without dividends, the S&P 500 index would have produced a loss for the 25 long years from August 1929 to August 1954. Then again, without dividends, the S&P 500 produced a 5% loss during the 13 years from September 1961 to September 1974. But with dividends included, the S&P's loss became a 46% gain.
- Over the course of the last half-century, dividends have contributed more than half of the stock market's total return - 56%, to be exact.
Of course, you can't discuss the potency of dividend investing without making mention of how awesome compound returns are. I can't stress enough the power of compound interest: you take a small amount of money and turn it into a large amount over time. Finding the right companies at the right price points which not only grow earnings, but also grow their dividend payouts as well!
New Watchlist Article Out Today
Be sure to check out our weekly Top 50 High-Yield Watchlist Names post that is out today, exclusively for Dividend.com Premium members. This list gives readers a good idea of what stocks we're watching behind the scenes here for potential upgrades.
Go Beyond This Newsletter
We know many of you enjoy reading the daily newsletter, but remember that with our Dividend.com Premium service, the newsletter is just one small component of what we offer. Here are the "Big Three" benefits of our Premium service:
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- Finally, we offer the most complete and easy-to-use dividend data on the web. Many subscribers use this data as part of a "Dividend Capture" trading strategy, but long-term investors can use it to keep track of impending payouts. Just visit our Ex-Dividend Calendar for a complete outlook on which companies will be paying out soon.
We don't ask for a credit card to use our free trial, and we don't bill you when your trial ends. No obligation whatsoever! So keep enjoying the newsletter, but please give Dividend.com Premium a shot if you haven't already subscribed!
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On the flipside, we saw selling in shares of Advance Auto Parts ( AAP ), Gamestop ( GME ), and The Limited ( LTD ) following their earnings results. As the market continues to price in potential worst-case scenarios in Europe, now is a good time for dividend investors to keep a shopping list handy. As far as the headline movers today, some of the earnings names bucking the weakness included Wal-Mart Stores ( WMT ), The Buckle ( BKE ), and Precision Castparts ( PCP ).
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On the flipside, we saw selling in shares of Advance Auto Parts ( AAP ), Gamestop ( GME ), and The Limited ( LTD ) following their earnings results. 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more. Finding the right companies at the right price points which not only grow earnings, but also grow their dividend payouts as well!
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On the flipside, we saw selling in shares of Advance Auto Parts ( AAP ), Gamestop ( GME ), and The Limited ( LTD ) following their earnings results. As the market continues to price in potential worst-case scenarios in Europe, now is a good time for dividend investors to keep a shopping list handy. 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more.
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On the flipside, we saw selling in shares of Advance Auto Parts ( AAP ), Gamestop ( GME ), and The Limited ( LTD ) following their earnings results. Also, we tend to look at down periods as providing some better entry points for high-quality dividend names. 25 Years of Dividend-Increasing Stocks We recently updated our list of dividend stocks that have been paying out dividends for 25 years or more.
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11988.0
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2012-05-17 00:00:00 UTC
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Advance Auto Parts Misses Estimates - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-parts-misses-estimates-analyst-blog-2012-05-17
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. However, it missed the Zacks Consensus Estimate of $1.85 per share.
The company's revenues for the quarter came at $1.96 billion, up 3.1% compared with $1.90 billion in the year-ago quarter. The improvement in sales was attributable to a comparable-store sales gain of 2.1% compared with 1.4% during the first quarter of 2011 along with addition of 82 new stores in the last 12 months. Meanwhile, it missed the Zacks Consensus Estimate of $2.01 billion.
The company's gross margin deteriorated by 38 basis point to 50.1% of sales from 50.5% of sales in the first quarter of 2011. The decline in gross margin was driven by higher supply chain cost due to slow pace of inventory growth, which was partially offset by improvement in labor and transport costs.
The company's selling, general and administrative (SG&A) rate fell 205 basis points to 38.6% of sales from 40.7% a year ago. The decline in SG&A rate can be attributable to reduction in overall administrative support costs and improvement in store labor productivity.
Operating income rose 20.7% to $224.6 million (11.5% of sales) from $185.9 million (9.8%) in the year-ago period. Operating income per store increased to $193 from $167 in the corresponding quarter of last year.
Store Opening
During the first quarter, Advance Auto Parts opened 25 new stores. Among them, three were Autopart International stores. However, the company closed five Autopart International stores in the quarter. As of April 21, 2012 the company had 3,682 stores, with 200 Autopart International stores.
Share Repurchase
The Board of Directors of Advance Auto Parts authorized share repurchase of $500 million on May 14, 2012. This new authorization replaces the former $300 million share repurchase authorization in August 2011. Out of this, share repurchases of $200 million was outstanding at the end of the fourth quarter of 2011.
Financials
Advance Auto Parts had cash and cash equivalents of $364.1 million as of April 21, 2012 compared with $53.7 million as of April 23, 2011. Long-term debt was $599.8 million as of April 21, 2012, compared to $430.8 million as of April 23, 2011.
In the sixteen-week period ended April 21, 2012, operating cash flow went down to $235.4 million from $272.5 million in the year-ago period. Capital expenditure was $82.5 million compared to $88.9 million in the year-ago period. As a result, free cash flow for the quarter was $153.1 million compared to $152.9 million a year ago.
2012 Guidance
For the fiscal year 2012 Advance Auto Parts anticipates earnings per share in the range of $5.55 to $5.75. The company further expects that comparable store sales gain of low to single digits for the year.
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. It is the second leading retailer catering to the DIY and DIFM (or Commercial) customers.
The major competitors of the company are AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and Pep Boys-Manny, Moe & Jack ( PBY ). Currently, it retains a Zacks #3 Rank on its shares, which translates into a short-term Hold rating.
ADVANCE AUTO PT (AAP): Free Stock Analysis Report
AUTOZONE INC (AZO): Free Stock Analysis Report
O REILLY AUTO (ORLY): Free Stock Analysis Report
PEP BOYS M M &J (PBY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. The company's selling, general and administrative (SG&A) rate fell 205 basis points to 38.6% of sales from 40.7% a year ago.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. Share Repurchase The Board of Directors of Advance Auto Parts authorized share repurchase of $500 million on May 14, 2012.
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ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto Parts Inc. ( AAP ) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. Share Repurchase The Board of Directors of Advance Auto Parts authorized share repurchase of $500 million on May 14, 2012.
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Advance Auto Parts Inc. ( AAP ) posted 32.6% increase in its first quarter 2012 earnings per share to $1.79 from $1.35 reported in the year-ago quarter. ADVANCE AUTO PT (AAP): Free Stock Analysis Report AUTOZONE INC (AZO): Free Stock Analysis Report O REILLY AUTO (ORLY): Free Stock Analysis Report PEP BOYS M M &J (PBY): Free Stock Analysis Report To read this article on Zacks.com click here. The company's gross margin deteriorated by 38 basis point to 50.1% of sales from 50.5% of sales in the first quarter of 2011.
