AutoZone, Inc. (AZO) to Release Earnings on Wednesday

AutoZone, Inc. (NYSE:AZO) is scheduled to be releasing its earnings data before the market opens on Wednesday, September 20th. Analysts expect AutoZone to post earnings of $15.25 per share for the quarter.

AutoZone, Inc. (AZO) opened at 551.55 on Wednesday. The company has a 50-day moving average price of $527.79 and a 200-day moving average price of $619.19. The firm has a market capitalization of $15.46 billion, a PE ratio of 12.74 and a beta of 0.62. AutoZone, Inc. has a 12-month low of $491.13 and a 12-month high of $813.70.

In related news, VP William T. Giles sold 10,000 shares of AutoZone stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $581.10, for a total transaction of $5,811,000.00. Following the transaction, the vice president now owns 18,500 shares in the company, valued at approximately $10,750,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Andrew Mckenna bought 300 shares of AutoZone stock in a transaction that occurred on Thursday, July 13th. The shares were acquired at an average price of $507.00 per share, for a total transaction of $152,100.00. Following the acquisition, the director now directly owns 5,131 shares in the company, valued at approximately $2,601,417. The disclosure for this purchase can be found here. Insiders own 2.60% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first reported by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.thestockobserver.com/2017/09/13/autozone-inc-azo-to-release-earnings-on-wednesday.html.

Several research firms have commented on AZO. BTIG Research reaffirmed a “buy” rating and issued a $825.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. CIBC reaffirmed a “buy” rating and issued a $900.00 target price on shares of AutoZone in a research note on Wednesday, May 24th. Deutsche Bank AG lowered their target price on shares of AutoZone from $800.00 to $650.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $900.00 target price on shares of AutoZone and gave the stock a “buy” rating in a research note on Tuesday, May 23rd. Finally, Bank of America Corporation cut shares of AutoZone from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $750.00 to $575.00 in a research note on Friday, July 7th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $776.64.

About AutoZone

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.

Earnings History for AutoZone (NYSE:AZO)

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

Leave a Reply