Brokerages predict that O’Reilly Automotive Inc (NASDAQ:ORLY) will report $2.43 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for O’Reilly Automotive’s earnings, with estimates ranging from $2.42 billion to $2.45 billion. O’Reilly Automotive posted sales of $2.28 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is scheduled to report its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that O’Reilly Automotive will report full-year sales of $10.15 billion for the current fiscal year, with estimates ranging from $10.10 billion to $10.20 billion. For the next fiscal year, analysts expect that the business will report sales of $10.70 billion, with estimates ranging from $10.63 billion to $10.78 billion. Zacks’ 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 posted its earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing the consensus estimate of $3.76 by ($0.04). The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.33 billion. O’Reilly Automotive had a net margin of 13.89% and a return on equity of 318.99%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $2.90 EPS.

ORLY has been the topic of several research reports. BidaskClub lowered O’Reilly Automotive from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Wolfe Research lowered O’Reilly Automotive from an “outperform” rating to a “market perform” rating in a report on Friday, October 26th. Wells Fargo & Co raised their price objective on O’Reilly Automotive from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. Jefferies Financial Group raised their price objective on O’Reilly Automotive from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, Zacks Investment Research raised O’Reilly Automotive from a “hold” rating to a “buy” rating and set a $381.00 price objective on the stock in a report on Thursday, December 20th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $357.50.

NASDAQ:ORLY traded up $4.95 during trading hours on Monday, hitting $388.00. The company’s stock had a trading volume of 674,654 shares, compared to its average volume of 782,989. The firm has a market capitalization of $31.08 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.38 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 $388.51.

O’Reilly Automotive declared that its board has initiated a share buyback program on Tuesday, November 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 3.6% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

In related news, Director Jay D. Burchfield sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $375.92, for a total transaction of $563,880.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $1,356,890.25. Following the transaction, the chief operating officer now directly owns 27,832 shares in the company, valued at approximately $10,446,741.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,115 shares of company stock worth $20,639,270. Corporate insiders own 3.07% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue lifted its position in O’Reilly Automotive by 7.9% in the fourth quarter. State of Alaska Department of Revenue now owns 12,915 shares of the specialty retailer’s stock valued at $4,445,000 after purchasing an additional 947 shares during the period. WINTON GROUP Ltd lifted its position in O’Reilly Automotive by 5.3% in the fourth quarter. WINTON GROUP Ltd now owns 130,238 shares of the specialty retailer’s stock valued at $44,845,000 after purchasing an additional 6,557 shares during the period. Huntington National Bank lifted its position in O’Reilly Automotive by 8.9% in the fourth quarter. Huntington National Bank now owns 116,378 shares of the specialty retailer’s stock valued at $40,072,000 after purchasing an additional 9,472 shares during the period. Vanguard Group Inc lifted its position in O’Reilly Automotive by 0.5% in the third quarter. Vanguard Group Inc now owns 5,891,448 shares of the specialty retailer’s stock valued at $2,046,218,000 after purchasing an additional 30,192 shares during the period. Finally, Dorsey & Whitney Trust CO LLC acquired a new stake in O’Reilly Automotive in the third quarter valued at about $254,000. 93.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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