AutoZone (AZO) reported quarterly earnings results on Tuesday, May-24-2016. The company reported $10.77 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $10.92. The company posted revenue of $2593.70 million in the period, compared to analysts expectations of $2645.31 million. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.57 EPS.
Many Wall Street Analysts have commented on AutoZone. Gabelli & Co Resumed AutoZone on Apr 15, 2016 to “Buy”, Price Target of the shares are set at $935.Barclays Initiated AutoZone on Mar 31, 2016 to “Overweight”, Price Target of the shares are set at $870.Company shares were Reiterated by Wedbush on Mar 2, 2016 to “Outperform”, Firm has raised the Price Target to $ 870 from a previous price target of $800 .
AutoZone opened for trading at $759.24 and hit $769.16 on the upside on Friday, eventually ending the session at $761.56, with a gain of 0.67% or 5.04 points. The heightened volatility saw the trading volume jump to 3,86,192 shares. Company has a market cap of $22,739 M.
In a different news, on Apr 20, 2016, Richard Craig Smith (Sr. Vice President) sold 3,500 shares at $781.50 per share price. According to the SEC, on Apr 14, 2016, Albert Saltiel (Sr. Vice President) sold 500 shares at $782.25 per share price. On Mar 16, 2016, Mark A. Finestone (Exec. Vice President) sold 9,600 shares at $798.64 per share price, according to the Form-4 filing with the securities and exchange commission.
AutoZone Inc. (AutoZone) is a retailer and a distributor of automotive replacement parts and accessories in the United States. The Company’s segments include Auto Parts Stores and Other. The Company’s Auto Parts Stores segment includes Domestic Auto Parts Mexico Brazil and Interamerican Motor Corporation (IMC). The Company’s Other segment includes business activities of ALLDATA E-commerce and AutoAnything. The ALLDATA produces sells and maintains diagnostic and repair information software used in the automotive repair industry. The e-commerce includes direct sales to customers through www.autozone.com. The AutoAnything includes direct sales to customers through www.autoanything.com. The Company operates approximately 5069 AutoZone stores in the United States including stores in Puerto Rico Mexico Brazil and IMC branches. IMC branches carry a line of original equipment import replacement parts.