$2.30 Billion in Sales Expected for O’Reilly Automotive, Inc. (NASDAQ:ORLY) This Quarter

Equities analysts expect O’Reilly Automotive, Inc. (NASDAQ:ORLY) to post $2.30 billion in sales for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for O’Reilly Automotive’s earnings. The lowest sales estimate is $2.28 billion and the highest is $2.34 billion. O’Reilly Automotive reported sales of $2.18 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The company is expected to announce its next quarterly earnings report after the market closes on Wednesday, July 26th.

On average, analysts expect that O’Reilly Automotive will report full-year sales of $2.30 billion for the current financial year, with estimates ranging from $8.94 billion to $9.11 billion. For the next year, analysts forecast that the company will post sales of $9.51 billion per share, with estimates ranging from $9.33 billion to $9.66 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the Zacks’ consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business posted $2.59 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year.

Several equities analysts have recently commented on the company. UBS AG reiterated a “buy” rating and set a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research report on Friday, July 7th. J P Morgan Chase & Co reiterated a “neutral” rating and set a $210.00 price objective (down from $295.00) on shares of O’Reilly Automotive in a research report on Thursday, July 6th. Morgan Stanley lowered O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $200.00 to $195.00 in a research report on Thursday, July 6th. Deutsche Bank AG reduced their price objective on O’Reilly Automotive from $272.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, July 6th. Finally, Wedbush reiterated a “neutral” rating on shares of O’Reilly Automotive in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $258.64.

Shares of O’Reilly Automotive (ORLY) traded down 0.22% during mid-day trading on Wednesday, hitting $184.22. The stock had a trading volume of 1,643,650 shares. The stock has a market cap of $16.76 billion, a P/E ratio of 16.79 and a beta of 0.76. The firm has a 50 day moving average price of $237.55 and a 200-day moving average price of $260.49. O’Reilly Automotive has a 12 month low of $182.22 and a 12 month high of $292.84.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the completion of the sale, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John Raymond Murphy sold 600 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,640 shares of company stock valued at $6,639,552. Company insiders own 3.12% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in ORLY. Vanguard Group Inc. boosted its stake in O’Reilly Automotive by 0.4% in the first quarter. Vanguard Group Inc. now owns 6,036,358 shares of the specialty retailer’s stock valued at $1,628,852,000 after buying an additional 21,454 shares during the period. BlackRock Inc. boosted its stake in O’Reilly Automotive by 2,327.8% in the first quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after buying an additional 5,458,171 shares during the period. JPMorgan Chase & Co. boosted its stake in O’Reilly Automotive by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 1,872,228 shares of the specialty retailer’s stock valued at $505,202,000 after buying an additional 26,678 shares during the period. American Century Companies Inc. boosted its stake in O’Reilly Automotive by 0.5% in the first quarter. American Century Companies Inc. now owns 1,695,456 shares of the specialty retailer’s stock valued at $457,502,000 after buying an additional 8,988 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in O’Reilly Automotive by 0.6% in the first quarter. Principal Financial Group Inc. now owns 1,547,043 shares of the specialty retailer’s stock valued at $417,454,000 after buying an additional 9,846 shares during the period. Institutional investors and hedge funds own 92.12% of the company’s stock.

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About O’Reilly Automotive

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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