Equities analysts expect Amazon.com, Inc. (NASDAQ:AMZN) to report sales of $59.59 billion for the current quarter, according to Zacks. Twelve analysts have issued estimates for Amazon.com’s earnings, with the highest sales estimate coming in at $60.10 billion and the lowest estimate coming in at $58.30 billion. Amazon.com posted sales of $51.04 billion in the same quarter last year, which indicates a positive year over year growth rate of 16.8%. The company is scheduled to announce its next earnings report on Thursday, April 25th.
According to Zacks, analysts expect that Amazon.com will report full-year sales of $275.58 billion for the current fiscal year, with estimates ranging from $268.70 billion to $284.95 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $323.72 billion, with estimates ranging from $316.36 billion to $332.80 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Amazon.com.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The firm had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. During the same quarter in the previous year, the business earned $2.16 EPS.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at $18,111,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the company’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the completion of the transaction, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. Insiders sold 7,075 shares of company stock worth $11,802,708 in the last three months. 16.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in Amazon.com by 3.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock valued at $109,373,000 after buying an additional 1,599 shares in the last quarter. Ironwood Investment Counsel LLC increased its holdings in Amazon.com by 39.7% in the third quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock valued at $1,071,000 after buying an additional 152 shares in the last quarter. Panagora Asset Management Inc. increased its holdings in Amazon.com by 2.3% in the third quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock valued at $896,433,000 after buying an additional 10,119 shares in the last quarter. Spirit of America Management Corp NY purchased a new position in Amazon.com in the third quarter valued at about $110,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in Amazon.com in the third quarter valued at about $252,000. Institutional investors own 56.09% of the company’s stock.
AMZN stock traded down $0.21 during trading on Thursday, hitting $1,813.98. The stock had a trading volume of 3,436,281 shares, compared to its average volume of 5,135,475. The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The stock has a market cap of $874.71 billion, a price-to-earnings ratio of 90.07, a PEG ratio of 2.12 and a beta of 1.63.
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 third-party sellers through physical stores and online stores.
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