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11989.0
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2012-05-09 00:00:00 UTC
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Rio Tinto Pushes Ahead on Expansion Plans as Challenges Abound
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AAP
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https://www.nasdaq.com/articles/rio-tinto-pushes-ahead-expansion-plans-challenges-abound-2012-05-09
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nan
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nan
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(IBTimes) - Rio Tinto officials have admitted that challenges in the near-term could hamper the mining firm's full-growth capability, chief of which is the increasing cost of producing the company's prime commodities - iron ore and coal.
Despite the anticipated difficulties, Rio Tinto chief executive Tom Albanese informed the company's investors on Thursday that previously announced production expansion will proceed as planned, specifically the goal of ramping up the country's iron ore output.
From its present iron ore production capacity of 230 million tonnes, Rio Tinto has rolled out measures that would soon push up that output to 283 million tonnes.
"Everything is now in place for the expansion to 283 million tonnes and potentially to 353 million tonnes," Mr Albanese was quoted as saying by Business Day in referring to the company plan that he would submit before the Rio Tinto board.
The expansion path must be taken now, he added, as "we must ensure we are proactively tackling issues now that may impact productivity in years to come."
Mr Albanese reiterated his earlier suggestions of impending challenges that Rio Tinto and the resource industry as a whole would face, which he stressed can be dealt with by acting early before the specific problem arises such as the rising production cost in Australia.
"Increasing costs are an industry-wide problem, particularly in hotspots like here in Queensland, and I am determined to be on the front foot in tackling this challenge," the company chief said.
In a separate speech, Rio Tinto chair Jan Du Plessis informed the company's shareholders, gathered in Brisbane today for the firm's annual meet, that difficulties were indeed lurking ahead as global economies fight off lingering threats of recession, especially in Europe where last week voters ousted governments deemed gravitating towards austerity measures.
Amidst the uncertainties, however, Mr du Plessis has expressed confidence for the general outlook of Rio Tinto, especially in the production department, which he said would surge by a hundred percent over the next 20 years.
"Over the longer term, we continue to believe the outlook remains strong, with demand for many of the products we produce expected to double over the next 20 years," the Rio Tinto chair said, adding that the company's overall growth prospect has experienced considerable uplifts in the past six months.
"I believe our strong balance sheet will serve to strongly underpin our business in the face," Mr du Plessis was reported by the Australian Associated Press ( AAP ) as saying.
He acknowledged, however, that China has become a concern following the controlled cooling down measures on the world's second biggest economy that were unleashed by Beijing this year.
As one of Rio Tinto's biggest customer, any slowdown occurring in China will definitely leave an impact, the Rio Tinto chair admitted.
But Mr du Plessis is not worrying that much as he stressed that "the rate of growth (in China) is still very favourable in comparison to global economic growth."
He added that the general situation in the United States appears to be gradually stabilising, a condition that inevitably would spread over other economies around the world, which Mr du Plessis said were all favourable to Rio Tinto and other resources-centred companies.
Much of the concern for now is focus on Europe, where he noted "the European Central Bank has in recent months managed the sovereign debt crisis in Europe well."
Mr du Plessis, however, conceded that the recent defeat of French President Nicolas Sarkozy and other European leaders that championed fiscal discipline was somewhat a jarring development for the business community.
"Recent events have shown that the situation is clearly not resolved and the potential for contagion continues to linger," the Rio Tinto chair warned.
Original Source: http://www.ibtimes.com/articles/339276/20120509/rio-tinto-push-ahead-expansion-plan-amidst.htm
For more information, go to www.ibtimes.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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"I believe our strong balance sheet will serve to strongly underpin our business in the face," Mr du Plessis was reported by the Australian Associated Press ( AAP ) as saying. Despite the anticipated difficulties, Rio Tinto chief executive Tom Albanese informed the company's investors on Thursday that previously announced production expansion will proceed as planned, specifically the goal of ramping up the country's iron ore output. In a separate speech, Rio Tinto chair Jan Du Plessis informed the company's shareholders, gathered in Brisbane today for the firm's annual meet, that difficulties were indeed lurking ahead as global economies fight off lingering threats of recession, especially in Europe where last week voters ousted governments deemed gravitating towards austerity measures.
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"I believe our strong balance sheet will serve to strongly underpin our business in the face," Mr du Plessis was reported by the Australian Associated Press ( AAP ) as saying. From its present iron ore production capacity of 230 million tonnes, Rio Tinto has rolled out measures that would soon push up that output to 283 million tonnes. "Everything is now in place for the expansion to 283 million tonnes and potentially to 353 million tonnes," Mr Albanese was quoted as saying by Business Day in referring to the company plan that he would submit before the Rio Tinto board.
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"I believe our strong balance sheet will serve to strongly underpin our business in the face," Mr du Plessis was reported by the Australian Associated Press ( AAP ) as saying. "Everything is now in place for the expansion to 283 million tonnes and potentially to 353 million tonnes," Mr Albanese was quoted as saying by Business Day in referring to the company plan that he would submit before the Rio Tinto board. In a separate speech, Rio Tinto chair Jan Du Plessis informed the company's shareholders, gathered in Brisbane today for the firm's annual meet, that difficulties were indeed lurking ahead as global economies fight off lingering threats of recession, especially in Europe where last week voters ousted governments deemed gravitating towards austerity measures.
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"I believe our strong balance sheet will serve to strongly underpin our business in the face," Mr du Plessis was reported by the Australian Associated Press ( AAP ) as saying. Despite the anticipated difficulties, Rio Tinto chief executive Tom Albanese informed the company's investors on Thursday that previously announced production expansion will proceed as planned, specifically the goal of ramping up the country's iron ore output. "Increasing costs are an industry-wide problem, particularly in hotspots like here in Queensland, and I am determined to be on the front foot in tackling this challenge," the company chief said.
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11990.0
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2012-05-03 00:00:00 UTC
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Has AutoZone Peaked? The Future Demand for Automobiles in the U.S.
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AAP
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https://www.nasdaq.com/articles/has-autozone-peaked-future-demand-automobiles-us-2012-05-03
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nan
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nan
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Today there are 242 million registered cars on the road, which equals the last 16 years of new car and light truck sales. This is down from the peak of 248 million in 2008.
I recently read a report called "Transportation and the New Generation" (TNG) by U.S. PIRG Education Fund and Frontier Group. The statistic that intrigued me the most was, "According to the Federal Highway Administration, from 2000 to 2010, the share of 14- to 34-year-olds without a driver's license increased from 21 percent to 26 percent." How will this trend strain demand into 2015? Are there other trends which might provide clues to future demand for the automobile?
I decided to take a look at industry statistics and demographics which may provide clues on the future demand of both auto parts and car and light truck sales.
