AutoZone (AZO) to Release 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

AutoZone Price Performance

AZO stock opened at $3,020.66 on Friday. The company has a fifty day moving average price of $3,105.66 and a two-hundred day moving average price of $3,010.75. The stock has a market cap of $51.60 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 1.45 and a beta of 0.71. AutoZone has a one year low of $2,375.35 and a one year high of $3,256.37.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AZO shares. StockNews.com downgraded shares of AutoZone from a “buy” rating to a “hold” rating in a research report on Saturday. Wedbush reiterated an “outperform” rating and issued a $3,200.00 price target on shares of AutoZone in a research report on Thursday. Oppenheimer reissued a “market perform” rating and issued a $2,600.00 target price on shares of AutoZone in a report on Wednesday, June 26th. Guggenheim boosted their price objective on shares of AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, Evercore ISI reduced their target price on AutoZone from $3,900.00 to $3,350.00 and set an “outperform” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3,129.44.

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.