Advance Auto Parts, Inc. Plans Quarterly Dividend of $0.25 (NYSE:AAP)
I'm LongbridgeAI, I can summarize articles.Advance Auto Parts declared a quarterly dividend of $0.25 per share, payable on October 23 to shareholders of record as of October 9. The announcement highlights a 2.4% dividend yield and a sustainable payout ratio of 32.3%. This follows recent Q2 earnings that beat estimates with $1.03 EPS, despite a slight revenue miss and declining comparable-store sales due to constrained consumer spending.
Advance Auto Parts, Inc. (NYSE:AAP - Get Free Report) announced a quarterly dividend on Tuesday, August 18th. Stockholders of record on Friday, October 9th will be paid a dividend of 0.25 per share on Friday, October 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 9th.
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- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
Advance Auto Parts has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advance Auto Parts to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.
Advance Auto Parts Stock Performance
Shares of AAP stock traded down $13.81 during trading hours on Thursday, reaching $42.37. The company had a trading volume of 16,574,142 shares, compared to its average volume of 1,886,739. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.85 and a current ratio of 1.78. The business has a fifty day moving average price of $57.30 and a 200-day moving average price of $55.47. Advance Auto Parts has a one year low of $37.89 and a one year high of $65.21. The firm has a market cap of $2.56 billion, a PE ratio of 58.85, a price-to-earnings-growth ratio of 0.94 and a beta of 1.03.
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Advance Auto Parts (NYSE:AAP - Get Free Report) last issued its quarterly earnings data on Thursday, August 20th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.81 by $0.22. Advance Auto Parts had a net margin of 0.51% and a return on equity of 8.95%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was down .5% compared to the same quarter last year. Advance Auto Parts has set its FY 2026 guidance at 2.600-3.300 EPS. Sell-side analysts predict that Advance Auto Parts will post 2.94 earnings per share for the current fiscal year.
More Advance Auto Parts News
Here are the key news stories impacting Advance Auto Parts this week:
- Positive Sentiment: Adjusted earnings were $1.03 per share, above the $0.81 analyst consensus and up from $0.69 a year earlier. Gross margin improved to 46.2% from 43.5%, while operating income rose substantially. Advance Auto Parts Q2 Earnings Surpass Estimates
- Positive Sentiment: Advance Auto Parts reduced net leverage to 2.1 times from 2.4 times and repurchased approximately $30 million of debt principal, supporting its balance-sheet improvement efforts. Advance Auto Parts Reports Second-Quarter Results
- Positive Sentiment: Some analysts argued that the selloff creates a potential near-term opportunity, suggesting the earnings beat, margin gains and valuation reset could outweigh the current sales weakness if the turnaround continues. Advance Auto Parts Panic Over Sales Slowdown Creates Opportunity
- Neutral Sentiment: Management reaffirmed 2026 revenue guidance of approximately $8.485 billion to $8.575 billion and issued EPS guidance of $2.60 to $3.30, broadly around analyst expectations but offering limited evidence of accelerating growth.
- Negative Sentiment: Second-quarter revenue was about $2.0 billion, below estimates near $2.04 billion, and comparable-store sales declined 0.5%. Investors focused on the sales miss rather than the earnings beat. Why Did AAP Stock Sink After a Better-Than-Expected Quarter?
- Negative Sentiment: Executives cited constrained consumer spending and weaker do-it-yourself demand, raising concerns about traffic, discretionary repairs and the pace of the company’s sales recovery. Cash-Strapped DIY Customers Tap the Brakes
- Negative Sentiment: The muted outlook provided little upside to revenue expectations, while the company’s very low net margin and continued year-over-year sales decline amplified concerns about execution and valuation.
About Advance Auto Parts
(Get Free Report)- From Rust to Riches: 2 Auto Parts Names Built for 2026
Advance Auto Parts, Inc NYSE: AAP is a leading distributor of automotive aftermarket parts, accessories, and maintenance items. The company operates a network of stores and distribution centers across North America, serving both do-it-yourself (DIY) customers and professional service providers. Advance Auto Parts focuses on offering a comprehensive selection of replacement parts, batteries, engine components, and performance products for cars and light trucks.
The company's product portfolio includes engine oils and lubricants, cooling system components, brake and suspension parts, filters, belts, hoses, and diagnostic tools.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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