AutoZone, Inc. (NYSE:AZO) – Analysts at William Blair boosted their Q4 2018 earnings per share (EPS) estimates for shares of AutoZone in a research report issued on Tuesday. William Blair analyst D. Hofkin now forecasts that the company will post earnings of $17.43 per share for the quarter, up from their previous estimate of $16.50.
AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, February 27th. The company reported $8.47 earnings per share for the quarter, missing analysts’ consensus estimates of $8.81 by ($0.34). AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the company posted $7.75 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year.
AutoZone (AZO) traded down $11.04 during mid-day trading on Wednesday, reaching $653.68. The company’s stock had a trading volume of 353,815 shares, compared to its average volume of 467,175. AutoZone has a 52 week low of $491.13 and a 52 week high of $797.89. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. The company has a market capitalization of $18,180.00, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.00 and a beta of 0.74.
In other news, insider Philip B. Daniele sold 740 shares of the stock in a transaction on Friday, January 12th. The stock was sold at an average price of $780.37, for a total value of $577,473.80. Following the sale, the insider now directly owns 1,058 shares in the company, valued at $825,631.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Albert Saltiel sold 2,150 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $703.09, for a total value of $1,511,643.50. Following the completion of the sale, the insider now owns 2,276 shares in the company, valued at $1,600,232.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,710 shares of company stock worth $69,098,826. Insiders own 2.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AZO. First Trust Advisors LP acquired a new stake in shares of AutoZone in the third quarter valued at $1,009,000. Aperio Group LLC raised its stake in shares of AutoZone by 16.2% in the third quarter. Aperio Group LLC now owns 25,042 shares of the company’s stock valued at $14,903,000 after acquiring an additional 3,484 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of AutoZone in the third quarter valued at $1,360,000. Garrison Financial Corp raised its stake in shares of AutoZone by 1.8% in the third quarter. Garrison Financial Corp now owns 5,116 shares of the company’s stock valued at $3,045,000 after acquiring an additional 89 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in AutoZone by 22.2% in the third quarter. Canada Pension Plan Investment Board now owns 24,263 shares of the company’s stock valued at $14,439,000 after buying an additional 4,410 shares in the last quarter. Institutional investors and hedge funds own 95.03% 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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