|Ask||220.00 x 100|
|Day's Range||165.92 - 169.70|
|52 Week Range||160.29 - 262.71|
|PE Ratio (TTM)||16.97|
|Dividend & Yield||5.12 (3.03%)|
|1y Target Est||N/A|
The company is due to announce earnings after the market closes July 27, and the top line is expected to come in at $37.2 billion, up 23% from a year ago, with net income of $1.40 per share and hints of more. If the future for Amazon stock looked any better it would have to wear shades. Analyst Scott Cleland says Amazon is behaving like a monopolist and he predicts its acquisition of Whole Foods Market, Inc. (NASDAQ:WFM) will attract “serious antitrust scrutiny.” One Congressman has called for hearings. Amazon bulls are holding their ears against potential bad news today just as bears ignored good news four years ago.
The company's commerce site focused on businesses is raking in revenues and growing at a fast clip.
Amazon launched a business marketplace called Amazon Business just two years ago. It already has over 1 million business customers.