AutoZone (NYSE:AZO) will release its earnings data before the market opens on Tuesday, December 10th. Analysts expect AutoZone to post earnings of $13.86 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
AutoZone (NYSE:AZO) last issued its quarterly earnings data on Tuesday, September 24th. The company reported $22.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.80 by $0.79. AutoZone had a net margin of 13.63% and a negative return on equity of 98.67%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter in the previous year, the firm earned $18.54 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts expect AutoZone to post $65 EPS for the current fiscal year and $72 EPS for the next fiscal year.
Shares of AutoZone stock opened at $1,177.65 on Tuesday. The firm’s 50 day moving average price is $1,148.57 and its 200-day moving average price is $1,112.75. AutoZone has a 52-week low of $798.41 and a 52-week high of $1,188.18. The company has a market cap of $28.07 billion, a P/E ratio of 18.57, a PEG ratio of 1.48 and a beta of 0.62.
A number of brokerages have recently issued reports on AZO. Citigroup lifted their price objective on shares of AutoZone from $1,357.00 to $1,363.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wedbush reaffirmed an “outperform” rating and issued a $1,240.00 price objective (up previously from $1,100.00) on shares of AutoZone in a research report on Thursday, September 19th. Morgan Stanley lifted their price objective on shares of AutoZone from $1,050.00 to $1,100.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Raymond James began coverage on shares of AutoZone in a research report on Monday, October 7th. They issued an “outperform” rating and a $1,250.00 price objective on the stock. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $1,300.00 price objective (up previously from $1,275.00) on shares of AutoZone in a research report on Monday. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,144.18.
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company 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. Its 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, starters and alternators, thermostats, and water pumps.
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