AutoZone (AZO) Scheduled to Post Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) will issue its quarterly earnings data before the market opens on Tuesday, September 24th. Analysts expect the company to announce earnings of $53.61 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

AutoZone Price Performance

NYSE AZO opened at $3,020.66 on Friday. The stock has a market capitalization of $51.60 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.45 and a beta of 0.71. AutoZone has a one year low of $2,375.35 and a one year high of $3,256.37. The business has a 50 day simple moving average of $3,105.66 and a 200 day simple moving average of $3,010.75.

Analyst Ratings Changes

Several brokerages recently issued reports on AZO. Evercore ISI cut their target price on shares of AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a research note on Friday. Oppenheimer reiterated a “market perform” rating and set a $2,600.00 price objective on shares of AutoZone in a report on Wednesday, June 26th. StockNews.com downgraded AutoZone from a “buy” rating to a “hold” rating in a report on Saturday. Guggenheim lifted their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $3,200.00 price objective on shares of AutoZone in a research note on Thursday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3,129.44.

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.