William Blair Weighs in on AutoZone FY2027 Earnings

Key Points

• William Blair estimates AutoZone's earnings per share for FY2027 at $180.00, surpassing the current consensus estimate of $152.94 per share.
• Guggenheim and Evercore ISI have recently raised their price targets for AutoZone, with Guggenheim increasing it from $4,100.00 to $4,600.00 and Evercore ISI from $4,250.00 to $4,500.00, indicating strong buy sentiments.
• AutoZone reported a quarterly EPS of $48.71, which missed analysts' expectations by ($1.81), with revenues reaching $6.24 billion, slightly below projections.

AutoZone, Inc. (NYSE:AZO - Free Report) - Stock analysts at William Blair issued their FY2027 earnings per share (EPS) estimates for shares of AutoZone in a report issued on Tuesday, September 23rd. William Blair analyst P. Blee forecasts that the company will post earnings per share of $180.00 for the year. The consensus estimate for AutoZone's current full-year earnings is $152.94 per share.

Several other research analysts have also recently weighed in on AZO. Guggenheim boosted their price objective on shares of AutoZone from $4,100.00 to $4,600.00 and gave the company a "buy" rating in a report on Wednesday. Evercore ISI lifted their price target on shares of AutoZone from $4,250.00 to $4,500.00 and gave the stock an "outperform" rating in a research note on Thursday, September 18th. UBS Group reduced their price objective on AutoZone from $4,925.00 to $4,800.00 and set a "buy" rating for the company in a research note on Wednesday. BMO Capital Markets reaffirmed an "outperform" rating and issued a $4,100.00 target price (up from $3,850.00) on shares of AutoZone in a report on Wednesday, May 28th. Finally, Mizuho boosted their price target on AutoZone from $3,740.00 to $4,050.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $4,519.46.

AutoZone Stock Performance

NYSE AZO opened at $4,176.31 on Thursday. The company has a market capitalization of $70.09 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 2.28 and a beta of 0.41. The stock has a 50-day moving average of $4,060.00 and a 200 day moving average of $3,809.83. AutoZone has a one year low of $2,980.10 and a one year high of $4,388.11.

AutoZone (NYSE:AZO - Get Free Report) last released its earnings results on Tuesday, September 23rd. The company reported $48.71 EPS for the quarter, missing the consensus estimate of $50.52 by ($1.81). AutoZone had a negative return on equity of 60.49% and a net margin of 13.19%.The company had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same period last year, the firm posted $51.58 earnings per share. The company's revenue was up .6% compared to the same quarter last year.

Institutional Trading of AutoZone

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its position in shares of AutoZone by 14.4% during the fourth quarter. Brighton Jones LLC now owns 111 shares of the company's stock valued at $356,000 after buying an additional 14 shares during the last quarter. GTS Securities LLC increased its holdings in AutoZone by 103.5% in the 4th quarter. GTS Securities LLC now owns 125 shares of the company's stock valued at $400,000 after acquiring an additional 3,734 shares during the last quarter. Toronto Dominion Bank lifted its stake in AutoZone by 13.9% in the 4th quarter. Toronto Dominion Bank now owns 7,136 shares of the company's stock worth $22,848,000 after purchasing an additional 871 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in AutoZone by 9.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,961 shares of the company's stock worth $19,088,000 after purchasing an additional 508 shares in the last quarter. Finally, DSG Capital Advisors LLC bought a new position in shares of AutoZone during the 4th quarter valued at about $7,931,000. Institutional investors own 92.74% of the company's stock.

Insider Buying and Selling

In other news, VP Richard Craig Smith sold 3,000 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total value of $11,627,700.00. Following the transaction, the vice president directly owned 2,925 shares in the company, valued at $11,337,007.50. The trade was a 50.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides 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.

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