O’Reilly Automotive, Inc. (NASDAQ:ORLY) - Equities research analysts at Oppenheimer Holdings decreased their Q2 2017 EPS estimates for O’Reilly Automotive in a research note issued on Thursday. Oppenheimer Holdings analyst B. Nagel now anticipates that the specialty retailer will earn $2.87 per share for the quarter, down from their prior forecast of $3.12. Oppenheimer Holdings has a “Outperform” rating and a $220.00 price objective on the stock.
O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.59 earnings per share. COPYRIGHT VIOLATION WARNING: “Q2 2017 EPS Estimates for O’Reilly Automotive, Inc. Decreased by Oppenheimer Holdings (NASDAQ:ORLY)” was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://stocknewstimes.com/2017/07/26/q2-2017-eps-estimates-for-oreilly-automotive-inc-decreased-by-oppenheimer-holdings-nasdaqorly.html.
Other research analysts have also recently issued research reports about the company. UBS AG cut O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, June 20th. Jefferies Group LLC reissued a “buy” rating and issued a $302.00 price target on shares of O’Reilly Automotive in a research note on Wednesday, May 24th. Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Stephens set a $315.00 price target on O’Reilly Automotive and gave the stock a “buy” rating in a research note on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. O’Reilly Automotive currently has a consensus rating of “Hold” and an average target price of $252.56.
O’Reilly Automotive (ORLY) opened at 186.85 on Monday. The firm has a 50-day moving average of $209.11 and a 200 day moving average of $249.24. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 17.03 and a beta of 0.76. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $292.84.
Several large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $206,000. Quadrature Capital Ltd bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $5,248,000. UBS Asset Management Americas Inc. increased its stake in shares of O’Reilly Automotive by 85.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 894,128 shares of the specialty retailer’s stock valued at $248,933,000 after buying an additional 411,530 shares in the last quarter. Whalerock Point Partners LLC increased its stake in shares of O’Reilly Automotive by 1.9% in the fourth quarter. Whalerock Point Partners LLC now owns 1,835 shares of the specialty retailer’s stock valued at $511,000 after buying an additional 35 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of O’Reilly Automotive during the fourth quarter valued at approximately $1,908,000. 92.22% of the stock is owned by institutional investors and hedge funds.
In other news, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total transaction of $148,062.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman David E. Oreilly sold 25,000 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $250.56, for a total value of $6,264,000.00. Following the sale, the chairman now directly owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,640 shares of company stock valued at $6,639,552. 3.12% of the stock is currently owned by company insiders.
O’Reilly Automotive announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the specialty retailer to repurchase up to 4.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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