$2.47 Billion in Sales Expected for O’Reilly Automotive Inc (NASDAQ:ORLY) This Quarter

Wall Street brokerages expect O’Reilly Automotive Inc (NASDAQ:ORLY) to post $2.47 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for O’Reilly Automotive’s earnings, with the lowest sales estimate coming in at $2.45 billion and the highest estimate coming in at $2.50 billion. O’Reilly Automotive reported sales of $2.31 billion during the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The firm is expected to report its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that O’Reilly Automotive will report full year sales of $10.14 billion for the current fiscal year, with estimates ranging from $10.07 billion to $10.17 billion. For the next year, analysts expect that the company will post sales of $10.69 billion, with estimates ranging from $10.58 billion to $10.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 EPS for the quarter, beating the consensus estimate of $4.79 by $0.29. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.64 billion. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $4.50 EPS.

A number of equities research analysts have commented on ORLY shares. BidaskClub cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Thursday, November 21st. Raymond James began coverage on O’Reilly Automotive in a research report on Monday, October 7th. They issued a “market perform” rating and a $430.00 price target for the company. Citigroup lowered O’Reilly Automotive from a “buy” rating to a “neutral” rating and dropped their target price for the company from $441.00 to $430.00 in a research report on Friday, September 13th. Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $425.00 target price for the company in a research report on Monday, October 14th. Finally, Wells Fargo & Co restated a “buy” rating and set a $455.00 target price (up previously from $450.00) on shares of O’Reilly Automotive in a research report on Wednesday, October 23rd. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $489.53.

Shares of O’Reilly Automotive stock opened at $442.09 on Thursday. O’Reilly Automotive has a one year low of $326.71 and a one year high of $454.31. The stock’s fifty day moving average is $433.55 and its 200 day moving average is $396.49. The stock has a market cap of $33.46 billion, a P/E ratio of 27.46, a P/E/G ratio of 1.74 and a beta of 0.69. The company has a debt-to-equity ratio of 32.16, a quick ratio of 0.08 and a current ratio of 0.81.

In other news, SVP Scott E. Kraus sold 5,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $435.00, for a total transaction of $2,175,000.00. Following the transaction, the senior vice president now directly owns 6,502 shares of the company’s stock, valued at $2,828,370. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Mcfall sold 8,322 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $437.23, for a total value of $3,638,628.06. Following the transaction, the chief financial officer now directly owns 13,921 shares in the company, valued at $6,086,678.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,652 shares of company stock worth $34,085,063. Insiders own 2.52% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Prime Capital Investment Advisors LLC grew its holdings in shares of O’Reilly Automotive by 15.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,130 shares of the specialty retailer’s stock valued at $849,000 after buying an additional 280 shares during the last quarter. National Pension Service grew its holdings in shares of O’Reilly Automotive by 4.8% during the second quarter. National Pension Service now owns 111,202 shares of the specialty retailer’s stock valued at $41,069,000 after buying an additional 5,141 shares during the last quarter. Pennsylvania Trust Co purchased a new stake in shares of O’Reilly Automotive during the third quarter valued at $213,000. CNB Bank grew its holdings in shares of O’Reilly Automotive by 107.5% during the third quarter. CNB Bank now owns 440 shares of the specialty retailer’s stock valued at $175,000 after buying an additional 228 shares during the last quarter. Finally, Profund Advisors LLC grew its holdings in shares of O’Reilly Automotive by 11.8% during the second quarter. Profund Advisors LLC now owns 7,144 shares of the specialty retailer’s stock valued at $2,638,000 after buying an additional 753 shares during the last quarter. 83.28% of the stock is currently owned by institutional investors and hedge funds.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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