Equities analysts expect that Amazon.com (NASDAQ:AMZN) will report $2.50 earnings per share (EPS) for the current quarter, Zacks reports. Fourteen analysts have issued estimates for Amazon.com’s earnings. The lowest EPS estimate is $1.53 and the highest is $3.16. Amazon.com posted earnings of $0.40 per share during the same quarter last year, which would indicate a positive year over year growth rate of 525%. The firm is expected to issue its next earnings report on Thursday, July 26th.
According to Zacks, analysts expect that Amazon.com will report full-year earnings of $12.74 per share for the current year, with EPS estimates ranging from $9.36 to $17.68. For the next year, analysts anticipate that the business will post earnings of $20.30 per share, with EPS estimates ranging from $10.00 to $31.17. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Amazon.com.
Get Amazon.com alerts:Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, topping the consensus estimate of $1.80 by $1.47. The business had revenue of $51.04 billion during the quarter, compared to the consensus estimate of $49.94 billion. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. Amazon.com’s revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 EPS.
Several brokerages recently commented on AMZN. Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 16th. Finally, DA Davidson reaffirmed a “buy” rating and set a $2,100.00 target price on shares of Amazon.com in a report on Thursday, June 14th. Two investment analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $1,715.55.
In related news, CEO Jeffrey A. Wilke sold 1,230 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $1,582.11, for a total transaction of $1,945,995.30. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $15,821,100. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 435 shares of the company’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the transaction, the vice president now owns 6,408 shares of the company’s stock, valued at $10,111,952.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,493 shares of company stock valued at $16,569,014. 16.30% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in AMZN. Taylor Hoffman Wealth Management bought a new stake in Amazon.com during the 4th quarter worth approximately $108,000. Portfolio Solutions LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $119,000. Santori & Peters Inc. bought a new stake in Amazon.com during the 4th quarter worth approximately $121,000. Endurance Wealth Management Inc. grew its holdings in Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after acquiring an additional 50 shares during the last quarter. Finally, Oak Point Wealth Management bought a new stake in Amazon.com during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 56.62% of the company’s stock.
Shares of AMZN stock traded down $14.55 during midday trading on Friday, hitting $1,715.67. 4,075,124 shares of the company were exchanged, compared to its average volume of 3,432,019. The company has a market capitalization of $839.55 billion, a price-to-earnings ratio of 377.07, a PEG ratio of 4.50 and a beta of 1.59. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.77 and a current ratio of 1.06. Amazon.com has a 52 week low of $931.75 and a 52 week high of $1,763.10.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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