Equities research analysts expect that AutoZone, Inc. (NYSE:AZO) will report earnings per share of $15.14 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for AutoZone’s earnings, with estimates ranging from $14.33 to $15.65. AutoZone posted earnings per share of $14.30 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, September 19th.
On average, analysts expect that AutoZone will report full-year earnings of $43.94 per share for the current fiscal year, with EPS estimates ranging from $43.10 to $44.52. For the next financial year, analysts anticipate that the firm will post earnings of $47.50 per share, with EPS estimates ranging from $45.20 to $49.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow AutoZone.
Several research analysts have issued reports on the stock. Bank of America Corporation reiterated a “buy” rating and set a $625.00 target price on shares of AutoZone in a report on Tuesday, September 5th. TheStreet upgraded shares of AutoZone from a “d+” rating to a “c” rating in a report on Wednesday, June 7th. Zacks Investment Research upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. BTIG Research reiterated a “buy” rating and set a $825.00 target price on shares of AutoZone in a report on Wednesday, May 24th. Finally, Wedbush cut shares of AutoZone from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $660.00 to $650.00 in a report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. AutoZone has a consensus rating of “Hold” and an average price target of $776.64.
In related news, VP William T. Giles sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total value of $5,811,000.00. Following the completion of the transaction, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $10,750,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Andrew Mckenna acquired 300 shares of the firm’s stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $507.00 per share, with a total value of $152,100.00. Following the completion of the transaction, the director now directly owns 5,131 shares in the company, valued at $2,601,417. The disclosure for this purchase can be found here. Company insiders own 2.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. American Beacon Advisors Inc. purchased a new position in shares of AutoZone in the 1st quarter valued at approximately $104,000. Fieldpoint Private Securities LLC purchased a new position in shares of AutoZone in the 2nd quarter valued at approximately $114,000. Alpha Windward LLC raised its position in shares of AutoZone by 3.2% in the 2nd quarter. Alpha Windward LLC now owns 259 shares of the company’s stock valued at $148,000 after purchasing an additional 8 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of AutoZone by 3.5% in the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares during the last quarter. Finally, Global X Management Co. LLC raised its position in shares of AutoZone by 12.9% in the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after purchasing an additional 37 shares during the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.
AutoZone (AZO) opened at 540.51 on Thursday. The stock has a market capitalization of $15.15 billion, a PE ratio of 12.49 and a beta of 0.62. The company’s 50-day moving average is $526.96 and its 200-day moving average is $622.23. AutoZone has a 12 month low of $491.13 and a 12 month high of $813.70.
AutoZone Company Profile
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 August 27, 2016, the Company operated through 5,814 locations in the United States, Puerto Rico, Mexico and Brazil.
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