Wall Street analysts expect that AutoZone, Inc. (NYSE:AZO) will report earnings per share of $13.04 for the current quarter, Zacks reports. Nine analysts have provided estimates for AutoZone’s earnings. The lowest EPS estimate is $12.44 and the highest is $13.69. AutoZone posted earnings of $11.44 per share in the same quarter last year, which indicates a positive year over year growth rate of 14%. The business is expected to issue its next earnings report on Tuesday, May 22nd.
According to Zacks, analysts expect that AutoZone will report full year earnings of $49.00 per share for the current year, with EPS estimates ranging from $46.57 to $51.45. For the next year, analysts forecast that the business will report earnings of $57.24 per share, with EPS estimates ranging from $54.22 to $61.92. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow AutoZone.
AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $8.47 EPS for the quarter, missing analysts’ consensus estimates of $8.81 by ($0.34). AutoZone had a negative return on equity of 85.64% and a net margin of 12.00%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same period last year, the firm earned $7.75 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis.
A number of brokerages recently commented on AZO. Morgan Stanley decreased their price objective on AutoZone from $800.00 to $750.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 28th. Citigroup decreased their price objective on AutoZone from $820.00 to $790.00 and set a “buy” rating for the company in a research note on Thursday, March 1st. Wedbush reaffirmed a “neutral” rating and set a $670.00 price objective (down from $720.00) on shares of AutoZone in a research note on Wednesday, February 28th. Credit Suisse Group upgraded AutoZone to a “buy” rating and set a $790.00 target price on the stock in a report on Friday, March 2nd. Finally, Jefferies Group reiterated a “hold” rating and set a $720.00 target price on shares of AutoZone in a report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have issued a buy rating to the company. AutoZone currently has an average rating of “Hold” and a consensus price target of $754.28.
Shares of AutoZone (AZO) traded up $4.80 during trading on Monday, hitting $659.40. The company had a trading volume of 388,792 shares, compared to its average volume of 490,378. The company has a current ratio of 0.93, a quick ratio of 0.14 and a debt-to-equity ratio of -3.27. AutoZone has a twelve month low of $491.13 and a twelve month high of $797.89. The firm has a market capitalization of $18,170.00, a PE ratio of 16.06, a PEG ratio of 1.05 and a beta of 0.85.
In other news, insider James C. Griffith sold 1,250 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $794.70, for a total value of $993,375.00. Following the sale, the insider now directly owns 1,353 shares in the company, valued at $1,075,229.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William W. Graves sold 10,500 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $744.78, for a total value of $7,820,190.00. Following the completion of the sale, the insider now owns 12,574 shares in the company, valued at $9,364,863.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,887 shares of company stock worth $14,165,983. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of AutoZone by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 1,301,355 shares of the company’s stock valued at $764,272,000 after purchasing an additional 282,939 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of AutoZone by 4.4% in the third quarter. Nordea Investment Management AB now owns 1,072,553 shares of the company’s stock valued at $638,287,000 after purchasing an additional 45,458 shares in the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of AutoZone by 1.4% in the fourth quarter. Burgundy Asset Management Ltd. now owns 600,471 shares of the company’s stock valued at $427,157,000 after purchasing an additional 8,451 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of AutoZone by 250.1% in the fourth quarter. Millennium Management LLC now owns 446,202 shares of the company’s stock valued at $317,415,000 after purchasing an additional 318,764 shares in the last quarter. Finally, Vulcan Value Partners LLC bought a new stake in shares of AutoZone in the fourth quarter valued at about $291,129,000. Institutional investors own 94.47% of the company’s stock.
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Autozone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of October 27, 2016, the Company operated through 6,029 locations in the United States, Puerto Rico, Mexico and Brazil.
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