Wall Street analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to report $50.15 billion in sales for the current quarter, Zacks Investment Research reports. Thirteen analysts have made estimates for Amazon.com’s earnings, with the lowest sales estimate coming in at $49.10 billion and the highest estimate coming in at $50.70 billion. Amazon.com posted sales of $35.71 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 40.4%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Amazon.com will report full-year sales of $50.15 billion for the current year, with estimates ranging from $231.40 billion to $237.05 billion. For the next financial year, analysts anticipate that the company will post sales of $284.77 billion per share, with estimates ranging from $278.05 billion to $291.62 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Amazon.com.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same quarter last year, the firm earned $1.54 earnings per share. The business’s revenue for the quarter was up 38.2% on a year-over-year basis.
A number of brokerages have weighed in on AMZN. Bank of America reaffirmed a “buy” rating and set a $1,460.00 target price (up previously from $1,220.00) on shares of Amazon.com in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Goldman Sachs Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, January 26th. Wedbush reaffirmed a “buy” rating and set a $1,285.00 target price on shares of Amazon.com in a research note on Monday, January 29th. Oppenheimer reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $1,650.00 price target on shares of Amazon.com in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,463.24.
Amazon.com (NASDAQ:AMZN) opened at $1,537.64 on Wednesday. Amazon.com has a one year low of $833.50 and a one year high of $1,542.13. The firm has a market cap of $737,590.56, a P/E ratio of 250.02, a price-to-earnings-growth ratio of 6.70 and a beta of 1.54. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.
In other news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the transaction, the insider now owns 10,000 shares in the company, valued at approximately $11,603,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 250 shares of Amazon.com stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,264 shares of company stock worth $11,323,672 in the last quarter. Corporate insiders own 17.00% of the company’s stock.
Several institutional investors have recently modified their holdings of AMZN. Whitnell & Co. raised its position in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC raised its position in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares during the period. Taylor Hoffman Wealth Management bought a new stake in shares of Amazon.com during the 4th quarter valued at $108,000. Portfolio Solutions LLC bought a new stake in shares of Amazon.com during the 4th quarter valued at $119,000. Finally, Mountain Capital Investment Advisors Inc bought a new stake in shares of Amazon.com during the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 59.39% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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