Analysts Expect O’Reilly Automotive Inc (ORLY) Will Announce Quarterly Sales of $2.43 Billion

Brokerages expect O’Reilly Automotive Inc (NASDAQ:ORLY) to announce $2.43 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have made 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 in the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The business is expected to report its next earnings results on Wednesday, April 24th.

On average, 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 year, analysts forecast that the company will post sales of $10.70 billion, with estimates ranging from $10.63 billion to $10.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover O’Reilly Automotive.

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

Several research firms have recently weighed in on ORLY. Citigroup increased their price target on O’Reilly Automotive from $422.00 to $454.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $371.00 price objective for the company in a research note on Tuesday, December 11th. BidaskClub cut shares of O’Reilly Automotive from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 4th. Oppenheimer cut shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Finally, Atlantic Securities lowered shares of O’Reilly Automotive from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $370.00 to $400.00 in a report on Friday, March 1st. Ten equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $366.71.

In other O’Reilly Automotive news, COO Jeff M. Shaw sold 3,615 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $375.35, for a total transaction of $1,356,890.25. Following the transaction, the chief operating officer now owns 27,832 shares in the company, valued at $10,446,741.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Gregory L. Henslee sold 50,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $24,679,219.14. The disclosure for this sale can be found here. Insiders have sold 116,515 shares of company stock valued at $43,818,157 over the last quarter. Insiders own 2.52% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtus ETF Advisers LLC bought a new position in shares of O’Reilly Automotive in the 4th quarter valued at about $25,000. Berman Capital Advisors LLC acquired a new position in O’Reilly Automotive in the fourth quarter worth approximately $31,000. CNB Bank acquired a new position in O’Reilly Automotive in the fourth quarter worth approximately $35,000. Capital Investment Advisory Services LLC acquired a new position in O’Reilly Automotive in the fourth quarter worth approximately $39,000. Finally, Clean Yield Group acquired a new position in O’Reilly Automotive in the fourth quarter worth approximately $40,000. 86.68% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ORLY traded up $2.68 during midday trading on Thursday, hitting $394.22. 23,234 shares of the stock traded hands, compared to its average volume of 562,766. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 1.42 and a beta of 0.84. The company has a debt-to-equity ratio of 9.66, a current ratio of 0.91 and a quick ratio of 0.09. O’Reilly Automotive has a one year low of $217.64 and a one year high of $394.42.

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.

See Also: How does the Federal Reserve determine interest rates?

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.