AutoZone, Inc.Earnings Reports
AutoZone, Inc. (Public, NYSE:AZO). Last Market Price: 296.71, Change: +0.10, % Change: (0.03%). Shares trade in the range of 294.84 – 297.81 dollars. It has a market capitalization of 12.52B dollars and has 42.21M outstanding shares. The company has a beta of 0.46, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 18.06; P/E of 16.43. It operates in Services Sector and belongs to Retail (Specialty) industry. AutoZone, Inc. is a retailer and a distributor of automotive replacement parts and accessories. The company has a 52 week high of $ 298.47 and a 52 week low of $ 183.70. Average volumes of shares traded daily are 374,574.00. Volume traded in the last session was at 293,976.00, 0.79 times the average volume.
- Company says they continue to grow share in both DIY and DISM.
Company says their increased effort in the commercial business has paid off, this represents their 4th straight qtr of 20% sales growth. Co says commercial in a tremendous opportunity for them because they are only capturing a small portion of the market place. Co notes commercial will have some drag on margins. Co wants to grow sales in the direct to customers segments and says they are in the very early innings of this segment. They are focused on providing great service and refining their hub strategies. They expanding or relocating 20 hub locations. Inventory balance was $2.5 bln which reflects the additional coverage of more categories. Co says in the future inventory growth will be up a more modest amount. When asked about the expense point of view on the commercial side of the business, the co will continue to invest in the segment. They believe it is a very immature business for them and they will continue to invest and take market share. Co said if the industry did slow, they are confident that they can manage their cost structure, as they have proven in the past.
For Q1 (Feb ’11), It had a Net profit margin of 8.91%, an Operating margin of 16.36%. Other Key stats and ratios are : Return on average assets of 11.28%, Return on average equity of -. The organization has an employee strength of 35,280
Senior management consists of William C. Rhodes III, ( Age: 45 ), as Chairman of the Board, President, Chief Executive Officer, William T. Giles, ( Age: 50 ), as Chief Financial Officer, EVP – Finance, Information Technology and Store Development and Harry L. Goldsmith, ( Age: 59 ), as Executive Vice President, General Counsel, Secretary.
Consensus Recommendation is a Hold.
Estimate for sales for the Quarter Ending May-11 show a mean of 1,918.11 million dollars, an estimate high of 1,954.05 million dollars and an estimate low of 1,878.30 million dollars.
Estimate for EPS for the Quarter Ending May-11 show a mean of 4.97 dollars, an estimate high of 5.10 dollars and an estimate low of 4.67 dollars.
Sales for Quarter Ending May-11 was estimated at 1,918.11 million dollars, however the actual sales figure stood at 1,978.37 million dollars, 60.26 million dollars more than estimates.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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