AutoZone (AZO) Scheduled to Post Quarterly Earnings on Tuesday

AutoZone (NYSE:AZO) will be posting its quarterly earnings results before the market opens on Tuesday, September 24th. Analysts expect AutoZone to post earnings of $53.61 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

AutoZone Stock Performance

AZO stock opened at $3,101.04 on Tuesday. The company has a market capitalization of $52.98 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 1.45 and a beta of 0.71. AutoZone has a fifty-two week low of $2,375.35 and a fifty-two week high of $3,256.37. The stock has a fifty day moving average of $3,091.28 and a 200-day moving average of $3,010.86.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AZO shares. Guggenheim lifted their price target on AutoZone from $3,150.00 to $3,225.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Oppenheimer reaffirmed a “market perform” rating and issued a $2,600.00 price target on shares of AutoZone in a research note on Wednesday, June 26th. Truist Financial reduced their target price on AutoZone from $3,523.00 to $3,394.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. UBS Group reduced their target price on AutoZone from $3,465.00 to $3,340.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Finally, Wedbush restated an “outperform” rating and set a $3,200.00 price target on shares of AutoZone in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, AutoZone has a consensus rating of “Moderate Buy” and an average price target of $3,112.71.

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.