AutoZone, Inc. (NYSE:AZO) – Stock analysts at Northcoast Research reduced their Q2 2018 EPS estimates for AutoZone in a research report issued on Wednesday. Northcoast Research analyst N. Mitchell now forecasts that the company will post earnings per share of $8.41 for the quarter, down from their previous forecast of $8.50. Northcoast Research also issued estimates for AutoZone’s Q3 2018 earnings at $12.13 EPS, Q4 2018 earnings at $16.50 EPS, FY2018 earnings at $46.95 EPS, Q1 2019 earnings at $10.90 EPS, Q2 2019 earnings at $9.17 EPS, Q3 2019 earnings at $13.20 EPS, Q4 2019 earnings at $18.04 EPS and FY2019 earnings at $51.23 EPS.

AutoZone (NYSE:AZO) last announced its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the previous year, the company earned $9.36 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of AutoZone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Bank of America reiterated a “buy” rating and set a $625.00 price target on shares of AutoZone in a research report on Tuesday, September 5th. Wedbush reiterated a “hold” rating and set a $580.00 price target (down from $590.00) on shares of AutoZone in a research report on Wednesday, September 20th. Royal Bank Of Canada reduced their price target on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 20th. Finally, Citigroup reiterated a “buy” rating and set a $700.00 price target on shares of AutoZone in a research report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $733.89.

Shares of AutoZone (NYSE AZO) opened at $702.34 on Friday. AutoZone has a twelve month low of $491.13 and a twelve month high of $813.70. The firm has a market capitalization of $19,046.60, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.28 and a beta of 0.72. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.15.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fieldpoint Private Securities LLC purchased a new stake in shares of AutoZone during the 2nd quarter valued at $114,000. Salem Investment Counselors Inc. grew its stake in shares of AutoZone by 3.5% during the 2nd quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after buying an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of AutoZone during the 3rd quarter valued at $179,000. Global X Management Co. LLC grew its stake in shares of AutoZone by 12.9% during the 2nd quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after buying an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd purchased a new stake in shares of AutoZone during the 3rd quarter valued at $202,000. 98.89% of the stock is owned by institutional investors.

In other AutoZone news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction 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 completion of 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman William C. Rhodes III sold 26,500 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $701.84, for a total value of $18,598,760.00. Following the completion of the transaction, the chairman now owns 11,464 shares of the company’s stock, valued at $8,045,893.76. The disclosure for this sale can be found here. Insiders sold a total of 43,123 shares of company stock valued at $29,883,110 over the last quarter. 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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