Brokerages expect that AutoZone, Inc. (NYSE:AZO) will report $2.38 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for AutoZone’s earnings, with estimates ranging from $2.35 billion to $2.39 billion. AutoZone reported sales of $2.29 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3.9%. The firm is expected to report its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that AutoZone will report full-year sales of $2.38 billion for the current fiscal year, with estimates ranging from $11.13 billion to $11.37 billion. For the next year, analysts anticipate that the business will post sales of $11.77 billion per share, with estimates ranging from $11.59 billion to $12.04 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow AutoZone.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, topping the consensus estimate of $9.90 by $0.10. AutoZone had a negative return on equity of 78.83% and a net margin of 11.66%. The business had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter last year, the company earned $9.36 EPS. The business’s quarterly revenue was up 4.9% on a year-over-year basis.

Several research firms have commented on AZO. UBS reaffirmed a “buy” rating and set a $750.00 price target (down previously from $810.00) on shares of AutoZone in a research report on Wednesday, December 6th. Barclays lifted their price target on AutoZone from $710.00 to $800.00 in a research report on Thursday, December 7th. Jefferies Group reaffirmed a “hold” rating and set a $720.00 price target on shares of AutoZone in a research report on Wednesday, December 6th. Citigroup lifted their price target on AutoZone to $820.00 and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Finally, Guggenheim lowered AutoZone from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $733.89.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $584.96, for a total value of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares in the company, valued at approximately $4,756,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James C. Griffith sold 3,623 shares of AutoZone stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $698.17, for a total value of $2,529,469.91. Following the completion of the transaction, the insider now owns 2,016 shares in the company, valued at $1,407,510.72. The disclosure for this sale can be found here. Insiders sold a total of 80,823 shares of company stock worth $56,687,723 over the last quarter. Company insiders own 2.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. AXA boosted its stake in shares of AutoZone by 0.8% in the third quarter. AXA now owns 38,237 shares of the company’s stock valued at $22,755,000 after buying an additional 300 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in shares of AutoZone by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after buying an additional 1,888 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of AutoZone by 3.3% in the third quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after buying an additional 1,483 shares in the last quarter. Gyroscope Capital Management Group LLC boosted its stake in shares of AutoZone by 31.6% in the third quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock valued at $320,000 after buying an additional 129 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new stake in shares of AutoZone in the third quarter valued at approximately $503,000. Hedge funds and other institutional investors own 99.03% of the company’s stock.

Shares of AutoZone (NYSE:AZO) opened at $708.61 on Tuesday. The company has a debt-to-equity ratio of -3.27, a quick ratio of 0.14 and a current ratio of 0.93. AutoZone has a 12-month low of $491.13 and a 12-month high of $809.52. The firm has a market capitalization of $19,680.16, a PE ratio of 16.16, a PEG ratio of 1.33 and a beta of 0.72.

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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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