AutoZone Inc. (NYSE:AZO) – Research analysts at William Blair issued their Q1 2017 earnings per share (EPS) estimates for shares of AutoZone in a research report issued to clients and investors on Thursday. William Blair analyst D. Hofkin anticipates that the brokerage will post earnings per share of $9.34 for the quarter. William Blair also issued estimates for AutoZone’s Q2 2017 earnings at $8.23 EPS, Q3 2017 earnings at $12.06 EPS, Q4 2017 earnings at $16.02 EPS, FY2017 earnings at $45.50 EPS and FY2018 earnings at $50.75 EPS.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Susquehanna started coverage on shares of AutoZone in a research report on Thursday, August 25th. They set a “neutral” rating and a $810.00 target price on the stock. Morgan Stanley set a $820.00 target price on shares of AutoZone and gave the company a “hold” rating in a research report on Thursday, August 11th. Argus reissued a “buy” rating and issued a $875.00 price objective on shares of AutoZone in a research report on Sunday, July 10th. Finally, Goldman Sachs Group Inc. set a $841.00 price objective on shares of AutoZone and gave the stock a “hold” rating in a research report on Monday, September 19th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $857.13.
AutoZone (NYSE:AZO) opened at 744.85 on Monday. The stock has a market capitalization of $21.77 billion, a price-to-earnings ratio of 18.92 and a beta of 0.42. AutoZone has a 12-month low of $681.01 and a 12-month high of $819.54. The stock’s 50 day moving average is $763.29 and its 200 day moving average is $776.70.
AutoZone (NYSE:AZO) last released its earnings results on Thursday, September 22nd. The company reported $14.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $14.25 by $0.05. AutoZone had a net margin of 11.55% and a negative return on equity of 68.63%. The firm earned $3.40 billion during the quarter. During the same quarter in the previous year, the business posted $12.75 earnings per share. AutoZone’s revenue for the quarter was up 3.3% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC boosted its position in AutoZone by 0.3% in the second quarter. FMR LLC now owns 3,456,561 shares of the company’s stock worth $2,743,956,000 after buying an additional 10,768 shares in the last quarter. Vanguard Group Inc. boosted its position in AutoZone by 0.4% in the second quarter. Vanguard Group Inc. now owns 1,813,090 shares of the company’s stock worth $1,439,303,000 after buying an additional 6,703 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in AutoZone by 2.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,713,596 shares of the company’s stock worth $1,360,321,000 after buying an additional 35,351 shares in the last quarter. Nordea Investment Management AB boosted its position in AutoZone by 166.3% in the second quarter. Nordea Investment Management AB now owns 757,122 shares of the company’s stock worth $601,034,000 after buying an additional 472,766 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in AutoZone by 6.8% in the first quarter. BlackRock Fund Advisors now owns 675,496 shares of the company’s stock worth $538,161,000 after buying an additional 42,911 shares in the last quarter. 95.55% of the stock is owned by institutional investors and hedge funds.
In other AutoZone news, insider Thomas B. Newbern sold 16,870 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $799.82, for a total value of $13,492,963.40. Following the completion of the transaction, the insider now owns 15,977 shares of the company’s stock, valued at $12,778,724.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Albert Saltiel sold 1,650 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $807.52, for a total transaction of $1,332,408.00. Following the completion of the transaction, the vice president now directly owns 1,734 shares of the company’s stock, valued at approximately $1,400,239.68. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
AutoZone, Inc is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company’s operating segments include Auto Parts Locations and Other. The Auto Parts Locations segment comprises Domestic Auto Parts, Mexico, Brazil and Interamerican Motor Corporation (IMC).
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