Amazon.com (NASDAQ:AMZN) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $4.61 per share for the quarter.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business had revenue of $72.38 billion for the quarter, compared to analyst estimates of $71.73 billion. During the same period in the previous year, the business posted $2.16 earnings per share. On average, analysts expect Amazon.com to post $27 EPS for the current fiscal year and $40 EPS for the next fiscal year.
Shares of Amazon.com stock opened at $1,864.82 on Thursday. Amazon.com has a 52-week low of $1,307.00 and a 52-week high of $2,050.50. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The stock has a market cap of $907.77 billion, a PE ratio of 92.59, a PEG ratio of 2.22 and a beta of 1.63.
A number of research analysts have recently issued reports on AMZN shares. Royal Bank of Canada reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, January 25th. Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 price objective (down previously from $2,400.00) on shares of Amazon.com in a report on Friday, February 1st. BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a report on Saturday, December 22nd. Benchmark decreased their price objective on shares of Amazon.com from $2,100.00 to $2,000.00 and set a “buy” rating on the stock in a report on Wednesday, January 30th. Finally, Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 price objective on the stock in a report on Monday, December 31st. Four equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $2,139.02.
In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $16,146,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total transaction of $3,622,280.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $18,111,400. The disclosure for this sale can be found here. Insiders have sold 7,075 shares of company stock worth $11,802,708 in the last three months. Insiders own 16.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. HC Financial Advisors Inc. boosted its position in Amazon.com by 22.6% during the third quarter. HC Financial Advisors Inc. now owns 315 shares of the e-commerce giant’s stock worth $631,000 after acquiring an additional 58 shares during the last quarter. Kentucky Retirement Systems acquired a new stake in Amazon.com during the third quarter worth approximately $12,207,000. Clarus Wealth Advisors boosted its position in Amazon.com by 7.7% during the fourth quarter. Clarus Wealth Advisors now owns 487 shares of the e-commerce giant’s stock worth $731,000 after acquiring an additional 35 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Amazon.com by 31.1% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 11,208 shares of the e-commerce giant’s stock worth $16,834,000 after acquiring an additional 2,657 shares during the last quarter. Finally, Abacus Planning Group Inc. boosted its position in Amazon.com by 7.0% during the fourth quarter. Abacus Planning Group Inc. now owns 6,653 shares of the e-commerce giant’s stock worth $9,993,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 56.11% of the company’s stock.
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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 third-party sellers through physical stores and online stores.
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