Brokerages Anticipate O’Reilly Automotive Inc (ORLY) Will Post Quarterly Sales of $2.43 Billion Leave a comment

Wall Street analysts expect O’Reilly Automotive Inc (NASDAQ:ORLY) to report $2.43 billion in sales for the current fiscal 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 during the same quarter last year, which indicates a positive year over year growth rate of 6.6%. The company is expected to issue its next earnings report on Wednesday, April 24th.

On average, analysts expect that O’Reilly Automotive will report full-year sales of $10.15 billion for the current year, with estimates ranging from $10.10 billion to $10.20 billion. For the next fiscal year, analysts expect that the business 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 an average based on a survey of sell-side research 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.76 by ($0.04). The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.33 billion. O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. O’Reilly Automotive’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 EPS.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Atlantic Securities downgraded shares of O’Reilly Automotive from an “overweight” rating to a “neutral” rating and raised their price target for the company from $370.00 to $400.00 in a research note on Friday, March 1st. Oppenheimer downgraded shares of O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a research note on Friday, February 8th. Credit Suisse Group reissued a “hold” rating and set a $318.00 target price on shares of O’Reilly Automotive in a research note on Tuesday, February 5th. Finally, Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $360.33.

NASDAQ:ORLY traded down $5.31 on Wednesday, hitting $364.10. The company had a trading volume of 488,997 shares, compared to its average volume of 727,741. The company has a market cap of $30.76 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.40 and a beta of 0.89. 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 52 week low of $217.64 and a 52 week high of $394.42.

O’Reilly Automotive announced that its board has approved a share repurchase program on Tuesday, November 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 3.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

In other O’Reilly Automotive news, SVP Jason Lee Tarrant sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $385.43, for a total value of $578,145.00. Following the completion of the sale, the senior vice president now directly owns 1,928 shares in the company, valued at $743,109.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $387.35, for a total transaction of $3,873,500.00. Following the completion of the sale, the director now owns 28,290 shares of the company’s stock, valued at $10,958,131.50. The disclosure for this sale can be found here. Insiders sold 76,915 shares of company stock valued at $28,949,149 over the last 90 days. Corporate insiders own 3.07% of the company’s stock.

A number of large investors have recently bought and sold shares of ORLY. Sigma Planning Corp grew its holdings in shares of O’Reilly Automotive by 5.2% during the fourth quarter. Sigma Planning Corp now owns 610 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 30 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of O’Reilly Automotive by 16.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 237 shares of the specialty retailer’s stock valued at $82,000 after buying an additional 34 shares during the last quarter. Peak Asset Management LLC grew its holdings in shares of O’Reilly Automotive by 3.6% during the fourth quarter. Peak Asset Management LLC now owns 1,080 shares of the specialty retailer’s stock valued at $372,000 after buying an additional 38 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of O’Reilly Automotive by 0.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,817 shares of the specialty retailer’s stock valued at $4,758,000 after buying an additional 44 shares during the last quarter. Finally, Stock Yards Bank & Trust Co. grew its holdings in shares of O’Reilly Automotive by 2.8% during the fourth quarter. Stock Yards Bank & Trust Co. now owns 1,672 shares of the specialty retailer’s stock valued at $576,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 84.64% of the company’s stock.

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, 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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