Amazon.com Forecasted to Earn Q1 2018 Earnings of $1.17 Per Share (AMZN)

Amazon.com (NASDAQ:AMZN) – Equities research analysts at KeyCorp lifted their Q1 2018 earnings per share estimates for shares of Amazon.com in a research report issued on Monday, April 23rd. KeyCorp analyst E. Yruma now anticipates that the e-commerce giant will post earnings per share of $1.17 for the quarter, up from their prior forecast of $1.07. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Amazon.com’s Q2 2018 earnings at $1.36 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $5.29 EPS, FY2018 earnings at $9.01 EPS and FY2019 earnings at $13.51 EPS.

A number of other research analysts have also commented on the stock. JPMorgan Chase restated a “buy” rating and set a $1,385.00 price target (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. Wolfe Research upgraded shares of Amazon.com from a “peer perform” rating to an “outperform” rating in a research report on Friday, February 23rd. UBS upped their target price on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on shares of Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Barclays reiterated an “overweight” rating and issued a $1,580.00 target price on shares of Amazon.com in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has given a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and an average target price of $1,507.08.

AMZN opened at $1,517.96 on Wednesday. The firm has a market cap of $708,099.50, a PE ratio of 333.62, a PEG ratio of 6.30 and a beta of 1.59. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. Amazon.com has a one year low of $912.11 and a one year high of $1,617.54.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 25th. The e-commerce giant reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $1.47. The firm had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS.

Several large investors have recently modified their holdings of AMZN. Whitnell & Co. increased its position in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC increased its position in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Amazon.com during the fourth quarter valued at about $108,000. Portfolio Solutions LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $119,000. Finally, Santori & Peters Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $121,000. 60.24% of the stock is owned by hedge funds and other institutional investors.

In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the transaction, the director now directly owns 14,159 shares of the company’s stock, valued at $21,238,500. The disclosure for this sale can be found here. Insiders sold 6,214 shares of company stock valued at $9,251,120 over the last three months. 17.70% of the stock is currently owned by insiders.

About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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