Comparison of car and light truck statistics 2005 vs. 2011
Source: R.L. Polk , Ward, FHA, NADA
*2010
The average age of car and light trucks on the road increased to 10.8 years, up 13.6% from its 2005 average. Separating the data, light trucks average age increase more sharply, up 19.5% from the 2005 average. Many light trucks are used for semi-commercial/small business purposes, as a result the average age increased more sharply. As this occurred many auto parts retailers stocks benefited from this change. Autozone and O'Reily Auto Parts are up 300% since 2005. Stocks of auto makers like GM, Ford and Chrysler all were hit badly in this period. Will this continue?
The amount of registered vehicles was flat between 2005 and 2010 at 242 million. At the same time the population available to drive grew by 5.15% in the same period. The amount of licensed drivers grew less than the available-to-drive population at 4.48%. Since 2005, 15% of the available-to-drive population do not have driver's license. Who are they? Why did they choose not to get a driver's license? According to the report previously mentioned, they are the 14- to 34-year-old group.
Are the Auto Parts Retailers near a market top?
Although the amount of registered cars remained at 242 million since 2005, the Auto Parts retailers benefited from an increase in the average age of the car. The sweet spot of the auto parts retailer may soon be over as some demographic and cultural changes in driving and car ownership are appearing in the stats. As less of the newly able to drive choose not to get a license, the amount of cars that remain on the road will decline. The TNG report stated that some of the reasons are related to costs, living in cities, easier public transportation options, and more comprehensive driver exams. The report did not look at the elderly, the part of the population which is expected to grow the most in the next decade. This group is limited to purchases as they become physically unable to continue to drive.
As the trend of 15- to 34-year-olds without a license continues, the current unlicensed 29- to 34-year-olds will be in the 35 to 69 age group by 2015, diminishing that group's demand for automobiles in the future. Now consider the large loss of drivers at the 70-or-higher age as that age group is expected to expand the greatest over the next five years. What you get is all driver age groups declining and a measurable decline in the demand for the automobile (new or used) in the US. With 300% or higher gains in AutoZone and O'Reily's Auto, I will give them a couple of more quarters until you see these demographic changes hit their earnings and stock prices.
Read More:
Berkshire Hathaway Shareholder Meeting Notes - Part I
Ben Graham: Net-Net Newsletter's May Pick: A Ben Graham Net-Net with 19 Straight Years of Profits
Whitney George, Co-Chief Investment officer of Chuck Royce Funds on Wealthtrack
What would Henry Singleton do with Vivendi?
About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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I decided to take a look at industry statistics and demographics which may provide clues on the future demand of both auto parts and car and light truck sales. The TNG report stated that some of the reasons are related to costs, living in cities, easier public transportation options, and more comprehensive driver exams. With 300% or higher gains in AutoZone and O'Reily's Auto, I will give them a couple of more quarters until you see these demographic changes hit their earnings and stock prices.
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I decided to take a look at industry statistics and demographics which may provide clues on the future demand of both auto parts and car and light truck sales. Although the amount of registered cars remained at 242 million since 2005, the Auto Parts retailers benefited from an increase in the average age of the car. Read More: Berkshire Hathaway Shareholder Meeting Notes - Part I Ben Graham: Net-Net Newsletter's May Pick: A Ben Graham Net-Net with 19 Straight Years of Profits Whitney George, Co-Chief Investment officer of Chuck Royce Funds on Wealthtrack What would Henry Singleton do with Vivendi?
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I decided to take a look at industry statistics and demographics which may provide clues on the future demand of both auto parts and car and light truck sales. Although the amount of registered cars remained at 242 million since 2005, the Auto Parts retailers benefited from an increase in the average age of the car. As the trend of 15- to 34-year-olds without a license continues, the current unlicensed 29- to 34-year-olds will be in the 35 to 69 age group by 2015, diminishing that group's demand for automobiles in the future.
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I decided to take a look at industry statistics and demographics which may provide clues on the future demand of both auto parts and car and light truck sales. Although the amount of registered cars remained at 242 million since 2005, the Auto Parts retailers benefited from an increase in the average age of the car. As the trend of 15- to 34-year-olds without a license continues, the current unlicensed 29- to 34-year-olds will be in the 35 to 69 age group by 2015, diminishing that group's demand for automobiles in the future.
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11991.0
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2012-04-27 00:00:00 UTC
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Calls stay on road with Advance Auto
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AAP
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https://www.nasdaq.com/articles/calls-stay-road-advance-auto-2012-04-27
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nan
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nan
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Bulls see no going back for Advance Auto
Advance Auto Parts has been rallying, and the bulls apparently think that there's no going back.
optionMONSTER's Heat Seeker tracking system detected the purchase of about 2,200 June 90 calls against open interest of just 807 contracts. Most of the large blocks priced for $4.98 to $5.10.
Those calls lock in the price investors must pay to buy shares in the auto-parts retailer. They are relatively expensive because the stock has been rallying and amid a wave of strong growth in the industry. Its results have beaten estimates for the last three quarters.
Implied volatility has climbed to 28 percent, more than twice the stock's historical volatility level. It may increase further in coming weeks as investors look for another strong earnings report on May 15. That could help the call buyer even if the stock doesn't rally. (See our Education section)
AAP rose 2 percent to $91.43 yesterday, pulling back from an all-time high of $92.60 early in the session. The stock is up more than 40 percent in the last six months and has been trending higher since 2003 as car owners spend money to extend the lives of their vehicles.
Overall option volume in AAP was 17 times greater than average in the session, with calls outnumbering puts by more than 3 to 1.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright © 2010 OptionMonster® Holdings, Inc. All Rights Reserved.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(See our Education section) AAP rose 2 percent to $91.43 yesterday, pulling back from an all-time high of $92.60 early in the session. Overall option volume in AAP was 17 times greater than average in the session, with calls outnumbering puts by more than 3 to 1. optionMONSTER's Heat Seeker tracking system detected the purchase of about 2,200 June 90 calls against open interest of just 807 contracts.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. (See our Education section) AAP rose 2 percent to $91.43 yesterday, pulling back from an all-time high of $92.60 early in the session. Overall option volume in AAP was 17 times greater than average in the session, with calls outnumbering puts by more than 3 to 1.
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(See our Education section) AAP rose 2 percent to $91.43 yesterday, pulling back from an all-time high of $92.60 early in the session. Overall option volume in AAP was 17 times greater than average in the session, with calls outnumbering puts by more than 3 to 1. Bulls see no going back for Advance Auto Advance Auto Parts has been rallying, and the bulls apparently think that there's no going back.
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(See our Education section) AAP rose 2 percent to $91.43 yesterday, pulling back from an all-time high of $92.60 early in the session. Overall option volume in AAP was 17 times greater than average in the session, with calls outnumbering puts by more than 3 to 1. Bulls see no going back for Advance Auto Advance Auto Parts has been rallying, and the bulls apparently think that there's no going back.
