Stocks: Brokers Set Expectations for Amazon.com, Inc.’s FY2017 Earnings (AMZN)

Stocks: Brokers Set Expectations for Amazon.com, Inc.’s FY2017 Earnings (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Cantor Fitzgerald dropped their FY2017 earnings per share estimates for Amazon.com in a report issued on Tuesday. Cantor Fitzgerald analyst N. Khan now forecasts that the e-commerce giant will post earnings of $6.20 per share for the year, down from their previous estimate of $8.51. Cantor Fitzgerald has a “Buy” rating and a $970.00 price target on the stock. Cantor Fitzgerald also issued estimates for Amazon.com’s FY2018 earnings at $11.77 EPS and FY2019 earnings at $20.58 EPS.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.45. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The company had revenue of $35.71 billion during the quarter, compared to the consensus estimate of $35.31 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis.

Several other brokerages have also recently commented on AMZN. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, May 2nd. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $984.84 price objective for the company in a research note on Tuesday, May 2nd. MKM Partners reiterated a “buy” rating and set a $1,095.00 target price (up from $995.00) on shares of Amazon.com in a research report on Monday. Barclays PLC reiterated an “overweight” rating and set a $1,120.00 target price on shares of Amazon.com in a research report on Friday, April 28th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Friday, April 28th. Four analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $999.62.

Shares of Amazon.com (NASDAQ:AMZN) traded up 1.277% during mid-day trading on Friday, hitting $959.725. 2,156,269 shares of the stock were exchanged. The stock’s 50-day moving average is $902.97 and its 200-day moving average is $827.30. The stock has a market capitalization of $458.72 billion, a price-to-earnings ratio of 180.739 and a beta of 1.40. Amazon.com has a 52 week low of $682.12 and a 52 week high of $960.61.

In other news, Director Tom A. Alberg sold 735 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $952.80, for a total transaction of $700,308.00. Following the completion of the transaction, the director now directly owns 21,120 shares in the company, valued at approximately $20,123,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Zapolsky sold 503 shares of the stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $850.00, for a total value of $427,550.00. Following the transaction, the insider now owns 2,523 shares of the company’s stock, valued at $2,144,550. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,003,003 shares of company stock valued at $943,477,487. Insiders own 17.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. OLD Second National Bank of Aurora increased its position in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. Ibex Wealth Advisors purchased a new position in Amazon.com during the fourth quarter worth approximately $113,000. Jacobus Wealth Management Inc. purchased a new position in Amazon.com during the first quarter worth approximately $113,000. Patriot Financial Group Insurance Agency LLC increased its position in Amazon.com by 46.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 126 shares of the e-commerce giant’s stock worth $115,000 after buying an additional 40 shares in the last quarter. Finally, Lipe & Dalton purchased a new position in Amazon.com during the first quarter worth approximately $124,000. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Amazon.com Company Profile

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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