AutoZone, Inc. (NYSE:AZO) – William Blair lifted their Q1 2019 EPS estimates for AutoZone in a research report issued to clients and investors on Tuesday, September 18th. William Blair analyst D. Hofkin now anticipates that the company will earn $12.28 per share for the quarter, up from their previous estimate of $11.94. William Blair also issued estimates for AutoZone’s Q2 2019 earnings at $9.66 EPS, Q3 2019 earnings at $14.65 EPS, Q4 2019 earnings at $21.12 EPS, FY2019 earnings at $57.50 EPS, Q3 2020 earnings at $16.25 EPS, Q4 2020 earnings at $22.07 EPS and FY2020 earnings at $62.00 EPS.

AutoZone (NYSE:AZO) last issued its earnings results on Tuesday, September 18th. The company reported $18.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $17.92 by $0.62. The company had revenue of $3.56 billion during the quarter, compared to analyst estimates of $3.60 billion. AutoZone had a negative return on equity of 101.73% and a net margin of 11.92%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the business posted $15.27 EPS.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research upgraded AutoZone from a “hold” rating to a “buy” rating and set a $860.00 target price for the company in a research note on Tuesday, August 28th. Bank of America lowered AutoZone from a “buy” rating to a “neutral” rating and set a $830.00 target price for the company. in a research note on Monday. Wells Fargo & Co raised their target price on AutoZone from $700.00 to $800.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 12th. They noted that the move was a valuation call. Deutsche Bank upgraded AutoZone from a “hold” rating to a “buy” rating and raised their target price for the stock from $675.00 to $805.00 in a research note on Wednesday, August 1st. Finally, Credit Suisse Group raised their target price on AutoZone from $790.00 to $810.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 5th. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. AutoZone currently has an average rating of “Buy” and an average target price of $773.95.

Shares of AZO stock opened at $761.91 on Thursday. The firm has a market capitalization of $19.37 billion, a P/E ratio of 15.00, a PEG ratio of 1.03 and a beta of 0.87. The company has a quick ratio of 0.14, a current ratio of 0.95 and a debt-to-equity ratio of -3.64. AutoZone has a 1 year low of $541.00 and a 1 year high of $797.89.

In other AutoZone news, insider Albert Saltiel sold 2,150 shares of AutoZone stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $717.90, for a total transaction of $1,543,485.00. Following the completion of the transaction, the insider now owns 2,297 shares in the company, valued at approximately $1,649,016.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Greystone Managed Investments Inc. grew its position in shares of AutoZone by 1.4% during the 2nd quarter. Greystone Managed Investments Inc. now owns 13,060 shares of the company’s stock valued at $8,762,000 after acquiring an additional 181 shares during the period. First Interstate Bank grew its position in shares of AutoZone by 332.7% during the 2nd quarter. First Interstate Bank now owns 238 shares of the company’s stock valued at $160,000 after acquiring an additional 183 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of AutoZone during the 2nd quarter valued at about $203,000. Nisa Investment Advisors LLC grew its position in shares of AutoZone by 13.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,320 shares of the company’s stock valued at $5,584,000 after acquiring an additional 1,017 shares during the period. Finally, Chesapeake Wealth Management acquired a new stake in shares of AutoZone during the 1st quarter valued at about $323,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories. It 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. The company's 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, thermostats, starters and alternators, and water pumps.

Featured Article: Closed-End Mutual Funds

Earnings History and Estimates for AutoZone (NYSE:AZO)

Receive News & Ratings for AutoZone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoZone and related companies with MarketBeat.com's FREE daily email newsletter.