FY2018 EPS Estimates for O’Reilly Automotive Inc Raised by Jefferies Financial Group (NASDAQ:ORLY)

O’Reilly Automotive Inc (NASDAQ:ORLY) – Equities researchers at Jefferies Financial Group raised their FY2018 earnings per share estimates for O’Reilly Automotive in a report issued on Thursday, October 25th, Zacks Investment Research reports. Jefferies Financial Group analyst B. Jordan now anticipates that the specialty retailer will post earnings of $16.01 per share for the year, up from their prior estimate of $15.80. Jefferies Financial Group currently has a “Buy” rating and a $375.00 target price on the stock. Jefferies Financial Group also issued estimates for O’Reilly Automotive’s Q1 2019 earnings at $4.20 EPS, Q2 2019 earnings at $4.60 EPS, Q3 2019 earnings at $4.67 EPS, Q4 2019 earnings at $4.33 EPS and FY2019 earnings at $17.80 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, October 24th. The specialty retailer reported $4.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.31 by $0.19. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.49 billion.

Several other equities analysts also recently weighed in on ORLY. BidaskClub upgraded shares of O’Reilly Automotive from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Wedbush increased their price target on shares of O’Reilly Automotive from $250.00 to $310.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. Stephens reiterated a “buy” rating and issued a $350.00 price target on shares of O’Reilly Automotive in a report on Friday, July 27th. Bank of America reiterated a “top pick” rating and issued a $390.00 price target (up previously from $330.00) on shares of O’Reilly Automotive in a report on Monday, September 17th. Finally, Wells Fargo & Co reiterated a “buy” rating and issued a $345.00 price target on shares of O’Reilly Automotive in a report on Wednesday, October 24th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $340.63.

Shares of ORLY traded up $9.51 during mid-day trading on Monday, hitting $345.58. 545,865 shares of the company traded hands, compared to its average volume of 870,366. O’Reilly Automotive has a 1-year low of $214.87 and a 1-year high of $363.20. The company has a quick ratio of 0.11, a current ratio of 0.91 and a debt-to-equity ratio of 6.37. The company has a market cap of $26.92 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07.

Large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of O’Reilly Automotive by 503.8% during the 2nd quarter. Victory Capital Management Inc. now owns 48,592 shares of the specialty retailer’s stock valued at $13,293,000 after buying an additional 40,544 shares in the last quarter. Madison Investment Holdings Inc. lifted its position in shares of O’Reilly Automotive by 6.2% during the 2nd quarter. Madison Investment Holdings Inc. now owns 248,277 shares of the specialty retailer’s stock valued at $67,921,000 after buying an additional 14,576 shares in the last quarter. Morgan Stanley lifted its position in shares of O’Reilly Automotive by 100.8% during the 2nd quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after buying an additional 262,779 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its position in shares of O’Reilly Automotive by 15.6% during the 2nd quarter. Pettyjohn Wood & White Inc. now owns 1,780 shares of the specialty retailer’s stock valued at $487,000 after buying an additional 240 shares in the last quarter. Finally, Horrell Capital Management Inc. lifted its position in shares of O’Reilly Automotive by 4.1% during the 2nd quarter. Horrell Capital Management Inc. now owns 21,449 shares of the specialty retailer’s stock valued at $5,868,000 after buying an additional 844 shares in the last quarter. Hedge funds and other institutional investors own 85.89% of the company’s stock.

In other news, Chairman David E. Oreilly sold 1,161 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $331.00, for a total transaction of $384,291.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jeffrey Alan Lauro sold 12,526 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $351.06, for a total value of $4,397,377.56. The disclosure for this sale can be found here. Insiders have sold a total of 21,187 shares of company stock worth $7,273,769 in the last ninety days. Corporate insiders own 3.12% of the company’s stock.

O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase plan on Tuesday, November 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to buy up to 3.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

About O’Reilly Automotive

O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

Further Reading: Average Daily Trade Volume – What You Need to Know

Get a free copy of the Zacks research report on O’Reilly Automotive (ORLY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for O'Reilly Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply