AutoZone, Inc. to Post FY2024 Earnings of $148.61 Per Share, Zacks Research Forecasts (NYSE:AZO)

AutoZone, Inc. (NYSE:AZOFree Report) – Equities researchers at Zacks Research cut their FY2024 earnings per share estimates for shares of AutoZone in a research note issued to investors on Tuesday, June 4th. Zacks Research analyst L. Shahu now expects that the company will post earnings of $148.61 per share for the year, down from their previous estimate of $150.76. The consensus estimate for AutoZone’s current full-year earnings is $151.75 per share. Zacks Research also issued estimates for AutoZone’s Q1 2025 earnings at $35.95 EPS, Q2 2025 earnings at $30.99 EPS, Q3 2025 earnings at $38.15 EPS, Q4 2025 earnings at $54.23 EPS, FY2025 earnings at $159.32 EPS, Q2 2026 earnings at $39.55 EPS, Q3 2026 earnings at $42.72 EPS and FY2026 earnings at $182.42 EPS.

AZO has been the topic of a number of other research reports. Wedbush lowered their target price on AutoZone from $3,400.00 to $3,200.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 22nd. Barclays lowered their price target on AutoZone from $3,100.00 to $3,024.00 and set an “overweight” rating on the stock in a research report on Thursday, May 23rd. UBS Group cut their price objective on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. DA Davidson boosted their target price on shares of AutoZone from $2,770.00 to $3,025.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Wolfe Research cut their price target on shares of AutoZone from $3,150.00 to $3,000.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, AutoZone presently has a consensus rating of “Moderate Buy” and an average price target of $3,104.13.

Get Our Latest Analysis on AutoZone

AutoZone Price Performance

Shares of NYSE:AZO opened at $2,764.69 on Thursday. The company’s 50-day moving average price is $2,936.88 and its two-hundred day moving average price is $2,834.23. AutoZone has a one year low of $2,303.93 and a one year high of $3,256.37. The stock has a market capitalization of $47.88 billion, a PE ratio of 19.12, a price-to-earnings-growth ratio of 1.40 and a beta of 0.71.

AutoZone (NYSE:AZOGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The company reported $36.69 EPS for the quarter, topping analysts’ consensus estimates of $35.67 by $1.02. The business had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.29 billion. AutoZone had a net margin of 14.60% and a negative return on equity of 54.69%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $34.12 earnings per share.

Insider Transactions at AutoZone

In other AutoZone news, VP Jenna M. Bedsole purchased 36 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average cost of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the transaction, the vice president now owns 36 shares in the company, valued at $99,255.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other AutoZone news, Chairman William C. Rhodes III sold 6,700 shares of AutoZone stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $3,190.22, for a total value of $21,374,474.00. Following the completion of the transaction, the chairman now directly owns 15,357 shares of the company’s stock, valued at approximately $48,992,208.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jenna M. Bedsole bought 36 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were bought at an average price of $2,757.10 per share, with a total value of $99,255.60. Following the completion of the transaction, the vice president now owns 36 shares in the company, valued at approximately $99,255.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 12,990 shares of company stock valued at $41,341,913. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AZO. International Assets Investment Management LLC increased its holdings in AutoZone by 232,194.6% in the 4th quarter. International Assets Investment Management LLC now owns 731,728 shares of the company’s stock valued at $1,891,963,000 after buying an additional 731,413 shares during the period. Norges Bank acquired a new position in AutoZone during the fourth quarter valued at approximately $678,350,000. Wellington Management Group LLP lifted its stake in AutoZone by 111.4% during the third quarter. Wellington Management Group LLP now owns 335,190 shares of the company’s stock worth $851,379,000 after purchasing an additional 176,623 shares during the last quarter. Captrust Financial Advisors lifted its stake in AutoZone by 564.2% during the first quarter. Captrust Financial Advisors now owns 152,091 shares of the company’s stock worth $479,338,000 after purchasing an additional 129,193 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of AutoZone by 341.5% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 159,285 shares of the company’s stock valued at $404,582,000 after purchasing an additional 123,208 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

About AutoZone

(Get Free Report)

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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Earnings History and Estimates for AutoZone (NYSE:AZO)

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