Equities analysts expect that O’Reilly Automotive, Inc. (NASDAQ:ORLY) will report earnings of $3.16 per share for the current quarter, Zacks reports. Nine analysts have made estimates for O’Reilly Automotive’s earnings, with estimates ranging from $3.12 to $3.22. O’Reilly Automotive reported earnings of $2.90 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 9%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, October 25th.

On average, analysts expect that O’Reilly Automotive will report full year earnings of $11.85 per share for the current fiscal year, with EPS estimates ranging from $11.54 to $11.98. For the next fiscal year, analysts forecast that the business will post earnings of $13.06 per share, with EPS estimates ranging from $12.55 to $13.85. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the business earned $2.65 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

Several research firms have weighed in on ORLY. Barclays PLC set a $234.00 target price on O’Reilly Automotive and gave the company an “overweight” rating in a research report on Thursday, July 6th. UBS AG downgraded O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Robert W. Baird reissued a “neutral” rating on shares of O’Reilly Automotive in a research report on Friday, September 1st. Finally, Royal Bank Of Canada lowered their price objective on O’Reilly Automotive from $280.00 to $201.00 and set a “sector perform” rating for the company in a research report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $242.21.

In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $204.44, for a total value of $212,617.60. Following the completion of the sale, the senior vice president now owns 9,232 shares in the company, valued at $1,887,390.08. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Lawrence P. Oreilly sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $197.40, for a total value of $987,000.00. Following the completion of the sale, the director now owns 142,754 shares of the company’s stock, valued at approximately $28,179,639.60. The disclosure for this sale can be found here. Insiders sold 18,120 shares of company stock valued at $3,684,364 over the last ninety days. 3.12% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ORLY. BlackRock Inc. lifted 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 last quarter. JPMorgan Chase & Co. lifted its stake in O’Reilly Automotive by 66.8% in the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after buying an additional 1,251,237 shares during the last quarter. Waddell & Reed Financial Inc. lifted its stake in O’Reilly Automotive by 188.5% in the first quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after buying an additional 917,800 shares during the last quarter. Polen Capital Management LLC lifted its stake in O’Reilly Automotive by 35.7% in the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after buying an additional 543,664 shares during the last quarter. Finally, Vontobel Asset Management Inc. purchased a new stake in O’Reilly Automotive in the second quarter valued at approximately $119,025,000. Institutional investors own 96.64% of the company’s stock.

O’Reilly Automotive (NASDAQ ORLY) traded up 1.31% during mid-day trading on Friday, hitting $209.72. 915,483 shares of the company’s stock traded hands. O’Reilly Automotive has a one year low of $169.43 and a one year high of $286.57. The stock has a market cap of $18.46 billion, a PE ratio of 18.37 and a beta of 0.78. The firm’s 50-day moving average price is $206.44 and its 200-day moving average price is $221.80.

O’Reilly Automotive declared that its Board of Directors has initiated a share buyback plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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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Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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