Brokerages predict that O’Reilly Automotive Inc (NASDAQ:ORLY) will post sales of $2.64 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for O’Reilly Automotive’s earnings, with the highest sales estimate coming in at $2.66 billion and the lowest estimate coming in at $2.62 billion. O’Reilly Automotive posted sales of $2.48 billion during the same quarter last year, which suggests a positive year over year growth rate of 6.5%. The business is scheduled to issue its next quarterly earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that O’Reilly Automotive will report full-year sales of $10.11 billion for the current year, with estimates ranging from $10.07 billion to $10.15 billion. For the next year, analysts forecast that the firm will post sales of $10.66 billion, with estimates ranging from $10.58 billion to $10.72 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, July 24th. The specialty retailer reported $4.51 EPS for the quarter, missing the Zacks’ consensus estimate of $4.67 by ($0.16). O’Reilly Automotive had a return on equity of 391.89% and a net margin of 13.69%. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned $4.28 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year.

A number of research firms have recently commented on ORLY. Northcoast Research cut O’Reilly Automotive from a “buy” rating to a “neutral” rating in a research report on Thursday, June 27th. ValuEngine cut O’Reilly Automotive from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Goldman Sachs Group began coverage on O’Reilly Automotive in a research report on Thursday, July 11th. They issued a “buy” rating and a $440.00 price objective for the company. Stephens cut their price objective on O’Reilly Automotive from $440.00 to $430.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Finally, BidaskClub upgraded O’Reilly Automotive from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $410.00.

In other O’Reilly Automotive news, Director John Raymond Murphy sold 528 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $361.05, for a total value of $190,634.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey Alan Lauro bought 150 shares of the company’s stock in a transaction on Monday, August 5th. The stock was bought at an average price of $368.33 per share, with a total value of $55,249.50. Following the completion of the acquisition, the senior vice president now owns 422 shares in the company, valued at $155,435.26. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 1,301 shares of company stock valued at $479,036. 2.52% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ORLY. Cobiz Wealth LLC lifted its stake in O’Reilly Automotive by 2.8% during the 1st quarter. Cobiz Wealth LLC now owns 22,395 shares of the specialty retailer’s stock worth $8,696,000 after acquiring an additional 606 shares in the last quarter. Sigma Planning Corp increased its holdings in O’Reilly Automotive by 43.3% during the 1st quarter. Sigma Planning Corp now owns 874 shares of the specialty retailer’s stock worth $339,000 after purchasing an additional 264 shares during the period. McKinley Carter Wealth Services Inc. increased its holdings in O’Reilly Automotive by 6.4% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 10,250 shares of the specialty retailer’s stock worth $3,980,000 after purchasing an additional 614 shares during the period. Deane Retirement Strategies Inc. increased its holdings in O’Reilly Automotive by 1.3% during the 2nd quarter. Deane Retirement Strategies Inc. now owns 5,524 shares of the specialty retailer’s stock worth $2,040,000 after purchasing an additional 73 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in O’Reilly Automotive by 4.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,582 shares of the specialty retailer’s stock worth $1,779,000 after purchasing an additional 212 shares during the period. Institutional investors own 85.49% of the company’s stock.

Shares of O’Reilly Automotive stock traded up $6.21 on Tuesday, reaching $381.64. The company’s stock had a trading volume of 490,000 shares, compared to its average volume of 705,520. The company has a market capitalization of $28.73 billion, a P/E ratio of 23.70, a PEG ratio of 1.51 and a beta of 0.73. O’Reilly Automotive has a 52-week low of $314.14 and a 52-week high of $414.63. The stock has a 50-day moving average price of $384.16 and a 200-day moving average price of $379.04. The company has a quick ratio of 0.10, a current ratio of 0.85 and a debt-to-equity ratio of 37.43.

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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