Wedbush Analysts Boost Earnings Estimates for O'Reilly Automotive Inc (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) – Investment analysts at Wedbush boosted their FY2019 earnings per share (EPS) estimates for O'Reilly Automotive in a report released on Monday. Wedbush analyst S. Basham now anticipates that the specialty retailer will post earnings per share of $15.78 for the year, up from their prior forecast of $13.41. Wedbush currently has a “Neutral” rating and a $250.00 target price on the stock.

O'Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business earned $2.59 earnings per share. O'Reilly Automotive’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of other research analysts have also commented on the company. Zacks Investment Research upgraded O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research note on Wednesday, December 27th. Citigroup raised their target price on O'Reilly Automotive from $276.00 to $283.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Royal Bank of Canada upgraded O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a report on Wednesday, December 13th. Credit Suisse Group set a $193.00 target price on O'Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, October 26th. Finally, UBS Group reiterated a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of O'Reilly Automotive in a report on Thursday, October 19th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $243.80.

Shares of O'Reilly Automotive (NASDAQ ORLY) traded up $0.14 during midday trading on Wednesday, hitting $252.22. The company had a trading volume of 2,591,488 shares, compared to its average volume of 1,031,083. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72. The firm has a market capitalization of $21,673.56, a price-to-earnings ratio of 21.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.90. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $279.23.

Several institutional investors and hedge funds have recently modified their holdings of ORLY. Principal Financial Group Inc. increased its position in shares of O'Reilly Automotive by 45.7% during the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after acquiring an additional 809,647 shares during the last quarter. Polen Capital Management LLC raised its stake in O'Reilly Automotive by 29.4% during the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock valued at $575,581,000 after buying an additional 607,076 shares during the last quarter. HL Financial Services LLC raised its stake in O'Reilly Automotive by 17,380.0% during the 3rd quarter. HL Financial Services LLC now owns 350,473 shares of the specialty retailer’s stock valued at $75,481,000 after buying an additional 348,468 shares during the last quarter. Madison Investment Holdings Inc. purchased a new stake in O'Reilly Automotive during the 3rd quarter valued at $50,930,000. Finally, Marshfield Associates purchased a new stake in O'Reilly Automotive during the 3rd quarter valued at $50,729,000. 88.21% of the stock is owned by institutional investors.

In other news, Director Paul R. Lederer sold 845 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $214.77, for a total value of $181,480.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeremy Adam Fletcher sold 750 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $215.11, for a total value of $161,332.50. Following the completion of the sale, the senior vice president now directly owns 1,640 shares of the company’s stock, valued at $352,780.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,175 shares of company stock worth $39,584,798. 3.12% of the stock is owned by corporate insiders.

O'Reilly Automotive announced that its board has approved a stock repurchase program on Wednesday, February 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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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.

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

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