AutoZone (AZO) to Release Earnings on Tuesday

AutoZone (NYSE:AZO) is expected to post its quarterly earnings results before the market opens on Tuesday, March 4th. Analysts expect AutoZone to post earnings of $29.11 per share and revenue of $3.98 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business had revenue of $4.28 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the company posted $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect AutoZone to post $153 EPS for the current fiscal year and $173 EPS for the next fiscal year.

AutoZone Stock Up 1.2 %

NYSE:AZO opened at $3,484.56 on Monday. The company has a market cap of $58.48 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.86 and a beta of 0.70. AutoZone has a twelve month low of $2,728.97 and a twelve month high of $3,500.00. The business has a 50 day moving average price of $3,336.73 and a two-hundred day moving average price of $3,217.34.

Wall Street Analysts Forecast Growth

AZO has been the subject of several research reports. BMO Capital Markets started coverage on AutoZone in a report on Friday, December 13th. They set an “outperform” rating and a $3,700.00 price target for the company. Evercore ISI lifted their price objective on AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Citigroup lifted their price objective on AutoZone from $3,500.00 to $3,900.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Guggenheim lifted their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have given a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3,442.61.

About AutoZone

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.