O'Reilly Automotive (NASDAQ:ORLY) issued its earnings results on Wednesday. The specialty retailer reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.12, Briefing.com reports. O'Reilly Automotive had a return on equity of 109.35% and a net margin of 12.63%. The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company posted $2.59 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. O'Reilly Automotive updated its Q1 guidance to $3.55-$3.65 EPS and its FY18 guidance to $15.10-15.20 EPS.
O'Reilly Automotive (NASDAQ:ORLY) opened at $252.22 on Friday. O'Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $279.23. The firm has a market capitalization of $21,433.78, a P/E ratio of 19.91, a PEG ratio of 1.17 and a beta of 0.90. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72.
A number of analysts recently commented on the company. Citigroup boosted their target price on O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group set a $264.00 price objective on O'Reilly Automotive and gave the stock a “neutral” rating in a report on Thursday. They noted that the move was a valuation call. BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Robert W. Baird reissued a “hold” rating and set a $220.00 price objective on shares of O'Reilly Automotive in a report on Friday, October 27th. Finally, Stephens set a $300.00 price objective on O'Reilly Automotive and gave the stock a “buy” rating in a report on Wednesday, January 17th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $245.10.
O'Reilly Automotive declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
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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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