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11992.0
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2012-04-26 00:00:00 UTC
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O'Reilly Surpasses, EPS Up 37% - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/oreilly-surpasses-eps-up-37-analyst-blog-2012-04-26
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nan
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nan
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O'Reilly Automotive Inc. ( ORLY ) revealed a 25% increase in profit to $147 million in the first quarter of 2012 from $118 million in the same quarter of 2011. These are equivalent to earnings per share of $1.14 during the quarter, up 37% from 83 cents in the first quarter of 2011 and the Zacks Consensus Estimate of $1.04 (all excluding non-recurring items).
Sales during the quarter scaled up 11% to $1.5 billion from $1.4 billion in the same period a year ago. Comparable store sales (adjusted for the impact of Leap Day in the quarter) increased 6.1% in the quarter versus 5.7% in the first quarter of 2011.
Gross profit increased 14% to $762 million (49.8% of sales) from $670 million (48.4%) in the first quarter of 2011. Selling, general and administrative expenses rose 9% to $514 million (33.6%) from $473 million (34.2%) a year ago. Operating income grew 26% to $248 million (16.2%) from $196 million (or 14.2%) in the previous year quarter.
Store Information
During the quarter, O'Reilly opened 73 stores and closed 4 stores, bringing its total store count to 3,809 as of March 31, 2012. Sales per weighted average-store increased to $400 from $381 a year ago.
Share Repurchases
During the quarter, O'Reilly repurchased 1.8 million shares of its common stock for $154 million, reflecting an average price of $87.01. Subsequent to the end of the first quarter and through the date of the earnings release, the company has repurchased an additional 0.1 million shares for $5.3 million, implying an average price of $89.96.
Since the inception of the share repurchase program in January last year, O'Reilly repurchased a total of 17.7 million shares for $1.14 billion, reflecting an average price of $64.14. As of April 25, 2012, the company had approximately $364 million worth of shares remaining under its share repurchase program.
Financial Position
O'Reilly had cash and cash equivalents of $575.2 million as of March 31, 2012, which more than doubled from $230.0 million as of March 31, 2011. Long-term debt increased to $797.5 million as of March 31, 2012 from $498.8 million as of March 31, 2011. This translated into a higher long-term debt-to-capitalization ratio of 22% as of March 31, 2012 compared with 14% as of March 31, 2011.
In the quarter, net cash flow from operations rose 41% to $414.5 million from $294.1 million in the previous year quarter. The increase in cash flow primarily came on the back of higher profits and increases in accounts payable and income taxes payable. Meanwhile, capital expenditures (net) decreased to $75.0 million from $94.2 million in the same quarter of 2010.
Guidance
O'Reilly has projected comparable store sales gain of 3%-5% for the second quarter of 2012 and 3%-6% for the full year 2012.
The company expects to generate revenues of $6.15 billion-$6.25 billion for the year. The company has projected gross margin of 49.4%-49.8% and operating margin of 15.4%-15.9% for the year. It also expects to earn $1.13-$1.17 per share in the second quarter and $4.47-$4.57 per share in 2012.
The company has also provided capital expenditures forecast of $315 million to $345 million and free cash flow guidance of $ $700 million to $750 million for the year.
Our Take
O'Reilly Automotive is the third largest specialty retailer of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., selling products to both Do-it-Yourself (DIY) customers and Do-it-for-Me (DIFM) or professional installers.
The company sells an extensive line of products consisting of new and remanufactured automotive hard parts (such as mufflers, brakes, and shock absorbers), maintenance items, accessories, a complete range of auto body paint and related materials, automotive tools, and professional service equipment. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ),
Based on its market position as well as improved results and clear-cut outlook, the company currently retains a Zacks #2 Rank on its shares, which translates to a short-term rating of "Buy".
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
PEP BOYS M M &J ( PBY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ), Based on its market position as well as improved results and clear-cut outlook, the company currently retains a Zacks #2 Rank on its shares, which translates to a short-term rating of "Buy". ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. Guidance O'Reilly has projected comparable store sales gain of 3%-5% for the second quarter of 2012 and 3%-6% for the full year 2012.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ), Based on its market position as well as improved results and clear-cut outlook, the company currently retains a Zacks #2 Rank on its shares, which translates to a short-term rating of "Buy". Share Repurchases During the quarter, O'Reilly repurchased 1.8 million shares of its common stock for $154 million, reflecting an average price of $87.01.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ), Based on its market position as well as improved results and clear-cut outlook, the company currently retains a Zacks #2 Rank on its shares, which translates to a short-term rating of "Buy". ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive Inc. ( ORLY ) revealed a 25% increase in profit to $147 million in the first quarter of 2012 from $118 million in the same quarter of 2011.
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Its main competitors include Advance Auto Parts Inc. ( AAP ), AutoZone Inc. ( AZO ) and Pep Boys - Manny, Moe & Jack ( PBY ), Based on its market position as well as improved results and clear-cut outlook, the company currently retains a Zacks #2 Rank on its shares, which translates to a short-term rating of "Buy". ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. O'Reilly Automotive Inc. ( ORLY ) revealed a 25% increase in profit to $147 million in the first quarter of 2012 from $118 million in the same quarter of 2011.
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11993.0
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2012-04-18 00:00:00 UTC
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AutoZone Releases $500M Notes - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-releases-500m-notes-analyst-blog-2012-04-18
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nan
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nan
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According to Reuters,AutoZone Inc. ( AZO ) has been awarded a 'BBB' rating by Fitch Ratings for the issue of $500 million 3.7% notes due 2022.The company will utilize the proceeds from the offering in repaying commercial paper. AutoZone had total debt of $3.5 billion as of February 11, 2012.
The rating underscores the company's leading position in the retail auto parts and accessories aftermarket. It also reflects the company's strong operating performance, credit profile and aggressive share repurchases.
In March 2012, AutoZone announced the repurchase of $750 million of the company's common stock in connection with its ongoing share repurchase program which was initiated in 1998.
During second-quarter 2012, the company repurchased 501,000 shares of its common stock for $173 million, with an average price of $345. At the end of the quarter, the company had $486 million remaining under its current share repurchase authorization.
AutoZone is a leading retailer and distributor of automotive replacement parts and accessories with stores in the U.S. and Mexico. The company serves the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) commercial and other customer markets. It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits in their earlier reported quarters.
AutoZone recorded earnings of $4.15 per share in the second quarter ended February 11, 2012, compared with $3.34 in the corresponding quarter last year. The results surpassed the Zacks Consensus Estimate by 11 cents. In absolute terms, profits hiked 13% year over year to $166.9 million.
Revenues in the quarter shot up 9% year over year to $1.8 billion, matching the Zacks Consensus Estimate. Domestic same store sales (sales for stores open at least one year) increased 5.9% during the quarter.
Currently, we have a long-term Neutral recommendation on AutoZone. The stock currently retains a Zacks #3 Rank, which implies a "Hold" rating for the short term.
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits in their earlier reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. It also reflects the company's strong operating performance, credit profile and aggressive share repurchases.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits in their earlier reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. During second-quarter 2012, the company repurchased 501,000 shares of its common stock for $173 million, with an average price of $345.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits in their earlier reported quarters. In March 2012, AutoZone announced the repurchase of $750 million of the company's common stock in connection with its ongoing share repurchase program which was initiated in 1998.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits in their earlier reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. The rating underscores the company's leading position in the retail auto parts and accessories aftermarket.
