AutoZone, Inc. (NYSE:AZO) – Equities research analysts at Wedbush boosted their Q2 2018 earnings per share (EPS) estimates for AutoZone in a report released on Wednesday. Wedbush analyst S. Basham now expects that the company will post earnings per share of $8.39 for the quarter, up from their previous forecast of $8.20. Wedbush has a “Hold” rating and a $580.00 price target on the stock. Wedbush also issued estimates for AutoZone’s Q3 2018 earnings at $12.05 EPS, Q4 2018 earnings at $16.66 EPS, FY2018 earnings at $47.10 EPS, Q1 2019 earnings at $11.01 EPS, Q2 2019 earnings at $9.28 EPS, Q3 2019 earnings at $13.31 EPS, Q4 2019 earnings at $18.07 EPS and FY2019 earnings at $51.68 EPS.

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

Other equities analysts also recently issued research reports about the company. Deutsche Bank upped their target price on AutoZone from $625.00 to $700.00 in a report on Thursday. Barclays boosted their price target on AutoZone from $710.00 to $800.00 in a research note on Thursday. UBS reissued a “buy” rating and issued a $655.00 price target (down previously from $725.00) on shares of AutoZone in a research note on Wednesday, September 20th. Credit Suisse Group reissued a “buy” rating and issued a $583.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Finally, Citigroup reissued a “buy” rating and issued a $700.00 price target on shares of AutoZone in a research note on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $733.89.

AutoZone (AZO) opened at $721.89 on Friday. The firm has a market capitalization of $19,850.00, a PE ratio of 15.71, a PEG ratio of 1.29 and a beta of 0.71. AutoZone has a twelve month low of $491.13 and a twelve month high of $811.59. The company has a quick ratio of 0.15, a current ratio of 0.93 and a debt-to-equity ratio of -3.27.

Institutional investors and hedge funds have recently bought and sold shares of the company. AXA raised 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 purchasing an additional 300 shares in the last quarter. Burgundy Asset Management Ltd. raised 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 purchasing an additional 1,888 shares in the last quarter. Public Employees Retirement System of Ohio raised 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 purchasing an additional 1,483 shares in the last quarter. Gyroscope Capital Management Group LLC raised 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 purchasing an additional 129 shares in the last quarter. Finally, IFM Investors Pty Ltd acquired a new position in shares of AutoZone in the third quarter valued at $503,000. 98.89% of the stock is owned by institutional investors.

In other news, Chairman William C. Rhodes III sold 26,500 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $701.84, for a total value of $18,598,760.00. Following the completion of the sale, the chairman now directly owns 11,464 shares of the company’s stock, valued at $8,045,893.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Andrew Mckenna sold 3,000 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total value of $1,754,880.00. Following the completion of the sale, the director now directly owns 8,131 shares of the company’s stock, valued at $4,756,309.76. The disclosure for this sale can be found here. Insiders sold 43,123 shares of company stock valued at $29,883,110 over the last three months. 2.60% of the stock is owned by company insiders.

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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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