O’Reilly Automotive Inc (NASDAQ:ORLY) Expected to Post Earnings of $3.86 Per Share

Equities analysts expect that O’Reilly Automotive Inc (NASDAQ:ORLY) will post $3.86 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for O’Reilly Automotive’s earnings, with the lowest EPS estimate coming in at $3.38 and the highest estimate coming in at $4.17. O’Reilly Automotive posted earnings per share of $4.51 in the same quarter last year, which suggests a negative year over year growth rate of 14.4%. The company is expected to issue its next quarterly earnings results on Wednesday, July 22nd.

According to Zacks, analysts expect that O’Reilly Automotive will report full-year earnings of $16.34 per share for the current fiscal year, with EPS estimates ranging from $14.22 to $17.65. For the next fiscal year, analysts anticipate that the business will post earnings of $19.48 per share, with EPS estimates ranging from $18.52 to $20.57. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 22nd. The specialty retailer reported $3.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.86 by $0.11. O’Reilly Automotive had a return on equity of 670.84% and a net margin of 13.41%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company posted $4.05 earnings per share. O’Reilly Automotive’s revenue was up 2.7% compared to the same quarter last year.

Several equities research analysts recently issued reports on ORLY shares. Goldman Sachs Group upgraded O’Reilly Automotive from a “neutral” rating to a “conviction-buy” rating and decreased their price target for the stock from $430.00 to $357.00 in a report on Wednesday, March 18th. Wells Fargo & Co boosted their price objective on O’Reilly Automotive from $425.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Wedbush boosted their price objective on O’Reilly Automotive from $300.00 to $380.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Nomura Securities cut their price objective on O’Reilly Automotive from $360.00 to $350.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Finally, Credit Suisse Group cut their price objective on O’Reilly Automotive from $418.00 to $354.00 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $405.47.

O’Reilly Automotive stock traded down $2.98 during trading on Thursday, hitting $419.41. 9,060 shares of the company were exchanged, compared to its average volume of 603,900. The business’s 50 day moving average is $413.39 and its 200 day moving average is $393.77. O’Reilly Automotive has a 52 week low of $251.51 and a 52 week high of $454.31. The company has a market capitalization of $31.35 billion, a P/E ratio of 23.72, a PEG ratio of 1.83 and a beta of 1.06. The company has a current ratio of 0.91, a quick ratio of 0.14 and a debt-to-equity ratio of 56.35.

In related news, SVP Carl David Wilbanks sold 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $425.74, for a total transaction of $4,257,400.00. Following the sale, the senior vice president now directly owns 10,807 shares in the company, valued at approximately $4,600,972.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jason Lee Tarrant sold 9,166 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $376.17, for a total value of $3,447,974.22. Following the sale, the senior vice president now owns 1,478 shares in the company, valued at $555,979.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,540 shares of company stock worth $9,055,986. 2.43% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Victory Capital Management Inc. increased its stake in O’Reilly Automotive by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 196,844 shares of the specialty retailer’s stock worth $86,269,000 after acquiring an additional 1,355 shares during the last quarter. Acadian Asset Management LLC increased its stake in O’Reilly Automotive by 40.7% in the 4th quarter. Acadian Asset Management LLC now owns 660 shares of the specialty retailer’s stock worth $290,000 after acquiring an additional 191 shares during the last quarter. FIL Ltd increased its stake in O’Reilly Automotive by 80,000.0% in the 4th quarter. FIL Ltd now owns 16,020 shares of the specialty retailer’s stock worth $7,021,000 after acquiring an additional 16,000 shares during the last quarter. Cetera Advisors LLC bought a new position in O’Reilly Automotive in the 4th quarter worth about $339,000. Finally, Banque Cantonale Vaudoise bought a new position in O’Reilly Automotive in the 4th quarter worth about $535,000. Institutional investors and hedge funds own 82.05% of the company’s stock.

About O’Reilly Automotive

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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