AutoZone, Inc. (NYSE:AZO) – Equities researchers at Gabelli reduced their FY2019 earnings estimates for AutoZone in a research report issued on Wednesday. Gabelli analyst C. Jolly now expects that the company will post earnings per share of $51.25 for the year, down from their prior estimate of $54.65. Gabelli also issued estimates for AutoZone’s FY2020 earnings at $56.95 EPS and FY2021 earnings at $63.25 EPS.

AutoZone (NYSE:AZO) last released its quarterly earnings data on Tuesday, September 19th. The company reported $15.18 EPS for the quarter, topping analysts’ consensus estimates of $15.11 by $0.07. The firm had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $3.49 billion. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The firm’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $14.30 earnings per share.

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A number of other analysts have also recently issued reports on AZO. Deutsche Bank AG lowered their price objective on AutoZone from $800.00 to $650.00 and set a “hold” rating on the stock in a research report on Thursday, May 25th. Citigroup Inc. lowered their price objective on AutoZone from $920.00 to $750.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Morgan Stanley lowered their price target on AutoZone from $825.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) upgraded AutoZone from a “neutral” rating to a “buy” rating and upped their price target for the company from $615.62 to $662.00 in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Wedbush cut AutoZone from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $660.00 to $650.00 in a research report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $747.27.

AutoZone (NYSE:AZO) traded up 2.24% during trading on Friday, reaching $565.87. 229,391 shares of the company’s stock were exchanged. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 13.07 and a beta of 0.62. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70. The stock’s 50-day moving average price is $534.42 and its 200-day moving average price is $611.55.

In related news, Director William Andrew Mckenna acquired 300 shares of the stock in a transaction on Thursday, July 13th. The shares were purchased 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 $2,601,417. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP William T. Giles sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $581.10, for a total value of $5,811,000.00. Following 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. 2.60% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of AZO. First Trust Advisors LP increased 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 worth $7,904,000 after acquiring an additional 6,111 shares during the period. UBS Asset Management Americas Inc. increased its stake in AutoZone by 5.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 111,238 shares of the company’s stock worth $80,431,000 after acquiring an additional 5,695 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in AutoZone during the 1st quarter worth $219,000. Airain ltd increased its stake in AutoZone by 25.7% during the 1st quarter. Airain ltd now owns 7,389 shares of the company’s stock worth $5,343,000 after acquiring an additional 1,509 shares during the period. Finally, Keybank National Association OH increased its stake in AutoZone by 2.8% during the 1st quarter. Keybank National Association OH now owns 1,772 shares of the company’s stock worth $1,281,000 after acquiring an additional 49 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.

AutoZone Company Profile

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.

Earnings History and Estimates for AutoZone (NYSE:AZO)

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