Equities research analysts expect O’Reilly Automotive Inc (NASDAQ:ORLY) to announce earnings per share of $4.44 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for O’Reilly Automotive’s earnings, with the lowest EPS estimate coming in at $4.35 and the highest estimate coming in at $4.56. O’Reilly Automotive posted earnings of $4.05 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, April 22nd.
On average, analysts expect that O’Reilly Automotive will report full-year earnings of $19.41 per share for the current financial year, with EPS estimates ranging from $19.09 to $19.98. For the next year, analysts anticipate that the company will report earnings of $21.56 per share, with EPS estimates ranging from $20.98 to $22.44. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for O’Reilly Automotive.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 5th. The specialty retailer reported $4.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.27 by ($0.02). O’Reilly Automotive had a return on equity of 514.91% and a net margin of 13.70%. The firm had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the firm earned $3.72 EPS. The business’s revenue was up 7.3% compared to the same quarter last year.
Several equities research analysts recently weighed in on the company. Goldman Sachs Group downgraded O’Reilly Automotive from a “buy” rating to a “neutral” rating and set a $479.00 price target for the company. in a report on Monday, December 9th. Stephens reduced their target price on shares of O’Reilly Automotive from $480.00 to $460.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Morgan Stanley raised their target price on shares of O’Reilly Automotive from $430.00 to $460.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. cut shares of O’Reilly Automotive from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $490.00 to $415.00 in a research note on Friday, January 31st. Finally, Evercore ISI upgraded shares of O’Reilly Automotive from an “in-line” rating to an “outperform” rating in a research note on Thursday, January 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $436.00.
In other news, SVP Larry Lee Ellis sold 1,050 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $393.55, for a total value of $413,227.50. Following the completion of the transaction, the senior vice president now owns 706 shares of the company’s stock, valued at $277,846.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman David E. Oreilly sold 4,500 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $442.65, for a total value of $1,991,925.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,050 shares of company stock valued at $3,062,903 in the last ninety days. Corporate insiders own 2.52% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cedar Wealth Management LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $25,000. Penserra Capital Management LLC grew its stake in shares of O’Reilly Automotive by 86.7% in the fourth quarter. Penserra Capital Management LLC now owns 84 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 39 shares in the last quarter. Great Diamond Partners LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $42,000. Evolution Wealth Advisors LLC acquired a new stake in shares of O’Reilly Automotive in the fourth quarter valued at about $43,000. Finally, Evoke Wealth LLC grew its stake in shares of O’Reilly Automotive by 160.0% in the fourth quarter. Evoke Wealth LLC now owns 117 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 83.57% of the company’s stock.
NASDAQ:ORLY traded up $6.75 during trading hours on Monday, reaching $368.08. The stock had a trading volume of 1,175,815 shares, compared to its average volume of 945,746. The company has a 50 day moving average price of $402.16 and a two-hundred day moving average price of $414.72. O’Reilly Automotive has a 52 week low of $349.71 and a 52 week high of $454.31. The stock has a market capitalization of $27.06 billion, a PE ratio of 20.57, a PEG ratio of 1.38 and a beta of 0.70. The company has a debt-to-equity ratio of 13.96, a quick ratio of 0.08 and a current ratio of 0.86.
O’Reilly Automotive declared that its board has initiated a stock repurchase program on Wednesday, February 5th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to reacquire up to 3.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
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.