AutoZone (AZO) Issues Earnings Results, Beats Estimates By $0.10 EPS

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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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 for AutoZone (NYSE:AZO)

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