AutoZone (NYSE:AZO) Issues Earnings Results

AutoZone (NYSE:AZO) issued its quarterly earnings data on Tuesday. The company reported $48.11 EPS for the quarter, missing the consensus estimate of $53.31 by ($5.20), Briefing.com reports. The company had revenue of $6.21 billion during the quarter, compared to analysts’ expectations of $6.25 billion. AutoZone had a negative return on equity of 54.58% and a net margin of 14.60%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $46.46 earnings per share.

AutoZone Stock Performance

Shares of AZO opened at $3,108.97 on Thursday. AutoZone has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The business has a 50-day moving average of $3,109.08 and a 200 day moving average of $3,009.36. The firm has a market cap of $53.10 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.43 and a beta of 0.71.

Analyst Ratings Changes

A number of research firms recently commented on AZO. Mizuho increased their price target on AutoZone from $3,280.00 to $3,350.00 and gave the company an “outperform” rating in a research report on Wednesday. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a report on Saturday, September 21st. Citigroup cut their price target on shares of AutoZone from $3,787.00 to $3,500.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer reiterated a “market perform” rating and issued a $2,600.00 price objective on shares of AutoZone in a research note on Wednesday, June 26th. Finally, UBS Group boosted their target price on AutoZone from $3,340.00 to $3,500.00 and gave the stock a “buy” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3,169.38.

AutoZone Company Profile

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.