AutoZone (NYSE:AZO) posted its quarterly earnings results on Tuesday. The company reported $30.93 EPS for the quarter, topping the consensus estimate of $24.74 by $6.19, MarketWatch Earnings reports. The firm had revenue of $4.55 billion for the quarter, compared to the consensus estimate of $3.87 billion. AutoZone had a net margin of 12.90% and a negative return on equity of 91.18%. The business’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share.
NYSE:AZO traded down $11.79 during trading hours on Wednesday, hitting $1,154.92. The company had a trading volume of 1,977 shares, compared to its average volume of 261,826. The company has a market capitalization of $27.25 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. The stock has a 50-day moving average price of $1,205.51 and a 200 day moving average price of $1,087.63. AutoZone has a 52 week low of $684.91 and a 52 week high of $1,274.41.
Several research analysts have commented on the stock. Oppenheimer reissued a “buy” rating and set a $1,500.00 price target on shares of AutoZone in a research note on Tuesday. Wells Fargo & Company reissued an “overweight” rating and set a $1,375.00 price target (up from $1,300.00) on shares of AutoZone in a research note on Monday, September 14th. Cfra reissued a “strong-buy” rating and set a $1,275.00 price target (up from $1,250.00) on shares of AutoZone in a research note on Tuesday, May 26th. Credit Suisse Group reissued a “buy” rating on shares of AutoZone in a research note on Wednesday, May 27th. Finally, Raymond James lifted their price target on shares of AutoZone from $1,300.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Wednesday. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. AutoZone currently has a consensus rating of “Buy” and a consensus price target of $1,289.33.
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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