Equities analysts expect that O’Reilly Automotive Inc (NASDAQ:ORLY) will announce $2.43 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for O’Reilly Automotive’s earnings. The lowest sales estimate is $2.42 billion and the highest is $2.45 billion. O’Reilly Automotive reported sales of $2.28 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is expected to announce its next earnings report on Wednesday, April 24th.
According to Zacks, analysts expect that O’Reilly Automotive will report full-year sales of $10.15 billion for the current financial year, with estimates ranging from $10.10 billion to $10.20 billion. For the next financial year, analysts forecast that the firm will post sales of $10.70 billion, with estimates ranging from $10.63 billion to $10.78 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow O’Reilly Automotive.
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O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $2.90 EPS.
ORLY has been the subject of several recent analyst reports. BidaskClub downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. Wolfe Research downgraded shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research report on Friday, October 26th. Wells Fargo & Co raised their price objective on shares of O’Reilly Automotive from $345.00 to $375.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. Jefferies Financial Group raised their price objective on shares of O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a research report on Friday, October 26th. Finally, Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price objective for the company in a research report on Thursday, December 20th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. O’Reilly Automotive presently has an average rating of “Buy” and a consensus target price of $357.50.
In related news, Chairman Gregory L. Henslee sold 50,000 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $374.37, for a total value of $18,718,500.00. Following the transaction, the chairman now directly owns 65,922 shares in the company, valued at approximately $24,679,219.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeff M. Shaw sold 3,615 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $375.35, for a total value of $1,356,890.25. Following the completion of the transaction, the chief operating officer now owns 27,832 shares in the company, valued at $10,446,741.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,115 shares of company stock worth $20,639,270. 3.07% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of ORLY. Advisors Asset Management Inc. lifted its stake in O’Reilly Automotive by 1.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 18,997 shares of the specialty retailer’s stock valued at $5,197,000 after acquiring an additional 344 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in O’Reilly Automotive by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,441,213 shares of the specialty retailer’s stock valued at $394,273,000 after acquiring an additional 62,889 shares in the last quarter. Atria Investments LLC lifted its stake in O’Reilly Automotive by 112.9% during the 3rd quarter. Atria Investments LLC now owns 4,891 shares of the specialty retailer’s stock valued at $1,699,000 after acquiring an additional 2,594 shares in the last quarter. Gradient Investments LLC lifted its stake in O’Reilly Automotive by 15,000.0% during the 3rd quarter. Gradient Investments LLC now owns 604 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 600 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in O’Reilly Automotive by 11.5% during the 3rd quarter. Bank of Montreal Can now owns 120,705 shares of the specialty retailer’s stock valued at $41,923,000 after acquiring an additional 12,403 shares in the last quarter. Institutional investors and hedge funds own 93.21% of the company’s stock.
Shares of ORLY stock traded up $4.95 during trading hours on Monday, hitting $388.00. 674,654 shares of the company were exchanged, compared to its average volume of 782,989. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 24.10, a price-to-earnings-growth ratio of 1.38 and a beta of 0.89. O’Reilly Automotive has a fifty-two week low of $217.64 and a fifty-two week high of $388.51. The company has a quick ratio of 0.09, a current ratio of 0.91 and a debt-to-equity ratio of 9.66.
O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
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, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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