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11994.0
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2012-04-03 00:00:00 UTC
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Advance Auto Stays Neutral - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-stays-neutral-analyst-blog-2012-04-03
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nan
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nan
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We continue to recommend the shares of Advance Auto Parts ( AAP ) as "Neutral" for the long-term (more than 6 months). We appreciate the company's efforts to improve supply chain and vendor terms by pursuing an aggressive store expansion strategy. However, we believe sluggish economy and unfavorable pricing due to tough competition will mar the company's results.
Advance Auto is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks. It is the second leading retailer catering to the Do-it-Yourself (DIY) and Do-it-for-Me (DIFM) customers. As of December 31, 2011, the company's total store count was 3,662.
The company remains focused on numerous operational initiatives designed to improve sales and productivity within its existing business, while enhancing an already well-established market share by concentrating on both new and existing stores. Its profit has advanced through an aggressive store expansion strategy, enabling better availability of parts to its customers. In 2011, the company opened 104 stores. Further, it has projected to open 120-140 stores during 2012.
However, sluggish economy and volatile gasoline prices are some of the factors raising our concern about Advance Auto Parts' performance in the near term. The slow economy and uncertainty in the market are forcing consumers to refrain from expenditures, such as purchases of replacement parts. Pricing remains an issue as Advance Auto Parts competes with other national and regional automotive retailers such as AutoZone ( AZO ), O'Reilly Automotive ( ORLY ) and Pep Boys ( PBY ).
Advance Auto Parts Inc. reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. The profit exceeded the Zacks Consensus Estimate by a considerable margin of 16 cents per share.
Sales in the quarter grew 4.5% to $1.33 billion from $1.27 billion in the fourth quarter of fiscal 2010. The increase in sales reflects the net addition of 99 new stores during the past 12 months and a comparable store sales gain of 2.9% compared with 8.9% during the fourth quarter of fiscal 2010.
However, the company's gross margin deteriorated 39 basis points to 49% from 49.4% in the fourth quarter of fiscal 2010. The decline was attributable to higher supply chain expenses due to investments in hub stores and increased shrink expenses.
Advance Auto Parts anticipates earnings in the range of $5.55 to $5.75 per share for 2012 compared with $5.12 per share in 2011. The company also expects comparable store sales gain of low to mid single digits.
Due to the commendable results and higher earnings guidance, the company retains a Zacks #2 Rank, which translates to a "Buy" rating for the short-term (1 to 3 months).
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
PEP BOYS M M &J ( PBY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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We continue to recommend the shares of Advance Auto Parts ( AAP ) as "Neutral" for the long-term (more than 6 months). ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. Advance Auto is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. We continue to recommend the shares of Advance Auto Parts ( AAP ) as "Neutral" for the long-term (more than 6 months). Pricing remains an issue as Advance Auto Parts competes with other national and regional automotive retailers such as AutoZone ( AZO ), O'Reilly Automotive ( ORLY ) and Pep Boys ( PBY ).
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. We continue to recommend the shares of Advance Auto Parts ( AAP ) as "Neutral" for the long-term (more than 6 months). Advance Auto Parts Inc. reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011.
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We continue to recommend the shares of Advance Auto Parts ( AAP ) as "Neutral" for the long-term (more than 6 months). ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. In 2011, the company opened 104 stores.
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11995.0
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2012-04-02 00:00:00 UTC
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Defensive Stocks to Help Protect From a Market Decline
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AAP
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https://www.nasdaq.com/articles/defensive-stocks-help-protect-market-decline-2012-04-02
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nan
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nan
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Ever since the 2008 market collapse and financial crisis, many investors have been suffering from a fear of heights. Whenever the market goes on a nice upward run, they get fearful -- very fearful -- with the still-fresh scars of the '08 crash leading them to think that what goes up will certainly come down.
That's what seems to be happening right now. With the market having a very strong first quarter, fears have arisen that things have been too good, and that sentiment has become overly bullish.
I for one don't think it has. Valuations remain reasonable, and the gains in the market have been accompanied by some very real, significant improvements in the economy. New claims for unemployment have continued to fall lower and lower over the past three months, as have continuing claims. The manufacturing and service sectors have both continued to expand during the quarter, retail sales continue to grow, and the S&P 500 still trades for about 14.6 times trailing 12-month operating earnings and 16.2 times trailing 12-month as-reported earnings.
Still, given the market's rise and the lingering scars of 2008, it's tempting at times like these to take the profits and bail on stocks. But keep in mind that trying to time the market is a dangerous game, and numerous studies show that most investors fail when they try to do it. If you really need to calm your nerves, however, I think a better option than bailing on the market altogether is to simply switch to some more defensive areas. That way you give yourself some downside protection, but you also stay exposed to stocks and can capture a good amount of the market's gains if stocks continue to flourish.
With that in mind, I recently use my Guru Strategies -- each of which is based on the approach of a different investing great -- to look for some fundamentally strong stocks in more defensive sectors of the market. I found a number of intriguing plays; below are some the best of the bunch. These are the sort of stocks that should allow you to stay in the market, without staying up all night worrying about your portfolio.
Xcel Energy Inc. ( XEL ): Utilities are traditionally a very defensive sector, and my James O'Shaughnessy-inspired growth model is finding a lot to like about this Minnesota-based electric and natural gas utility, which has operations in 8 Western and Midwestern states. The O'Shaughnessy growth approach looks for companies that have upped earnings per share in each year of the past half-decade, which Xcel ($13 billion market cap) has done, and which have a key combination of variables: a high 12-month relative strength, which is a sign that the market is embracing the stock, and a low price/sales ratio, which is a sign it hasn't gotten too pricey. Xcel has a very reasonable 1.2 P/S ratio, and a solid relative strength of 74, so it makes the grade.
Molson Coors Brewing Company ( TAP ): This Denver-based brewer makes some of the world's most popular beers, including Coors Light, Heineken, Amstel, Molson, and Carling. The $8.1-billion-market-cap firm is a favorite of my Peter Lynch-inspired strategy, which considers it a "stalwart" -- the type of big, steady company Lynch found offered protection in tough times. (And, let's face it, when times get tough, people still find a way to buy beer.)
Lynch famously used the P/E-to-Growth ratio to find growth stocks selling on the cheap, and for stalwarts he added dividend yield to the growth portion of the equation. When we divide Molson's 12.4 P/E by the sum of its 12.3% long-term growth rate (I use an average of the three-, four-, and five-year EPS growth rates to determine a long-term rate) and dividend yield (2.8%), we get a yield-adjusted P/E/G of 0.82. That comes in comfortably below this model's 1.0 upper limit, sign that it's a bargain.
