AutoZone, Inc. (NYSE:AZO) posted its quarterly earnings data on Tuesday. The company reported $8.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.20 by $0.12. AutoZone had a negative return on equity of 69.22% and a net margin of 11.77%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $7.43 EPS. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year.
AutoZone (NYSE:AZO) traded down 0.26% during mid-day trading on Friday, hitting $700.44. 265,855 shares of the company were exchanged. The company’s 50-day moving average is $729.60 and its 200 day moving average is $755.35. AutoZone has a 12-month low of $699.65 and a 12-month high of $819.54. The company has a market capitalization of $19.90 billion, a P/E ratio of 16.43 and a beta of 0.58.
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Several research analysts have issued reports on AZO shares. Atlantic Securities began coverage on AutoZone in a report on Wednesday, December 14th. They set a “neutral” rating and a $864.00 price objective on the stock. Vetr raised AutoZone from a “hold” rating to a “strong-buy” rating and set a $887.00 price target on the stock in a research note on Wednesday, December 14th. Wedbush reissued an “outperform” rating on shares of AutoZone in a research note on Tuesday, January 3rd. Zacks Investment Research raised AutoZone from a “hold” rating to a “buy” rating and set a $885.00 price target on the stock in a research note on Tuesday, January 10th. Finally, Guggenheim began coverage on AutoZone in a research note on Wednesday, January 18th. They issued a “buy” rating and a $880.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $866.32.
In other AutoZone news, insider Rodney C. Halsell sold 14,300 shares of the business’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $724.54, for a total transaction of $10,360,922.00. Following the sale, the insider now owns 3,966 shares of the company’s stock, valued at $2,873,525.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William W. Graves sold 12,000 shares of the business’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $736.78, for a total transaction of $8,841,360.00. Following the sale, the insider now directly owns 14,667 shares in the company, valued at approximately $10,806,352.26. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,960 shares of company stock worth $20,438,503. Insiders own 2.60% of the company’s stock.
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.
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