Wall Street brokerages forecast that AutoZone, Inc. (NYSE:AZO) will announce earnings of $15.15 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for AutoZone’s earnings, with the highest EPS estimate coming in at $15.65 and the lowest estimate coming in at $14.33. AutoZone reported earnings per share of $14.30 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The company is expected to report its next earnings results 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 year, with EPS estimates ranging from $43.10 to $44.52. For the next year, analysts expect 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 calculations are a mean average based on a survey of research firms that that provide coverage for AutoZone.

A number of research firms recently commented on AZO. Royal Bank Of Canada lowered their price target on shares of AutoZone from $829.00 to $753.00 and set a “sector perform” rating for the company in a report on Monday, May 22nd. Raymond James Financial, Inc. downgraded shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $900.00 price objective on shares of AutoZone and gave the company a “buy” rating in a research report on Tuesday, May 23rd. Citigroup Inc. downgraded shares of AutoZone from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, May 23rd. Finally, ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. AutoZone presently has an average rating of “Hold” and a consensus target price of $776.64.

In other news, Director William Andrew Mckenna purchased 300 shares of the company’s stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the purchase, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP William T. Giles sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the completion of the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AZO. Strs Ohio lifted its stake in AutoZone by 1.1% during the 1st quarter. Strs Ohio now owns 1,135 shares of the company’s stock valued at $820,000 after acquiring an additional 12 shares during the period. BB&T Corp lifted its stake in AutoZone by 20.0% during the 1st quarter. BB&T Corp now owns 372 shares of the company’s stock valued at $269,000 after acquiring an additional 62 shares during the period. First Trust Advisors LP lifted its stake in AutoZone by 126.8% during the 1st quarter. First Trust Advisors LP now owns 10,932 shares of the company’s stock valued at $7,904,000 after acquiring an additional 6,111 shares during the period. Advisors Asset Management Inc. lifted its stake in AutoZone by 15.6% during the 1st quarter. Advisors Asset Management Inc. now owns 2,527 shares of the company’s stock valued at $1,827,000 after acquiring an additional 341 shares during the period. Finally, Bbva Compass Bancshares Inc. lifted its stake in AutoZone by 73.9% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 367 shares of the company’s stock valued at $265,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

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Shares of AutoZone (AZO) traded up 0.09% during mid-day trading on Thursday, reaching $541.16. The company had a trading volume of 286,962 shares. The company has a market capitalization of $15.17 billion, a PE ratio of 12.50 and a beta of 0.62. The stock’s 50-day moving average price is $524.52 and its 200 day moving average price is $623.41. AutoZone has a 1-year low of $491.13 and a 1-year high of $813.70.

About AutoZone

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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Earnings History and Estimates for AutoZone (NYSE:AZO)

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