Zacks: Analysts Expect O'Reilly Automotive Inc (ORLY) Will Announce Earnings of $3.61 Per Share

Wall Street brokerages expect O'Reilly Automotive Inc (NASDAQ:ORLY) to post earnings of $3.61 per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for O'Reilly Automotive’s earnings, with the lowest EPS estimate coming in at $3.54 and the highest estimate coming in at $3.65. O'Reilly Automotive posted earnings per share of $2.60 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.8%. The company is expected to announce its next earnings report after the market closes 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 fiscal year, with EPS estimates ranging from $15.18 to $16.34. For the next financial year, analysts expect that the business will post earnings of $17.12 per share, with EPS estimates ranging from $16.50 to $18.03. Zacks Investment Research’s EPS averages are an 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 issued its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the firm earned $2.59 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of research analysts recently weighed in on the company. BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, April 3rd. Robert W. Baird raised their price objective on O'Reilly Automotive from $230.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Citigroup raised their price objective on O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Jefferies Group reissued a “buy” rating and issued a $297.00 price objective on shares of O'Reilly Automotive in a research report on Friday, February 9th. Finally, Zacks Investment Research lowered O'Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Friday, December 29th. Ten research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $248.11.

In other news, Director Paul R. Lederer sold 1,835 shares of O'Reilly Automotive stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $250.14, for a total transaction of $459,006.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey Lynn Groves sold 5,000 shares of O'Reilly Automotive stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.00, for a total value of $1,350,000.00. Following the sale, the senior vice president now directly owns 5,008 shares in the company, valued at $1,352,160. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,735 shares of company stock worth $5,033,080. Corporate insiders own 3.12% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ORLY. NuWave Investment Management LLC purchased a new stake in shares of O'Reilly Automotive during the fourth quarter worth about $122,000. Fieldpoint Private Securities LLC purchased a new stake in shares of O'Reilly Automotive during the third quarter worth about $141,000. Capital Guardian Trust Co. purchased a new stake in shares of O'Reilly Automotive during the third quarter worth about $157,000. Tower Research Capital LLC TRC increased its position in shares of O'Reilly Automotive by 58.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after acquiring an additional 240 shares during the last quarter. Finally, Atlantic Trust LLC increased its position in shares of O'Reilly Automotive by 200.0% during the third quarter. Atlantic Trust LLC now owns 843 shares of the specialty retailer’s stock worth $182,000 after acquiring an additional 562 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors and hedge funds.

O'Reilly Automotive stock traded down $6.68 during midday trading on Friday, reaching $237.19. The stock had a trading volume of 661,852 shares, compared to its average volume of 708,107. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $279.23. The stock has a market capitalization of $19,757.93, a P/E ratio of 20.03, a PEG ratio of 0.96 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56.

O'Reilly Automotive announced that its Board of Directors has initiated a share buyback program on Wednesday, February 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board 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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