AutoZone (AZO) Set to Announce Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) is set to issue its quarterly earnings data before the market opens on Tuesday, September 24th. Analysts expect the company to announce earnings of $53.61 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

AutoZone Price Performance

AZO opened at $3,101.04 on Tuesday. AutoZone has a 12-month low of $2,375.35 and a 12-month high of $3,256.37. The firm’s fifty day moving average price is $3,091.28 and its 200 day moving average price is $3,010.86. The stock has a market capitalization of $52.98 billion, a PE ratio of 21.45, a P/E/G ratio of 1.45 and a beta of 0.71.

Analysts Set New Price Targets

AZO has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of AutoZone from $3,420.00 to $3,250.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Oppenheimer restated a “market perform” rating and set a $2,600.00 price target on shares of AutoZone in a report on Wednesday, June 26th. Mizuho cut their price target on shares of AutoZone from $3,450.00 to $3,280.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Wedbush restated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a report on Wednesday, July 10th. Finally, Wolfe Research cut their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3,112.71.

About AutoZone

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.