Somewhat Favorable Press Coverage Somewhat Unlikely to Impact O'Reilly Automotive (ORLY) Share Price
Media coverage about O'Reilly Automotive (NASDAQ:ORLY) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. O'Reilly Automotive earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the specialty retailer an impact score of 45.3252710466881 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- RBC Repairs Thesis On O’Reilly Automotive, Upgrades Stock (finance.yahoo.com)
- O'Reilly Automotive Inc (ORLY) Expected to Announce Quarterly Sales of $2.18 Billion (americanbankingnews.com)
- Cramer: Auto parts stocks like O'Reilly wrongly sold off and are buys (finance.yahoo.com)
- Zacks: Analysts Anticipate O'Reilly Automotive Inc (ORLY) Will Announce Earnings of $2.77 Per Share (americanbankingnews.com)
ORLY has been the topic of a number of recent research reports. Oppenheimer set a $220.00 target price on O'Reilly Automotive and gave the company a “buy” rating in a report on Thursday, October 26th. Credit Suisse Group set a $193.00 price target on O'Reilly Automotive and gave the stock a “hold” rating in a research report on Thursday, October 26th. UBS restated a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of O'Reilly Automotive in a research report on Thursday, October 19th. Robert W. Baird restated a “neutral” rating on shares of O'Reilly Automotive in a research report on Friday, September 1st. Finally, Citigroup upped their price target on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. O'Reilly Automotive presently has a consensus rating of “Buy” and a consensus price target of $243.48.
O'Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.07. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $2.90 earnings per share. The firm’s revenue was up 5.3% on a year-over-year basis. research analysts predict that O'Reilly Automotive will post 11.91 EPS for the current year.
O'Reilly Automotive announced that its board has initiated a stock repurchase program on Friday, September 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In related news, Chairman David E. Oreilly sold 70,000 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total transaction of $15,420,300.00. Following the completion of the sale, the chairman now owns 135,776 shares in the company, valued at $29,910,095.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott E. Kraus sold 8,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $237.84, for a total value of $2,021,640.00. Following the sale, the senior vice president now owns 4,959 shares of the company’s stock, valued at approximately $1,179,448.56. The disclosure for this sale can be found here. Insiders have sold 149,945 shares of company stock valued at $33,756,392 in the last quarter. 3.12% of the stock is currently owned by company insiders.
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O'Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.
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