AutoZone, Inc. (NYSE:AZO) – Investment analysts at Wedbush upped their Q3 2018 earnings per share estimates for shares of AutoZone in a research note issued on Tuesday. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $12.07 for the quarter, up from their previous estimate of $12.05. Wedbush has a “Hold” rating and a $580.00 price objective on the stock. Wedbush also issued estimates for AutoZone’s Q4 2018 earnings at $16.60 EPS.

Several other equities analysts also recently issued reports on AZO. Stephens reissued a “hold” rating and set a $550.00 price objective (down previously from $620.00) on shares of AutoZone in a research note on Thursday, September 21st. Royal Bank of Canada reduced their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating on the stock in a research note on Wednesday, September 20th. UBS Group reissued a “buy” rating and set a $750.00 price objective (down previously from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Citigroup upped their price objective on shares of AutoZone to $820.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Jefferies Group reissued a “hold” rating and set a $720.00 price objective on shares of AutoZone in a research note on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $717.24.

Shares of AutoZone (AZO) traded up $12.89 on Thursday, hitting $749.43. 597,400 shares of the company traded hands, compared to its average volume of 578,050. The company has a quick ratio of 0.14, a current ratio of 0.93 and a debt-to-equity ratio of -3.27. The stock has a market capitalization of $20,500.00, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 1.35 and a beta of 0.71. AutoZone has a fifty-two week low of $491.13 and a fifty-two week high of $800.00.

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

A number of large investors have recently bought and sold shares of the business. AXA raised its stake in AutoZone by 0.8% during the third quarter. AXA now owns 38,237 shares of the company’s stock worth $22,755,000 after purchasing an additional 300 shares during the period. Burgundy Asset Management Ltd. raised its stake in shares of AutoZone by 0.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 592,020 shares of the company’s stock valued at $352,317,000 after acquiring an additional 1,888 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of AutoZone by 3.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 45,781 shares of the company’s stock valued at $27,245,000 after acquiring an additional 1,483 shares during the period. Gyroscope Capital Management Group LLC raised its stake in shares of AutoZone by 31.6% in the 3rd quarter. Gyroscope Capital Management Group LLC now owns 537 shares of the company’s stock valued at $320,000 after acquiring an additional 129 shares during the period. Finally, IFM Investors Pty Ltd purchased a new position in shares of AutoZone in the 3rd quarter valued at $503,000. 99.35% of the stock is currently owned by institutional investors.

In other AutoZone news, VP Charles Pleas III sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $700.00, for a total transaction of $7,000,000.00. Following the transaction, the vice president now owns 14,377 shares of the company’s stock, valued at $10,063,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Albert Saltiel sold 2,150 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $703.09, for a total transaction of $1,511,643.50. Following the transaction, the insider now directly owns 2,276 shares in the company, valued at approximately $1,600,232.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,973 shares of company stock worth $56,444,486. 2.60% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for AutoZone (NYSE:AZO)

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