Analysts predict that O'Reilly Automotive Inc (NASDAQ:ORLY) will announce earnings per share of $2.77 for the current quarter, Zacks reports. Nine analysts have made estimates for O'Reilly Automotive’s earnings, with the highest EPS estimate coming in at $2.86 and the lowest estimate coming in at $2.69. O'Reilly Automotive reported earnings per share of $2.59 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.9%. The business is expected to report its next earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that O'Reilly Automotive will report full-year earnings of $11.89 per share for the current year, with EPS estimates ranging from $11.54 to $12.01. For the next fiscal year, analysts anticipate that the company will report earnings of $13.05 per share, with EPS estimates ranging from $12.56 to $13.82. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for O'Reilly Automotive.
O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.15 by $0.07. The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS.
ORLY has been the topic of a number of research reports. Oppenheimer set a $220.00 target price on O'Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. UBS reiterated a “buy” rating and issued a $240.00 target price (up previously from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Bank of America reiterated a “buy” rating and issued a $250.00 target price on shares of O'Reilly Automotive in a report on Tuesday, September 5th. Moffett Nathanson initiated coverage on O'Reilly Automotive in a report on Monday, December 4th. They issued a “buy” rating on the stock. Finally, Citigroup upped their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the company a “buy” rating in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. O'Reilly Automotive currently has an average rating of “Buy” and an average target price of $243.48.
O'Reilly Automotive (NASDAQ ORLY) opened at $251.07 on Monday. The firm has a market capitalization of $21,347.98, a PE ratio of 21.81, a PEG ratio of 1.48 and a beta of 0.84. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $286.57. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.
O'Reilly Automotive announced that its Board of Directors has approved a stock buyback plan on Friday, September 1st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other O'Reilly Automotive news, Chairman David E. Oreilly sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now owns 135,776 shares of the company’s stock, valued at $29,910,095.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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 three months, insiders sold 149,945 shares of company stock valued at $33,756,392. 3.12% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. Monetary Management Group Inc. boosted its position in O'Reilly Automotive by 16.3% during the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 65 shares during the period. NEXT Financial Group Inc bought a new stake in O'Reilly Automotive during the third quarter worth approximately $100,000. Amica Retiree Medical Trust bought a new stake in O'Reilly Automotive during the third quarter worth approximately $107,000. Proficio Capital Partners LLC boosted its position in O'Reilly Automotive by 1.0% during the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after purchasing an additional 5 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in O'Reilly Automotive during the third quarter worth approximately $141,000. 88.56% of the stock is owned by hedge funds and other institutional investors.
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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