Wall Street analysts expect O’Reilly Automotive, Inc. (NASDAQ:ORLY) to announce $2.77 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for O’Reilly Automotive’s earnings, with estimates ranging from $2.70 to $2.83. O’Reilly Automotive reported earnings per share of $2.59 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that O’Reilly Automotive will report full year earnings of $11.88 per share for the current year, with EPS estimates ranging from $11.54 to $11.98. For the next fiscal year, analysts anticipate that the firm will report earnings of $13.01 per share, with EPS estimates ranging from $12.55 to $13.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover O’Reilly Automotive.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. O’Reilly Automotive’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 earnings per share.
Several research analysts recently weighed in on ORLY shares. Citigroup Inc upped their price target on O’Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a research report on Friday, October 27th. UBS Group AG (USA) reissued a “buy” rating and set a $230.00 price target (down from $255.00) on shares of O’Reilly Automotive in a research report on Tuesday, July 25th. Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 price target on the stock in a research report on Tuesday, July 18th. They noted that the move was a valuation call. Bank of America Corporation reissued a “buy” rating and set a $250.00 price target on shares of O’Reilly Automotive in a research report on Tuesday, September 5th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $243.48.
O’Reilly Automotive (ORLY) opened at $212.50 on Friday. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. The company has a debt-to-equity ratio of 4.72, a current ratio of 0.93 and a quick ratio of 0.10.
O’Reilly Automotive announced that its board has initiated a stock repurchase program on Friday, September 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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In other news, Director Rosalie Oreilly Wooten sold 5,000 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the completion of the sale, the director now owns 72,562 shares in the company, valued at approximately $14,575,528.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,120 shares of company stock valued at $2,640,736. 3.12% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in ORLY. Monetary Management Group Inc. boosted its stake in O’Reilly Automotive by 16.3% during the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock valued at $102,000 after purchasing an additional 65 shares during the period. Barrett Asset Management LLC boosted its stake in O’Reilly Automotive by 261.5% during the 2nd quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 340 shares during the period. Proficio Capital Partners LLC boosted its stake in O’Reilly Automotive by 1.0% during the 2nd quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock valued at $105,000 after purchasing an additional 5 shares during the period. Sun Life Financial INC boosted its stake in O’Reilly Automotive by 5,107.7% during the 2nd quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock valued at $148,000 after purchasing an additional 664 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co boosted its stake in O’Reilly Automotive by 15.9% during the 2nd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 730 shares of the specialty retailer’s stock valued at $160,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.
About O’Reilly Automotive
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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