Equities research analysts expect that AutoZone, Inc. (NYSE:AZO) will announce $20.65 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for AutoZone’s earnings, with the lowest EPS estimate coming in at $19.57 and the highest estimate coming in at $21.68. AutoZone posted earnings per share of $18.61 during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, December 7th.
On average, analysts expect that AutoZone will report full year earnings of $97.73 per share for the current year, with EPS estimates ranging from $89.86 to $101.60. For the next financial year, analysts expect that the firm will post earnings of $109.22 per share, with EPS estimates ranging from $99.19 to $115.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for AutoZone.
AutoZone (NYSE:AZO) last issued its quarterly earnings results on Monday, September 20th. The company reported $35.72 EPS for the quarter, topping analysts’ consensus estimates of $30.20 by $5.52. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.57 billion. AutoZone had a net margin of 14.84% and a negative return on equity of 142.05%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $30.93 earnings per share.
In related news, CEO William C. Rhodes III sold 4,500 shares of AutoZone stock in a transaction on Friday, September 24th. The shares were sold at an average price of $1,682.81, for a total value of $7,572,645.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip B. Daniele sold 1,180 shares of the business’s stock in a transaction on Friday, October 22nd. The shares were sold at an average price of $1,827.11, for a total transaction of $2,155,989.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,680 shares of company stock worth $21,459,935. Corporate insiders own 2.60% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in AutoZone by 1.5% during the third quarter. Bank of New York Mellon Corp now owns 179,649 shares of the company’s stock valued at $305,042,000 after purchasing an additional 2,654 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in AutoZone during the third quarter valued at $920,000. Colony Group LLC increased its stake in AutoZone by 3.0% during the third quarter. Colony Group LLC now owns 9,626 shares of the company’s stock valued at $16,345,000 after purchasing an additional 283 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of AutoZone by 1.3% during the third quarter. Captrust Financial Advisors now owns 4,435 shares of the company’s stock valued at $7,531,000 after acquiring an additional 57 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in shares of AutoZone by 13.9% during the third quarter. Cetera Advisors LLC now owns 531 shares of the company’s stock valued at $902,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.
Shares of NYSE AZO traded down $25.05 during midday trading on Thursday, reaching $1,855.05. 122,927 shares of the stock were exchanged, compared to its average volume of 195,563. The company has a market capitalization of $38.90 billion, a P/E ratio of 19.38, a P/E/G ratio of 1.46 and a beta of 0.86. AutoZone has a 52-week low of $1,085.85 and a 52-week high of $1,941.36. The stock has a 50 day moving average price of $1,762.87 and a 200-day moving average price of $1,610.35.
AutoZone Company Profile
AutoZone, Inc engages in the retail and distribution of automotive replacement parts and accessories. The firm offers ALLDATA, which produces, sells, and maintains diagnostic and repair information software used in the automotive repair industry and E-commerce, which includes direct sales to customers.
Further Reading: Trading Strategy Methods for Individual Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.