$17.87 Earnings Per Share Expected for AutoZone, Inc. (AZO) This Quarter

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Wall Street analysts expect AutoZone, Inc. (NYSE:AZO) to report earnings per share (EPS) of $17.87 for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for AutoZone’s earnings, with estimates ranging from $17.58 to $18.21. AutoZone posted earnings per share of $15.18 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.7%. The company is expected to issue its next earnings report on Tuesday, September 18th.

On average, analysts expect that AutoZone will report full year earnings of $49.79 per share for the current financial year, with EPS estimates ranging from $49.38 to $50.10. For the next fiscal year, analysts anticipate that the business will report earnings of $56.91 per share, with EPS estimates ranging from $55.20 to $59.22. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow AutoZone.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, May 22nd. The company reported $13.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $12.99 by $0.43. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.71 billion. AutoZone had a net margin of 12.27% and a negative return on equity of 96.89%. The business’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.44 EPS.

Several equities analysts have issued reports on the stock. MED upgraded shares of AutoZone from a “hold” rating to a “buy” rating and upped their target price for the company from $675.00 to $805.00 in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Deutsche Bank upgraded shares of AutoZone from a “hold” rating to a “buy” rating and upped their target price for the company from $675.00 to $805.00 in a research note on Wednesday, August 1st. Wedbush restated an “outperform” rating and set a $770.00 target price on shares of AutoZone in a research note on Friday, July 20th. Wells Fargo & Co upped their target price on shares of AutoZone from $700.00 to $800.00 and gave the company an “outperform” rating in a research note on Tuesday, June 12th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a research note on Thursday, May 24th. Ten equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. AutoZone has a consensus rating of “Buy” and an average target price of $745.17.

In other news, insider Philip B. Daniele sold 740 shares of the stock in a transaction that occurred on Friday, June 22nd. The shares were sold at an average price of $683.54, for a total value of $505,819.60. Following the transaction, the insider now owns 1,072 shares in the company, valued at approximately $732,754.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Albert Saltiel sold 2,150 shares of the stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $717.90, for a total transaction of $1,543,485.00. Following the completion of the transaction, the insider now owns 2,297 shares in the company, valued at approximately $1,649,016.30. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of AZO. Hennessy Advisors Inc. raised its stake in AutoZone by 51.9% during the 1st quarter. Hennessy Advisors Inc. now owns 4,100 shares of the company’s stock worth $2,660,000 after acquiring an additional 1,400 shares during the period. Daiwa Securities Group Inc. raised its stake in AutoZone by 11.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 930 shares of the company’s stock worth $603,000 after acquiring an additional 97 shares during the period. Dupont Capital Management Corp raised its stake in AutoZone by 34.8% during the 1st quarter. Dupont Capital Management Corp now owns 18,543 shares of the company’s stock worth $12,029,000 after acquiring an additional 4,785 shares during the period. Intrinsic Edge Capital Management LLC raised its stake in AutoZone by 434.8% during the 1st quarter. Intrinsic Edge Capital Management LLC now owns 15,177 shares of the company’s stock worth $9,845,000 after acquiring an additional 12,339 shares during the period. Finally, NuWave Investment Management LLC raised its stake in AutoZone by 21,328.6% during the 1st quarter. NuWave Investment Management LLC now owns 1,500 shares of the company’s stock worth $968,000 after acquiring an additional 1,493 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

AutoZone traded up $2.67, hitting $738.96, during midday trading on Tuesday, according to MarketBeat. 252,968 shares of the company traded hands, compared to its average volume of 222,369. The company has a debt-to-equity ratio of -3.64, a quick ratio of 0.14 and a current ratio of 0.95. The stock has a market capitalization of $19.46 billion, a P/E ratio of 15.05, a P/E/G ratio of 1.11 and a beta of 0.88. AutoZone has a 52 week low of $497.29 and a 52 week high of $797.89.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It offers various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The company's products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, thermostats, starters and alternators, and water pumps.

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