William Blair Estimates AutoZone FY2027 Earnings

AutoZone, Inc. (NYSE:AZO) – Stock analysts at William Blair issued their FY2027 earnings per share estimates for AutoZone in a research note issued to investors on Tuesday, September 23rd. William Blair analyst P. Blee expects that the company will earn $180.00 per share for the year. The consensus estimate for AutoZone’s current full-year earnings is $152.94 per share.

A number of other research firms have also recently weighed in on AZO. Citigroup reduced their price target on AutoZone from $4,900.00 to $4,775.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group reduced their price target on AutoZone from $4,925.00 to $4,800.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen upped their price target on AutoZone from $4,300.00 to $4,900.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. JPMorgan Chase & Co. upped their price target on AutoZone from $4,200.00 to $4,850.00 and gave the stock an “overweight” rating in a report on Monday, September 15th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $4,750.00 price target (down previously from $4,800.00) on shares of AutoZone in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $4,538.21.

AutoZone Trading Down 1.1%

NYSE AZO opened at $4,131.49 on Thursday. The stock has a market capitalization of $69.33 billion, a price-to-earnings ratio of 28.52, a PEG ratio of 2.31 and a beta of 0.41. AutoZone has a twelve month low of $2,980.10 and a twelve month high of $4,388.11. The stock has a 50-day moving average of $4,069.65 and a 200 day moving average of $3,812.91.

AutoZone (NYSE:AZO) last released its quarterly earnings results on Tuesday, September 23rd. The company reported $48.71 earnings per share for the quarter, missing analysts’ consensus estimates of $50.52 by ($1.81). The business had revenue of $6.24 billion during the quarter, compared to analyst estimates of $6.26 billion. AutoZone had a negative return on equity of 60.49% and a net margin of 13.19%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $51.58 EPS.

Insider Activity at AutoZone

In other AutoZone news, VP Richard Craig Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $3,875.90, for a total transaction of $11,627,700.00. Following the completion of the transaction, the vice president owned 2,925 shares of the company’s stock, valued at $11,337,007.50. This represents a 50.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On AutoZone

Hedge funds have recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new stake in shares of AutoZone in the first quarter valued at approximately $27,000. Saudi Central Bank acquired a new stake in shares of AutoZone in the first quarter valued at approximately $27,000. Aspect Partners LLC increased its holdings in shares of AutoZone by 700.0% in the second quarter. Aspect Partners LLC now owns 8 shares of the company’s stock valued at $30,000 after purchasing an additional 7 shares during the last quarter. Bank of Jackson Hole Trust acquired a new stake in shares of AutoZone in the second quarter valued at approximately $33,000. Finally, NewSquare Capital LLC increased its holdings in shares of AutoZone by 50.0% in the second quarter. NewSquare Capital LLC now owns 9 shares of the company’s stock valued at $33,000 after purchasing an additional 3 shares during the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

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.