Advance Auto Parts, Inc. ( AAP ): An auto parts business like Virginia-based Advance ($6.4 billion market cap) can help you play defense because when times get tough, people are more likely to fix up their existing cars than buy new ones. And Advance did well during the Great Recession, upping EPS in both 2008 and 2009 -- in fact, it has increased earnings in every year of the past decade. It's a favorite of my Lynch-based model, which likes the firm's 22.6% long-term growth rate and 0.76 P/E/G ratio. My O'Shaughnessy growth model also likes Advance's history of persistent earnings growth, as well as its combination of a 1.04 price/sales ratio and 90 relative strength.
The TJX Companies ( TJX ): The parent of discount retailers T.J. Maxx and Marshalls, Massachusetts-based TJX ($30 billion market cap) fared very well during the Great Recession as consumers flocked toward bargains. It's continued to do well during the recovery, and has upped EPS in each year of the past decade, part of the reason my Warren Buffett-based model is high on it. A couple more reasons: The firm has enough annual earnings that it could, if need be, pay off all its debts in less than a year, and it has averaged a 37.7% return on equity over the past decade.
TJX also gets strong interest from my Lynch-based model, which likes its 21.5% long-term growth rate and 0.94 P/E/G, and my O'Shaughnessy-based growth approach, which likes the stock's combination of a 1.28 price/sales ratio and 94 relative strength.
Johnson & Johnson ( JNJ ): The diversified healthcare giant had a rough fourth quarter, barely eking out a profit amid the fallout from several product recalls. But it still upped revenues for the period -- and it has a lengthy history of success and still boasts a number of strong brand names. Healthcare firms often provide defensive protection to a portfolio, and my O'Shaughnessy-based value model thinks JNJ is a good bet. It looks for large firms with strong cash flows and solid dividend yields, and JNJ fits the bill. It has a $180 billion market cap and more than $65 billion in trailing 12-month sales; $4.66 in cash flow per share, more than three times the market average; and a solid 3.5% dividend yield.
I'm long TJX and AAP.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts, Inc. ( AAP ): An auto parts business like Virginia-based Advance ($6.4 billion market cap) can help you play defense because when times get tough, people are more likely to fix up their existing cars than buy new ones. I'm long TJX and AAP. With that in mind, I recently use my Guru Strategies -- each of which is based on the approach of a different investing great -- to look for some fundamentally strong stocks in more defensive sectors of the market.
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Advance Auto Parts, Inc. ( AAP ): An auto parts business like Virginia-based Advance ($6.4 billion market cap) can help you play defense because when times get tough, people are more likely to fix up their existing cars than buy new ones. I'm long TJX and AAP. TJX also gets strong interest from my Lynch-based model, which likes its 21.5% long-term growth rate and 0.94 P/E/G, and my O'Shaughnessy-based growth approach, which likes the stock's combination of a 1.28 price/sales ratio and 94 relative strength.
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Advance Auto Parts, Inc. ( AAP ): An auto parts business like Virginia-based Advance ($6.4 billion market cap) can help you play defense because when times get tough, people are more likely to fix up their existing cars than buy new ones. I'm long TJX and AAP. The O'Shaughnessy growth approach looks for companies that have upped earnings per share in each year of the past half-decade, which Xcel ($13 billion market cap) has done, and which have a key combination of variables: a high 12-month relative strength, which is a sign that the market is embracing the stock, and a low price/sales ratio, which is a sign it hasn't gotten too pricey.
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Advance Auto Parts, Inc. ( AAP ): An auto parts business like Virginia-based Advance ($6.4 billion market cap) can help you play defense because when times get tough, people are more likely to fix up their existing cars than buy new ones. I'm long TJX and AAP. The O'Shaughnessy growth approach looks for companies that have upped earnings per share in each year of the past half-decade, which Xcel ($13 billion market cap) has done, and which have a key combination of variables: a high 12-month relative strength, which is a sign that the market is embracing the stock, and a low price/sales ratio, which is a sign it hasn't gotten too pricey.
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11996.0
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2012-03-15 00:00:00 UTC
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AutoZone Enhances Stock Buyback - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-enhances-stock-buyback-analyst-blog-2012-03-15
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nan
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nan
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AutoZone Inc. ( AZO ) announced that its Board of Directors authorized the repurchase of $750 million of the company's common stock in addition to its existing share repurchase program.
The company's Board last increased the share repurchase authorization by the same amount in September last year. Since the inception of the repurchase program in 1998, the company has authorized share repurchase worth $11.9 billion, including the above amount.
AutoZone, a Zacks #2 Rank (Buy) company, recorded a 24% increase in profit to $4.15 per share in the second quarter of fiscal year ended February 11, 2012 from $3.34 per share in the year-ago quarter. The profit exceeded the Zacks Consensus Estimate by 11 cents per share. In absolute terms, profits went up 13% to $166.9 million during the quarter from $148.1 million in the second quarter of the prior fiscal year.
Sales in the quarter rose 9% to $1.8 billion, which was in line with the Zacks Consensus Estimate. Domestic same store sales (sales for stores open at least one year) increased 5.9% during the quarter.
During the quarter, AutoZone repurchased 501 thousand shares of its common stock for $173 million, reflecting an average price of $345. At the end of the quarter, the company had $486 million worth of shares remaining under its current share repurchase authorization.
AutoZone is one of the nation's leading specialty retailers of automotive replacement parts and accessories, operating in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) commercial and other customer markets. It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits during their last reported quarters.
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits during their last reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's Board last increased the share repurchase authorization by the same amount in September last year.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits during their last reported quarters. Since the inception of the repurchase program in 1998, the company has authorized share repurchase worth $11.9 billion, including the above amount.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits during their last reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) announced that its Board of Directors authorized the repurchase of $750 million of the company's common stock in addition to its existing share repurchase program.
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It competes with O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ), both of which have posted an impressive rise in profits during their last reported quarters. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) announced that its Board of Directors authorized the repurchase of $750 million of the company's common stock in addition to its existing share repurchase program.
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11997.0
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2012-02-28 00:00:00 UTC
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AutoZone Beats, Opens 35 Stores - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/autozone-beats-opens-35-stores-analyst-blog-2012-02-28
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nan
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nan
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AutoZone Inc. ( AZO ) recorded a 24% increase in profit to $4.15 per share in the second quarter of fiscal year ended February 11, 2012 from $3.34 per share in the year-ago quarter. The profit exceeded the Zacks Consensus Estimate by 11 cents per share.
In absolute terms, profits went up 13% to $166.9 million during the quarter from $148.1 million in the second quarter of prior fiscal year.
Sales in the quarter rose 9% to $1.8 billion, which was in line with the Zacks Consensus Estimate. Domestic same store sales (sales for stores open at least one year) increased 5.9% during the quarter.
Gross margin increased to 51.3% from 50.9% in the last year's quarter led by lower shrink expense (35 basis points). Operating expenses, as a percentage of sales, were 34.7% versus 34.6% in the prior fiscal year due to higher self insurance costs (59 basis points), partially offset by leverage of other operating expenses due to higher sales volumes.
