AutoZone reports fiscal Q1 numbers December 4

AZO
About AutoZone Inc.

AutoZone is the premier seller of aftermarket automotive parts, tools, and accessories to do-it-yourself customers in the United States. The company derives an increasing proportion of its sales from domestic commercial customers, just over 20% in fiscal 2018, and has a growing presence in Mexico and Brazil. AutoZone had 6,202 stores in the U.S., Mexico, and Brazil as of the end of fiscal 2018.

  • Last Price:
    $885.87
  • Previous Close:
    $870.16
  • Change:
    $15.71 (1.81%)
  • Open:
    $874.07
  • Volume:
    371,110
  • Average Volume (100 Day):
    314,684
  • Market Capitalization:
    $22.3 B
  • Day's Range:
    $864.44 - $890.33
  • Dividend Yield:
    0.00%
  • 52-week Range:
    $894 - $590.76
  • P-E:
    12.00
  • EPS:
    $72.62
  • Earnings Date:
    2/26/19
  • Ex Dividend Date:
    N/A
  • Sector:
    Consumer Cyclical
  • Industry:
    Specialty Retail
  • Analyst Average Recommendation:
    Moderate Buy

What's Happening With AZO View more about AZO >

Auto parts retailer AutoZone (AZO) is scheduled to report its fiscal first-quarter numbers before the market open December 4. Analysts forecast earnings of $12.21 per share versus $10.00 during the same period last year. AZO stock is up 13% for the year.

Technical Analysis

AZO was recently trading at $806.15 down $35.95 from its 12-month high and $215.39 above its 12-month low. InvestorsObserver’s Stock Score Report gives AZO a 96 long-term technical score and a 91 short-term technical score. The stock has recent support above $800 and recent resistance below $827. Of the 16 analysts who cover the stock 9 rate it Strong Buy, 0 rate it Buy, 7 rate it Hold, 0 rate it Sell, and 0 rate it Strong Sell, AZO gets a score of 83 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

AZO has been strong over the last six months and the stock is currently sitting just shy of its 52-week high. The company blew away analyst estimates last quarter and the street is looking for another beat this quarter with a whisper number for earnings of $12.26 per share for the quarter. Even with the recent gains the stock remains favorably priced with a forward P/E of just 13 and earnings expected to rise 11% per annum over the next five years. The low valuation and strong growth estimates make the stock look attractive at this time. AZO is trading at $806.15 and analysts have set an average price target of $840.45.  

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