O’Reilly Automotive Inc (ORLY) Expected to Announce Earnings of $4.06 Per Share

Equities analysts predict that O’Reilly Automotive Inc (NASDAQ:ORLY) will announce earnings of $4.06 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for O’Reilly Automotive’s earnings, with the highest EPS estimate coming in at $4.12 and the lowest estimate coming in at $4.02. O’Reilly Automotive posted earnings per share of $3.61 in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, April 24th.

On average, analysts expect that O’Reilly Automotive will report full-year earnings of $17.78 per share for the current fiscal year, with EPS estimates ranging from $17.62 to $18.07. For the next fiscal year, analysts forecast that the company will post earnings of $19.82 per share, with EPS estimates ranging from $19.55 to $20.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings data on Wednesday, February 6th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. O’Reilly Automotive had a return on equity of 318.99% and a net margin of 13.89%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $2.90 earnings per share.

Several analysts have recently issued reports on the company. Citigroup upped their price objective on O’Reilly Automotive from $422.00 to $454.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wells Fargo & Co upped their price objective on O’Reilly Automotive from $415.00 to $445.00 and gave the stock an “outperform” rating in a report on Thursday. BidaskClub raised O’Reilly Automotive from a “hold” rating to a “buy” rating in a report on Thursday, February 14th. Oppenheimer cut O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. Finally, Atlantic Securities cut O’Reilly Automotive from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $370.00 to $400.00 in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $377.44.

Shares of ORLY opened at $399.46 on Thursday. The company has a market cap of $31.31 billion, a PE ratio of 24.80, a PEG ratio of 1.46 and a beta of 0.85. O’Reilly Automotive has a 1 year low of $217.64 and a 1 year high of $414.63. The company has a debt-to-equity ratio of 9.66, a quick ratio of 0.09 and a current ratio of 0.91.

In other O’Reilly Automotive news, Chairman Gregory L. Henslee sold 50,000 shares of the company’s 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 owns 65,922 shares of the company’s stock, valued at approximately $24,679,219.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $387.35, for a total value of $3,873,500.00. Following the completion of the transaction, the director now directly owns 28,290 shares in the company, valued at approximately $10,958,131.50. The disclosure for this sale can be found here. Insiders have sold a total of 119,273 shares of company stock worth $44,907,567 in the last 90 days. 2.52% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in ORLY. Standard Life Aberdeen plc grew its position in O’Reilly Automotive by 8.4% in the 3rd quarter. Standard Life Aberdeen plc now owns 26,488 shares of the specialty retailer’s stock valued at $9,199,000 after acquiring an additional 2,050 shares during the last quarter. LPL Financial LLC grew its position in O’Reilly Automotive by 16.3% in the 3rd quarter. LPL Financial LLC now owns 13,349 shares of the specialty retailer’s stock valued at $4,636,000 after acquiring an additional 1,866 shares during the last quarter. Macquarie Group Ltd. grew its position in O’Reilly Automotive by 40.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,400 shares of the specialty retailer’s stock valued at $486,000 after acquiring an additional 400 shares during the last quarter. AQR Capital Management LLC grew its position in O’Reilly Automotive by 258.6% in the 3rd quarter. AQR Capital Management LLC now owns 119,910 shares of the specialty retailer’s stock valued at $41,647,000 after acquiring an additional 86,468 shares during the last quarter. Finally, Kentucky Retirement Systems bought a new position in O’Reilly Automotive in the 3rd quarter valued at $1,140,000. 86.69% of the stock is currently owned by institutional investors.

O’Reilly Automotive Company Profile

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

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