O’Reilly Automotive Inc (NASDAQ:ORLY) Expected to Post Quarterly Sales of $2.37 Billion

Equities research analysts predict that O’Reilly Automotive Inc (NASDAQ:ORLY) will announce $2.37 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for O’Reilly Automotive’s earnings. The lowest sales estimate is $2.14 billion and the highest is $2.49 billion. O’Reilly Automotive reported sales of $2.59 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The company is expected to announce its next quarterly earnings report on Wednesday, July 22nd.

According to Zacks, analysts expect that O’Reilly Automotive will report full year sales of $10.01 billion for the current financial year, with estimates ranging from $9.62 billion to $10.34 billion. For the next financial year, analysts forecast that the business will post sales of $10.75 billion, with estimates ranging from $10.48 billion to $11.21 billion. Zacks’ sales averages are an average based on a survey of research firms that cover O’Reilly Automotive.

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

Several brokerages recently weighed in on ORLY. Bank of America raised their price objective on shares of O’Reilly Automotive from $375.00 to $415.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Morgan Stanley raised their price objective on shares of O’Reilly Automotive from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Stephens reaffirmed an “overweight” rating and set a $380.00 price objective (up previously from $350.00) on shares of O’Reilly Automotive in a research report on Thursday, April 16th. Wedbush raised their price objective on shares of O’Reilly Automotive from $300.00 to $380.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Finally, UBS Group raised their price objective on shares of O’Reilly Automotive from $430.00 to $470.00 and gave the company a “buy” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive has a consensus rating of “Hold” and a consensus target price of $405.47.

In other news, CEO Gregory D. Johnson sold 3,374 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $400.30, for a total value of $1,350,612.20. Following the sale, the chief executive officer now owns 7,734 shares in the company, valued at $3,095,920.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Carl David Wilbanks sold 10,000 shares of the firm’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 completion of the sale, the senior vice president now owns 10,807 shares in the company, valued at approximately $4,600,972.18. The disclosure for this sale can be found here. In the last 90 days, insiders 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 institutional investors and hedge funds have recently bought and sold shares of ORLY. Norges Bank acquired a new stake in O’Reilly Automotive during the fourth quarter worth $335,631,000. Viking Global Investors LP acquired a new stake in O’Reilly Automotive during the first quarter worth $201,505,000. Parnassus Investments CA acquired a new stake in O’Reilly Automotive during the first quarter worth $91,582,000. Vontobel Asset Management Inc. boosted its stake in O’Reilly Automotive by 88.6% during the first quarter. Vontobel Asset Management Inc. now owns 543,421 shares of the specialty retailer’s stock worth $175,960,000 after buying an additional 255,301 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in O’Reilly Automotive by 14.7% during the first quarter. Principal Financial Group Inc. now owns 1,865,913 shares of the specialty retailer’s stock worth $561,733,000 after buying an additional 238,435 shares in the last quarter. Hedge funds and other institutional investors own 82.05% of the company’s stock.

Shares of NASDAQ ORLY traded down $2.98 during mid-day trading on Friday, reaching $419.41. The company had a trading volume of 9,060 shares, compared to its average volume of 603,900. The stock has a fifty day moving average of $413.39 and a two-hundred day moving average of $393.77. The company has a debt-to-equity ratio of 56.35, a quick ratio of 0.14 and a current ratio of 0.91. The company has a market capitalization of $31.35 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.83 and a beta of 1.06. O’Reilly Automotive has a 12-month low of $251.51 and a 12-month high of $454.31.

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.

Recommended Story: Yield Curve

Get a free copy of the Zacks research report on O’Reilly Automotive (ORLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.