Store Openings and Inventory
During the quarter, AutoZone opened 29 new stores in the U.S. and opened 6 new stores in Mexico. As of February 11, 2012, the company had 4,580 stores in 48 states, the District of Columbia and Puerto Rico in the U.S. and 287 stores in Mexico for a total store count of 4,867.
AutoZone's inventory rose 6.6% from the last year, driven by an increase in store count and continued strategic investments in hard parts assortment. Inventory per store increased 2.3% to $530 thousand from $517 thousand in the second quarter of fiscal 2011.
Share Repurchase
Under the current share repurchase program, AutoZone repurchased 501 thousand shares of its common stock for $173 million during the quarter, reflecting an average price of $345. At the end of the quarter, the company had $486 million worth of shares remaining under its current share repurchase authorization.
Financial Position
AutoZone had cash and cash equivalents of $103.2 million as of February 11, 2012, up from $107.9 million February 12, 2011. Total debt amounted to $3.5 billion as of February 11, 2012 compared with $3.2 billion as of February 12, 2011. The company had a stockholder deficit of $1.3 billion as of February 11, 2012; up significantly from the year ago level of $1.0 billion.
In the first half of fiscal 2012, AutoZone had net cash flow of $374.2 million before share repurchases and changes in debt versus $362.9 million in the same period of 2011. Meanwhile, capital spending increased to $132.4 million from $108.4 million a year ago.
Our Take
AutoZone is focused on expansion of its Hub store, acceleration of store maintenance and strengthening of its commercial sales force. Besides, its aggressive share repurchase policy, supported by a strong cash flow, is also worth mentioning.
However, AutoZone relies heavily on its private label brands, which could hinder its business should they falter. Vendor consolidation and appreciation in gas prices coupled with fierce competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) are primary headwinds for the company.
However, depending on the improving near-term outlook, the company retains a Zacks #2 Rank on its stock, which translates into a Buy" rating for the short-term (1 to 3 months).
Peer Performance
Both of AutoZone's peers, O'Reilly and Advance Auto Partsshowed impressive performance during the recent quarter.O'Reilly posted a 35% jump in profit to 93 cents per share in the fourth quarter of 2011 from 69 cents per share in the prior-year quarter, surpassing the Zacks Consensus Estimate by 7 cents per share. Adjusted net profit was $121 million compared with $98 million in the fourth quarter of 2010.
On the other hand, Advance Auto reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. The profit exceeded the Zacks Consensus Estimate by a considerable margin of 16 cents per share. The increase in profit was driven by the company's aggressive store expansion strategy, enabling better availability of parts to its customers.
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Vendor consolidation and appreciation in gas prices coupled with fierce competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) are primary headwinds for the company. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone's inventory rose 6.6% from the last year, driven by an increase in store count and continued strategic investments in hard parts assortment.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. Vendor consolidation and appreciation in gas prices coupled with fierce competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) are primary headwinds for the company. Share Repurchase Under the current share repurchase program, AutoZone repurchased 501 thousand shares of its common stock for $173 million during the quarter, reflecting an average price of $345.
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Vendor consolidation and appreciation in gas prices coupled with fierce competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) are primary headwinds for the company. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) recorded a 24% increase in profit to $4.15 per share in the second quarter of fiscal year ended February 11, 2012 from $3.34 per share in the year-ago quarter.
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Vendor consolidation and appreciation in gas prices coupled with fierce competition from O'Reilly Automotive Inc. ( ORLY ) and Advance Auto Parts Inc. ( AAP ) are primary headwinds for the company. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report To read this article on Zacks.com click here. AutoZone Inc. ( AZO ) recorded a 24% increase in profit to $4.15 per share in the second quarter of fiscal year ended February 11, 2012 from $3.34 per share in the year-ago quarter.
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11998.0
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2012-02-23 00:00:00 UTC
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Advance Auto Profits Up 58% - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/advance-auto-profits-up-58-analyst-blog-2012-02-23
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nan
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nan
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Advance Auto Parts Inc. ( AAP ) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. The profit exceeded the Zacks Consensus Estimate by a considerable margin of 16 cents per share. The increase in profit was driven by the company's aggressive store expansion strategy, enabling better availability of parts to its customers.
Sales in the quarter grew 4.5% to $1.33 billion from $1.27 billion in the fourth quarter of fiscal 2010. The increase in sales reflects the net addition of 99 new stores during the past 12 months and a comparable store sales gain of 2.9% compared with 8.9% during the fourth quarter of fiscal 2010.
However, the company's gross margin deteriorated 39 basis points to 49% from 49.4% in the fourth quarter of fiscal 2010. The decline was attributable to higher supply chain expenses due to investments in hub stores and increased shrink expenses.
The company's selling, general and administrative (SG&A) rate fell 221 basis points to 40.6% of sales from 42.8% a year ago. The decrease was driven by productivity improvements from the company's variable customer-driven labor model, occupancy cost leverage and a significant decrease in overall administrative costs. These were partially offset by continued strategic investments in support of the company's Service Leadership and Superior Availability strategies.
Operating income rose 33.3% to $111.9 million (8.4% of sales) from $83.9 million (6.6%) in the year-ago period. Operating income per store increased to $184 from $168 in the corresponding quarter of fiscal 2010.
Annual Results
For fiscal 2011, Advance Auto Parts recorded a 29% rise in profit to $5.11 per share from $3.95 per share in the prior fiscal year. Sales in the year rose 4% to $6.2 billion, reflecting comparable store sales gain of 2.2% from $5.9 billion or comparable store sales gain of 8.0% in the prior fiscal year.
Gross margin dipped 24 basis points to 49.7% from the prior fiscal year. The company's SG&A rate fell 114 basis points to 39.0% versus 40.1% in fiscal 2010. The company's operating margin increased 90 basis points to 10.8% compared with fiscal 2010.
Store Openings
During the quarter, Advance Auto Parts opened 19 stores, closed 1 Advance store and 1 Autopart International store. In fiscal 2011, the company has opened 104 stores, including 9 Autopart International stores, and closed 4 Advance stores and 1 Autopart International store. As of December 31, 2011, the company's total store count was 3,662, including 202 Autopart International stores.
Share Repurchase
During fiscal 2011, Advance Auto Parts repurchased 9.9 million shares of its common stock for $609.7 million, reflecting an average price of $61.51. At the end of the fourth quarter of fiscal 2011, the company had $200.0 million remaining under the $300.0 million share repurchase authorization approved by the Board of Directors in August 2011.
Financials
Advance Auto Parts had cash and cash equivalents of $57.9 million as of December 31, 2011 compared with $59.2 million as of January 1, 2011. Long-term debt stood at $416.0 million as of December 31, 2011, reflecting a long-term debt-to-capitalization ratio of 33%.
In the 52-week period ended December 31, 2011, operating cash flow improved to $828.9 million from $666.2 million in the year-ago period. Capital expenditures (net) increased to $266.8 million from $199.3 million a year ago. As a result, free cash flow rose 9% to $507.2 million from $466.4 million a year ago.
