Analysts Expect O'Reilly Automotive Inc (ORLY) to Post $3.61 EPS

Equities analysts expect that O'Reilly Automotive Inc (NASDAQ:ORLY) will report earnings of $3.61 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have made estimates for O'Reilly Automotive’s earnings, with estimates ranging from $3.54 to $3.65. O'Reilly Automotive reported earnings per share of $2.60 during the same quarter last year, which indicates a positive year-over-year growth rate of 38.8%. The business is scheduled to announce its next earnings results on Wednesday, April 25th.

According to Zacks, analysts expect that O'Reilly Automotive will report full year earnings of $15.46 per share for the current year, with EPS estimates ranging from $15.18 to $16.34. For the next fiscal year, analysts forecast that the company will report earnings of $17.12 per share, with EPS estimates ranging from $16.50 to $18.03. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for O'Reilly Automotive.

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O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 12.63% and a return on equity of 119.05%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business posted $2.59 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis.

Several research analysts have recently commented on ORLY shares. Moffett Nathanson started coverage on shares of O'Reilly Automotive in a report on Monday, December 4th. They issued a “buy” rating for the company. Jefferies Group reaffirmed a “buy” rating and issued a $297.00 price target on shares of O'Reilly Automotive in a report on Friday, February 9th. Citigroup lifted their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a report on Friday, February 9th. Zacks Investment Research raised shares of O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a report on Wednesday, December 27th. Finally, Stephens set a $300.00 price objective on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. O'Reilly Automotive has a consensus rating of “Buy” and an average target price of $251.05.

In other O'Reilly Automotive news, SVP Larry Lee Ellis sold 1,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $250.67, for a total transaction of $376,005.00. Following the sale, the senior vice president now directly owns 1,856 shares in the company, valued at approximately $465,243.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $241.34, for a total transaction of $250,993.60. Following the sale, 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. Insiders have sold a total of 29,775 shares of company stock worth $7,784,074 over the last 90 days. 3.12% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of O'Reilly Automotive by 3.1% during the 4th quarter. BlackRock Inc. now owns 6,987,704 shares of the specialty retailer’s stock worth $1,680,822,000 after buying an additional 208,748 shares in the last quarter. Polen Capital Management LLC raised its position in shares of O'Reilly Automotive by 0.5% during the 4th quarter. Polen Capital Management LLC now owns 2,684,772 shares of the specialty retailer’s stock worth $645,795,000 after buying an additional 12,251 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of O'Reilly Automotive by 54.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,309,824 shares of the specialty retailer’s stock worth $315,065,000 after buying an additional 462,799 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of O'Reilly Automotive by 589.3% during the 4th quarter. OppenheimerFunds Inc. now owns 1,256,780 shares of the specialty retailer’s stock worth $302,306,000 after buying an additional 1,074,442 shares in the last quarter. Finally, Abrams Capital Management L.P. raised its position in shares of O'Reilly Automotive by 3.4% during the 4th quarter. Abrams Capital Management L.P. now owns 883,194 shares of the specialty retailer’s stock worth $212,443,000 after buying an additional 29,194 shares in the last quarter. Institutional investors own 88.61% of the company’s stock.

O'Reilly Automotive stock traded down $5.89 during midday trading on Thursday, hitting $241.16. 971,519 shares of the stock traded hands, compared to its average volume of 936,786. O'Reilly Automotive has a 1-year low of $169.43 and a 1-year high of $279.23. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.11. The firm has a market cap of $20,717.75, a price-to-earnings ratio of 19.03, a PEG ratio of 1.00 and a beta of 0.95.

O'Reilly Automotive announced that its board has approved a share repurchase program on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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

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