AutoZone (AZO) Expected to Announce Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) is expected to be releasing its earnings data 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. Parties interested in listening to the company’s conference call can do so using this link.

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

AutoZone Stock Performance

Shares of AZO opened at $3,396.14 on Tuesday. AutoZone has a 1 year low of $2,708.09 and a 1 year high of $3,484.42. The stock has a market capitalization of $56.99 billion, a PE ratio of 22.69, a PEG ratio of 1.88 and a beta of 0.70. The stock has a 50-day simple moving average of $3,322.47 and a 200-day simple moving average of $3,209.45.

Analyst Ratings Changes

A number of brokerages recently issued reports on AZO. Guggenheim lifted their price target on shares of AutoZone from $3,350.00 to $3,750.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Wells Fargo & Company lifted their price objective on shares of AutoZone from $3,450.00 to $3,750.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Citigroup increased their target price on AutoZone from $3,500.00 to $3,900.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Argus lifted their price target on AutoZone from $3,560.00 to $3,678.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Barclays upped their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, AutoZone presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

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.