O'Reilly Automotive (ORLY) Issues Earnings Results, Beats Expectations By $0.12 EPS

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.

In other news, Chairman David E. Oreilly sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $220.29, for a total value of $15,420,300.00. Following the transaction, the chairman now owns 135,776 shares in the company, valued at approximately $29,910,095.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Larry Lee Ellis sold 900 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $215.27, for a total value of $193,743.00. Following the completion of the transaction, the senior vice president now owns 1,256 shares in the company, valued at approximately $270,379.12. The disclosure for this sale can be found here. Insiders sold a total of 169,580 shares of company stock worth $39,241,985 in the last 90 days. Company insiders own 3.12% of the company’s stock.

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.

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

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