AutoZone (NYSE:AZO) issued its quarterly earnings results on Tuesday. The company reported $22.59 EPS for the quarter, beating analysts’ consensus estimates of $21.80 by $0.79, Fidelity Earnings reports. AutoZone had a negative return on equity of 98.67% and a net margin of 13.63%. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter in the prior year, the firm earned $18.54 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year.
Shares of AZO opened at $1,085.69 on Friday. The stock’s 50-day simple moving average is $1,110.60 and its 200 day simple moving average is $1,075.06. The stock has a market capitalization of $26.90 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.37 and a beta of 0.65. AutoZone has a 52-week low of $705.01 and a 52-week high of $1,186.60.
In related news, Director Earl G. Graves, Jr. sold 500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,077.04, for a total transaction of $538,520.00. Following the sale, the director now owns 4,607 shares of the company’s stock, valued at approximately $4,961,923.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.
AutoZone Company Profile
AutoZone, Inc retails and distributes automotive replacement parts and accessories. The company offers 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. Its products include A/C compressors, batteries and accessories, bearings, belts and hoses, calipers, carburetors, chassis, clutches, CV axles, engines, fuel pumps, fuses, ignition and lighting products, mufflers, radiators, starters and alternators, thermostats, and water pumps.
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