Wall Street brokerages forecast that AutoZone, Inc. (NYSE:AZO) will announce earnings of $21.74 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for AutoZone’s earnings, with the lowest EPS estimate coming in at $21.18 and the highest estimate coming in at $22.57. AutoZone posted earnings per share of $18.54 in the same quarter last year, which indicates a positive year-over-year growth rate of 17.3%. The business is expected to issue its next earnings results on Tuesday, September 17th.

According to Zacks, analysts expect that AutoZone will report full year earnings of $62.51 per share for the current year, with EPS estimates ranging from $62.01 to $62.92. For the next financial year, analysts expect that the company will report earnings of $65.56 per share, with EPS estimates ranging from $64.54 to $67.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow AutoZone.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, May 21st. The company reported $15.99 earnings per share for the quarter, beating analysts’ consensus estimates of $15.23 by $0.76. AutoZone had a negative return on equity of 97.19% and a net margin of 12.70%. The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter in the prior year, the business earned $13.42 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis.

A number of equities research analysts recently weighed in on the company. Wells Fargo & Co restated a “buy” rating and issued a $1,140.00 price target on shares of AutoZone in a research note on Tuesday, May 21st. CIBC upgraded AutoZone from a “market perform” rating to an “outperform” rating in a research report on Friday, June 28th. Wedbush reiterated an “outperform” rating and set a $1,100.00 price objective (up previously from $1,030.00) on shares of AutoZone in a research report on Wednesday, May 22nd. Goldman Sachs Group assumed coverage on AutoZone in a research report on Thursday, July 11th. They set a “neutral” rating and a $1,183.00 price objective on the stock. Finally, Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $1,156.00 price objective on the stock in a research report on Friday, June 7th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. AutoZone presently has a consensus rating of “Buy” and a consensus target price of $1,061.25.

AZO opened at $1,059.68 on Friday. AutoZone has a 1-year low of $705.01 and a 1-year high of $1,186.60. The firm has a fifty day simple moving average of $1,126.00. The company has a market cap of $26.31 billion, a PE ratio of 21.05, a PEG ratio of 1.41 and a beta of 0.65.

In other AutoZone news, VP Charles Pleas III sold 9,000 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $1,050.40, for a total transaction of $9,453,600.00. Following the transaction, the vice president now owns 13,365 shares in the company, valued at approximately $14,038,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Earl G. Graves, Jr. sold 250 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $1,021.86, for a total value of $255,465.00. Following the transaction, the director now owns 4,357 shares in the company, valued at approximately $4,452,244.02. The disclosure for this sale can be found here. Insiders have sold a total of 32,907 shares of company stock worth $35,293,228 in the last quarter. Company insiders own 2.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC grew its holdings in shares of AutoZone by 13.6% during the 2nd quarter. Atlas Capital Advisors LLC now owns 75 shares of the company’s stock worth $82,000 after purchasing an additional 9 shares in the last quarter. Berman Capital Advisors LLC grew its holdings in shares of AutoZone by 30.3% during the 1st quarter. Berman Capital Advisors LLC now owns 43 shares of the company’s stock worth $44,000 after purchasing an additional 10 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of AutoZone by 5.6% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 190 shares of the company’s stock worth $208,000 after purchasing an additional 10 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of AutoZone by 2.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 350 shares of the company’s stock worth $385,000 after purchasing an additional 10 shares in the last quarter. Finally, Savant Capital LLC grew its holdings in shares of AutoZone by 1.5% during the 2nd quarter. Savant Capital LLC now owns 658 shares of the company’s stock worth $723,000 after purchasing an additional 10 shares in the last quarter. 95.92% of the stock is currently owned by institutional investors.

About AutoZone

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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