AutoZone (AZO) Set to Announce Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) will issue its quarterly earnings data before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $15.20 per share for the quarter.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, February 26th. The company reported $11.49 earnings per share for the quarter, topping the consensus estimate of $9.97 by $1.52. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. AutoZone had a net margin of 12.49% and a negative return on equity of 98.24%. AutoZone’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.47 EPS. On average, analysts expect AutoZone to post $62 EPS for the current fiscal year and $65 EPS for the next fiscal year.

Shares of AutoZone stock opened at $982.56 on Tuesday. The firm has a market capitalization of $24.90 billion, a P/E ratio of 19.52, a PEG ratio of 1.35 and a beta of 0.67. AutoZone has a fifty-two week low of $597.00 and a fifty-two week high of $1,074.67.

AZO has been the subject of several research reports. Morgan Stanley increased their price objective on shares of AutoZone from $870.00 to $900.00 and gave the company an “equal weight” rating in a report on Wednesday, January 23rd. ValuEngine downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Zacks Investment Research downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Oppenheimer reissued a “market perform” rating and set a $900.00 price objective (up previously from $860.00) on shares of AutoZone in a report on Friday, February 8th. Finally, Credit Suisse Group reissued a “hold” rating on shares of AutoZone in a report on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $994.50.

In other news, insider Philip B. Daniele sold 740 shares of the company’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $920.00, for a total transaction of $680,800.00. Following the sale, the insider now directly owns 1,105 shares in the company, valued at approximately $1,016,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Albert Saltiel sold 2,150 shares of the company’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $912.11, for a total transaction of $1,961,036.50. Following the sale, the vice president now owns 2,308 shares in the company, valued at $2,105,149.88. The disclosure for this sale can be found here. Insiders have sold a total of 10,640 shares of company stock worth $10,370,907 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

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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.

Further Reading: Systematic Risk and Investors

Earnings History for AutoZone (NYSE:AZO)

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