O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities researchers at Wedbush upped their Q4 2017 earnings estimates for shares of O'Reilly Automotive in a research note issued to investors on Tuesday, according to Zacks Investment Research. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings of $2.87 per share for the quarter, up from their previous estimate of $2.83. Wedbush currently has a “Neutral” rating and a $250.00 price objective on the stock. Wedbush also issued estimates for O'Reilly Automotive’s FY2018 earnings at $12.68 EPS and FY2019 earnings at $13.41 EPS.
O'Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, topping the consensus estimate of $3.15 by $0.07. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. O'Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The business’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 EPS.
ORLY has been the topic of several other reports. UBS Group restated a “buy” rating and set a $240.00 target price (up from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. Royal Bank of Canada upgraded shares of O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, December 13th. Credit Suisse Group set a $193.00 target price on shares of O'Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price on the stock in a research report on Wednesday, December 27th. Finally, BidaskClub upgraded shares of O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday. Twelve investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $249.45.
Shares of O'Reilly Automotive (NASDAQ:ORLY) traded up $1.30 during midday trading on Thursday, hitting $259.75. 813,800 shares of the company’s stock traded hands, compared to its average volume of 875,638. The stock has a market cap of $22,170.00, a price-to-earnings ratio of 22.11, a P/E/G ratio of 1.40 and a beta of 0.84. O'Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $282.83. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.
In other O'Reilly Automotive news, insider Jeff M. Shaw sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $250.00, for a total value of $2,500,000.00. Following the transaction, the insider now directly owns 34,285 shares in the company, valued at approximately $8,571,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $241.34, for a total transaction of $250,993.60. Following the completion of the transaction, the senior vice president now owns 9,263 shares in the company, valued at $2,235,532.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 159,945 shares of company stock worth $36,282,766. 3.12% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in ORLY. NEXT Financial Group Inc purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $100,000. Monetary Management Group Inc. lifted its holdings in O'Reilly Automotive by 16.3% in 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 in the last quarter. Amica Retiree Medical Trust purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $107,000. Fieldpoint Private Securities LLC purchased a new position in O'Reilly Automotive in the 3rd quarter valued at about $141,000. Finally, Sun Life Financial INC lifted its holdings in O'Reilly Automotive by 5,107.7% in 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 in the last quarter. Institutional investors own 88.31% of the company’s stock.
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O'Reilly Automotive Company Profile
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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