Analysts expect AutoZone, Inc. (NYSE:AZO) to post $2.38 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for AutoZone’s earnings. The lowest sales estimate is $2.35 billion and the highest is $2.40 billion. AutoZone posted sales of $2.29 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The business is expected to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that AutoZone will report full year sales of $2.38 billion for the current year, with estimates ranging from $11.13 billion to $11.37 billion. For the next fiscal year, analysts forecast that the company will post sales of $11.78 billion per share, with estimates ranging from $11.65 billion to $12.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover AutoZone.

AutoZone (NYSE:AZO) last posted its quarterly earnings data on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.90 by $0.10. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.54 billion. AutoZone had a net margin of 11.66% and a negative return on equity of 78.83%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $9.36 EPS.

A number of research firms recently weighed in on AZO. Credit Suisse Group set a $790.00 target price on shares of AutoZone and gave the company a “hold” rating in a research note on Thursday, January 4th. Citigroup upped their target price on shares of AutoZone to $820.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Guggenheim cut shares of AutoZone from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. UBS Group reissued a “buy” rating and issued a $750.00 target price (down previously from $810.00) on shares of AutoZone in a research note on Wednesday, December 6th. Finally, Royal Bank of Canada upped their target price on shares of AutoZone and gave the company a “sector perform” rating in a research note on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $726.06.

In other news, VP Richard Craig Smith sold 2,700 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $760.00, for a total transaction of $2,052,000.00. Following the transaction, the vice president now directly owns 4,500 shares in the company, valued at $3,420,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider William W. Graves sold 10,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $744.78, for a total transaction of $7,820,190.00. Following the transaction, the insider now owns 12,574 shares in the company, valued at $9,364,863.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 93,173 shares of company stock worth $66,316,676. Company insiders own 2.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. lifted its holdings in AutoZone by 26.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 555 shares of the company’s stock valued at $317,000 after buying an additional 117 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in AutoZone in the second quarter valued at approximately $329,000. Aberdeen Asset Management PLC UK lifted its holdings in AutoZone by 6.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 6,716 shares of the company’s stock valued at $3,832,000 after buying an additional 393 shares during the period. Stephens Inc. AR lifted its holdings in AutoZone by 19.6% in the second quarter. Stephens Inc. AR now owns 1,062 shares of the company’s stock valued at $606,000 after buying an additional 174 shares during the period. Finally, Raymond James Trust N.A. acquired a new position in AutoZone in the second quarter valued at approximately $457,000. Institutional investors own 99.33% of the company’s stock.

Shares of AutoZone (NYSE:AZO) opened at $787.93 on Monday. The firm has a market cap of $21,552.25, a PE ratio of 17.59, a P/E/G ratio of 1.28 and a beta of 0.71. AutoZone has a 52 week low of $491.13 and a 52 week high of $793.30. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.14.

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AutoZone Company Profile

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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Earnings History and Estimates for AutoZone (NYSE:AZO)

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