AutoZone (NYSE:AZO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, March 2nd. Analysts expect AutoZone to post earnings of $12.61 per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
AutoZone (NYSE:AZO) last announced its quarterly earnings results on Monday, December 7th. The company reported $18.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $17.72 by $0.89. The business had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $2.85 billion. AutoZone had a net margin of 14.05% and a negative return on equity of 139.08%. The business's revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $14.30 EPS. On average, analysts expect AutoZone to post $75 EPS for the current fiscal year and $84 EPS for the next fiscal year.
NYSE:AZO opened at $1,188.59 on Tuesday. The stock has a market capitalization of $27.05 billion, a P/E ratio of 15.57, a PEG ratio of 2.95 and a beta of 0.83. The company has a 50 day moving average price of $1,207.36 and a 200 day moving average price of $1,181.65. AutoZone has a fifty-two week low of $684.91 and a fifty-two week high of $1,297.82.
In other AutoZone news, VP Philip B. Daniele sold 740 shares of the company's stock in a transaction dated Thursday, December 17th. The shares were sold at an average price of $1,185.88, for a total value of $877,551.20. Following the sale, the vice president now owns 1,010 shares of the company's stock, valued at $1,197,738.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Domingo Hurtado sold 125 shares of the company's stock in a transaction dated Tuesday, January 5th. The shares were sold at an average price of $1,182.04, for a total transaction of $147,755.00. Following the completion of the sale, the vice president now directly owns 125 shares in the company, valued at approximately $147,755. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,619 shares of company stock worth $34,208,558. Insiders own 2.80% of the company's stock.
AZO has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of AutoZone in a research note on Wednesday, December 9th. They set a "buy" rating and a $1,500.00 price target on the stock. Jefferies Financial Group upgraded shares of AutoZone from a "hold" rating to a "buy" rating and set a $1,325.00 price target on the stock in a research note on Friday, December 11th. Finally, Zacks Investment Research lowered shares of AutoZone from a "strong-buy" rating to a "hold" rating and set a $1,203.00 price target on the stock. in a research note on Tuesday, November 17th. Four equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of "Buy" and an average target price of $1,323.71.
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
Further Reading: Overbought
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Marijuana Stocks Worth Speculating On
To say it’s been a rough two years for the cannabis industry is an understatement. Due to a combination of issues (including some self-inflicted wounds), the cannabis boom predicted in 2018 has not materialized. But that could be about to change.
If Joe Biden wins the presidential election, it will likely be part of a “Blue Wave” that will bring Democratic party control of both houses of Congress. And even if President Trump successfully wins a second term, it is still possible that Republicans could lose their hold on the Senate.
The bottom line is there is a range of outcomes that are possible. Most of those outcomes are favorable to the legalization of marijuana. And even if cannabis is not made legal on the federal level, it seems likely that the remaining states holding out will take steps to legalization. That’s because, like gambling, cannabis may create an economic lift that cash-strapped states may find too difficult to turn down.
One thing is certain. If you wait until the right time, you’ll have missed out on some eye-popping initial gains. But to get that reward in the future, you’ll need to assume some risk now. In this special presentation, we’ve identified seven cannabis stocks that you can consider when evaluating your opportunity in the cannabis sector.
View the "7 Marijuana Stocks Worth Speculating On ".