Fiscal 2011 Guidance
For fiscal 2012, Advance Auto Parts anticipates earnings in the range of $5.55 to $5.75 per share, assuming an average diluted share count of 74 million. The company also expects comparable store sales gain of low to mid single digits.
The automotive retailer has projected to open 120-140 stores during the year. This includes 110-120 Advance Auto Parts stores and 10-20 Autopart International stores.
Capital expenditures are expected to lie in the range of $275 million to $300 million. Meanwhile, the company expects to generate free cash flow of at least $400 million for the fiscal year.
Advance Auto Parts, Inc. operates in the U.S. automotive aftermarket industry and is primarily engaged in selling replacement parts (excluding tires), accessories, maintenance items, batteries and automotive fluids for cars and light trucks.
The company is the second leading retailer catering to the DIY and DIFM (or Commercial) customers. It competes with AutoZone Inc. ( AZO ), O'Reilly Automotive Inc. ( ORLY ) and Pep Boys-Manny, Moe & Jack ( PBY ).
Based on the improved results and guidance, the company retains Zacks #2 Rank on its stock, which translates into a short-term (1-3 months) rating of Buy.
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
O REILLY AUTO ( ORLY ): Free Stock Analysis Report
PEP BOYS M M &J ( PBY ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Advance Auto Parts Inc. ( AAP ) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. The increase in profit was driven by the company's aggressive store expansion strategy, enabling better availability of parts to its customers.
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Advance Auto Parts Inc. ( AAP ) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the year rose 4% to $6.2 billion, reflecting comparable store sales gain of 2.2% from $5.9 billion or comparable store sales gain of 8.0% in the prior fiscal year.
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Advance Auto Parts Inc. ( AAP ) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the year rose 4% to $6.2 billion, reflecting comparable store sales gain of 2.2% from $5.9 billion or comparable store sales gain of 8.0% in the prior fiscal year.
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Advance Auto Parts Inc. ( AAP ) reported a 58% rise in profit to 90 cents per share in the fourth quarter fiscal 2011 ended December 31, 2011 from 57 cents in the comparable quarter ended January 1, 2011. ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report O REILLY AUTO ( ORLY ): Free Stock Analysis Report PEP BOYS M M &J ( PBY ): Free Stock Analysis Report To read this article on Zacks.com click here. The company's operating margin increased 90 basis points to 10.8% compared with fiscal 2010.
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11999.0
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2012-02-21 00:00:00 UTC
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Genuine Parts Tops Estimates - Analyst Blog
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AAP
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https://www.nasdaq.com/articles/genuine-parts-tops-estimates-analyst-blog-2012-02-21
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nan
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nan
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Genuine Parts Company ( GPC ) revealed a 15% rise in profit to 86 cents per share in the fourth quarter of 2011 from 75 cents per share in the same quarter of 2010. The profit per share exceeded the Zacks Consensus Estimate by 3 cents.
In absolute terms, profits rose 14% to $135 million from $119 million in the fourth quarter of 2010. Sales went up 7% to $3.0 billion, which was in line with the Zacks Consensus Estimate.
Sales in the Automotive segment rose 6% to $1.5 billion, Motion Industries or Industrial segment escalated 13% to $1.0 billion, and EIS or Electrical segment grew 10% to $137.6 million. However, S.P. Richards or Office Products Group sales inched down 1% to $391.4 million.
For full year 2011, Genuine Parts reported a 19% increase in profit to $565 million or $3.58 per share from $476 million or $3.00 per share in 2010. The profit was higher than the Zacks Consensus Estimate by tad 2 cents per share. Sales in the year appreciated 11% to $12.5 billion, meeting the Zacks Consensus Estimate.
Sales in the Automotive segment scaled up 8% to $6.1 billion reflecting solid fundamentals in the automotive aftermarket, including the overall aging of the vehicle population. Sales in the Industrial segment rose 19% to $4.2 billion, driven by the company's internal growth initiatives and strength in the manufacturing sector.
Sales in the Office Products Group inched up 3% to $1.7 billion. Meanwhile, sales in the Electrical segment improved 24% to $557.5 million.
Genuine Parts also announced an increase in its annual dividend payment, making 2012 the 56th consecutive year of increased dividends paid to shareholders. The company's Board of Directors announced a 10% increase in cash dividend to an annual rate of $1.98 per share compared with the previous dividend of $1.80 per share. The increased quarterly cash dividend of 49.5 cents per share is payable on April 2, 2012 to shareholders of record as of March 9, 2012.
Genuine Parts had cash and cash equivalents of $525.0 million as of December 31, 2011, a marginal decrease from $530.0 million as of December 31, 2010. Long-term debt remained unchanged at $500 million as of December 31, 2011 compared with the corresponding period a year ago.
In 2011, Genuine Parts' net cash flow from operations declined to $625.0 million from $678.7 million in the prior-year, due to unfavorable changes in operating assets and liabilities. Meanwhile, capital expenditures increased to $103.5 million from $85.4 million in 2010.
Genuine Parts has undertaken various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top-line and bottom-line growth. Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ).
Currently, the company retains a Zacks #2 Rank on its stock, which translates to a "Buy" rating for the short term (1-3 months).
ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report
AUTOZONE INC ( AZO ): Free Stock Analysis Report
GENUINE PARTS ( GPC ): Free Stock Analysis Report
GRAINGER W W ( GWW ): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report GENUINE PARTS ( GPC ): Free Stock Analysis Report GRAINGER W W ( GWW ): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the Industrial segment rose 19% to $4.2 billion, driven by the company's internal growth initiatives and strength in the manufacturing sector.
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Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report GENUINE PARTS ( GPC ): Free Stock Analysis Report GRAINGER W W ( GWW ): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the Automotive segment rose 6% to $1.5 billion, Motion Industries or Industrial segment escalated 13% to $1.0 billion, and EIS or Electrical segment grew 10% to $137.6 million.
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ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report GENUINE PARTS ( GPC ): Free Stock Analysis Report GRAINGER W W ( GWW ): Free Stock Analysis Report To read this article on Zacks.com click here. Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). Sales in the Automotive segment rose 6% to $1.5 billion, Motion Industries or Industrial segment escalated 13% to $1.0 billion, and EIS or Electrical segment grew 10% to $137.6 million.
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Its major competitors include Advance Auto Parts ( AAP ), AutoZone ( AZO ) and W.W. Grainger ( GWW ). ADVANCE AUTO PT ( AAP ): Free Stock Analysis Report AUTOZONE INC ( AZO ): Free Stock Analysis Report GENUINE PARTS ( GPC ): Free Stock Analysis Report GRAINGER W W ( GWW ): Free Stock Analysis Report To read this article on Zacks.com click here. Sales in the Automotive segment rose 6% to $1.5 billion, Motion Industries or Industrial segment escalated 13% to $1.0 billion, and EIS or Electrical segment grew 10% to $137.6 million.
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