AutoZone (AZO) Releases Earnings Results, Beats Expectations By $0.06 EPS

AutoZone (AZO) announced its most recent quarterly financial results on Thursday, Sep-22-2016. AZO said it had a profit of $14.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $14.24. The company posted revenue of $3398.80 million in the period, compared to analysts expectations of $3423.82 million. AZO’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.75 EPS.

Many Wall Street Analysts have commented on AutoZone. UBS Upgraded AutoZone on Sep 12, 2016 to ” Buy”, Price Target of the shares are set at $825.Susquehanna Initiated AutoZone on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $810.

AutoZone closed down -2.29 points or -0.31% at $744.06 with 3,62,168 shares getting traded on Tuesday. Post opening the session at $749.02, the shares hit an intraday low of $742 and an intraday high of $750.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 11, 2016, Thomas B Newbern (Exec. Vice President) sold 16,870 shares at $800.86 per share price. According to the SEC, on Jul 20, 2016, Earl G Jr Graves (director) sold 1,000 shares at $795.24 per share price. On Jul 11, 2016, William R. Hackney (Sr. Vice President) sold 1,450 shares at $810.60 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.

AutoZone

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