AutoZone (AZO) to Release Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) will likely be posting 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 that are interested in participating in the company’s earnings conference call can do so using this link.

AutoZone (NYSE:AZO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). The company had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. AutoZone had a negative return on equity of 53.89% and a net margin of 14.18%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $32.55 EPS. 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 Friday. The company has a market cap of $58.48 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.86 and a beta of 0.70. AutoZone has a fifty-two week low of $2,728.97 and a fifty-two week high of $3,500.00. The firm’s 50 day moving average is $3,336.73 and its two-hundred day moving average is $3,217.19.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Truist Financial increased their price target on shares of AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Mizuho raised their target price on shares of AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Evercore ISI raised their target price on shares of AutoZone from $3,400.00 to $3,450.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. TD Cowen raised their target price on shares of AutoZone from $3,450.00 to $3,800.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, Guggenheim raised their target price on shares of AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.