AutoZone (NYSE:AZO) announced its quarterly earnings data on Monday. The company reported $10.00 earnings per share for the quarter, topping analysts’ consensus estimates of $9.90 by $0.10, RTT News reports. AutoZone had a net margin of 11.76% and a negative return on equity of 74.48%. The company had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.54 billion. During the same period in the previous year, the business earned $9.36 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.
AutoZone (AZO) traded up $31.37 on Tuesday, reaching $709.77. 852,400 shares of the company were exchanged, compared to its average volume of 460,819. The firm has a market capitalization of $18,650.93, a price-to-earnings ratio of 15.40, a PEG ratio of 1.25 and a beta of 0.72. AutoZone has a 52-week low of $491.13 and a 52-week high of $813.70. The company has a quick ratio of 0.15, a current ratio of 0.97 and a debt-to-equity ratio of -3.56.
In related news, Director William Andrew Mckenna sold 3,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the transaction, the director now directly owns 8,131 shares in the company, valued at $4,756,309.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.
AZO has been the topic of a number of recent analyst reports. Raymond James Financial reissued a “hold” rating on shares of AutoZone in a research report on Saturday. Moffett Nathanson initiated coverage on shares of AutoZone in a research report on Monday. They issued a “neutral” rating on the stock. UBS reiterated a “buy” rating and issued a $750.00 target price (up previously from $655.00) on shares of AutoZone in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $590.00 target price on shares of AutoZone in a research report on Friday, October 27th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. AutoZone has an average rating of “Hold” and a consensus target price of $729.20.
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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.
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