AutoZone, Inc. (NYSE:AZO) – Investment analysts at Gabelli decreased their FY2018 earnings per share (EPS) estimates for AutoZone in a research note issued to investors on Wednesday. Gabelli analyst C. Jolly now forecasts that the company will post earnings of $45.55 per share for the year, down from their previous forecast of $47.55. Gabelli also issued estimates for AutoZone’s FY2019 earnings at $51.50 EPS, FY2020 earnings at $56.65 EPS, FY2021 earnings at $62.25 EPS and FY2022 earnings at $68.25 EPS.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 5th. The company reported $10.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $9.90 by $0.10. The business had revenue of $2.59 billion during 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 last year, the firm earned $9.36 EPS.

A number of other research firms have also recently weighed in on AZO. Deutsche Bank increased their price objective on shares of AutoZone from $625.00 to $700.00 in a research report on Thursday. Royal Bank Of Canada lowered their price objective on shares of AutoZone from $577.00 to $571.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 20th. Jefferies Group reaffirmed a “hold” rating and set a $720.00 price objective on shares of AutoZone in a research report on Wednesday. Zacks Investment Research cut shares of AutoZone from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, UBS reaffirmed a “buy” rating and set a $655.00 price objective (down previously from $725.00) on shares of AutoZone in a research report on Wednesday, September 20th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. AutoZone currently has a consensus rating of “Hold” and an average target price of $733.89.

AutoZone (AZO) traded up $3.69 during trading hours on Friday, hitting $702.34. 417,200 shares of the company were exchanged, compared to its average volume of 464,011. The company has a debt-to-equity ratio of -3.27, a current ratio of 0.93 and a quick ratio of 0.15. The stock has a market cap of $19,046.60, a PE ratio of 15.64, a P/E/G ratio of 1.28 and a beta of 0.72. AutoZone has a 1 year low of $491.13 and a 1 year high of $813.70.

In related news, Director William Andrew Mckenna sold 3,000 shares of AutoZone stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $584.96, for a total transaction of $1,754,880.00. Following the sale, the director now directly owns 8,131 shares in the company, valued at approximately $4,756,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman William C. Rhodes III sold 26,500 shares of AutoZone stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $701.84, for a total transaction of $18,598,760.00. Following the sale, the chairman now owns 11,464 shares in the company, valued at $8,045,893.76. The disclosure for this sale can be found here. Insiders sold a total of 43,123 shares of company stock worth $29,883,110 over the last 90 days. Company insiders own 2.60% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Fieldpoint Private Securities LLC acquired a new position in AutoZone in the second quarter valued at $114,000. Salem Investment Counselors Inc. increased its stake in AutoZone by 3.5% in the second quarter. Salem Investment Counselors Inc. now owns 264 shares of the company’s stock valued at $151,000 after purchasing an additional 9 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new position in AutoZone in the third quarter valued at $179,000. Global X Management Co. LLC increased its stake in AutoZone by 12.9% in the second quarter. Global X Management Co. LLC now owns 323 shares of the company’s stock valued at $184,000 after purchasing an additional 37 shares during the period. Finally, Jarislowsky Fraser Ltd acquired a new position in AutoZone in the third quarter valued at $202,000. Hedge funds and other institutional investors own 98.89% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/12/08/fy2018-eps-estimates-for-autozone-inc-decreased-by-analyst-azo.html.

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.

Earnings History and Estimates 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.