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O’Reilly Automotive (ORLY) Receives Media Sentiment Rating of 0.06
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These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- O’Reilly Automotive, Inc. (ORLY) Expected to Announce Quarterly Sales of $2.34 Billion (americanbankingnews.com)
- Reviewing U.S. Auto Parts Network (PRTS) & O’Reilly Automotive (NASDAQ:ORLY) (americanbankingnews.com)
- O`Reilly Automotive Inc (ORLY) Seeing Increased Volatility in Session – Evergreen Caller (evergreencaller.com)
- Head-To-Head Survey: O’Reilly Automotive (NASDAQ:ORLY) versus U.S. Auto Parts Network (PRTS) (americanbankingnews.com)
- Brokerages Anticipate O’Reilly Automotive, Inc. (NASDAQ:ORLY) Will Post Earnings of $3.16 Per Share (americanbankingnews.com)
O’Reilly Automotive (NASDAQ ORLY) traded down 0.04% during midday trading on Friday, reaching $205.52. The company’s stock had a trading volume of 1,125,865 shares. The firm has a 50 day moving average price of $202.81 and a 200-day moving average price of $245.61. The firm has a market cap of $18.09 billion, a P/E ratio of 18.00 and a beta of 0.74. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $291.56.
O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the business posted $2.65 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, analysts forecast that O’Reilly Automotive will post $11.88 earnings per share for the current fiscal year.
O’Reilly Automotive announced that its board has initiated a stock buyback program on Wednesday, May 10th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.
ORLY has been the subject of several research reports. Atlantic Securities raised O’Reilly Automotive to an “overweight” rating and set a $307.00 price objective for the company in a research note on Friday, April 7th. They noted that the move was a valuation call. Deutsche Bank AG lowered O’Reilly Automotive from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada reduced their price objective on O’Reilly Automotive from $304.00 to $297.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price objective on O’Reilly Automotive and gave the stock a “buy” rating in a report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $242.80.
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In related news, SVP Randy Johnson sold 1,040 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $218.74, for a total transaction of $227,489.60. Following the sale, the senior vice president now owns 9,224 shares in the company, valued at approximately $2,017,657.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the sale, the chairman now owns 145,568 shares in the company, valued at approximately $36,473,518.08. The disclosure for this sale can be found here. Insiders have sold a total of 27,080 shares of company stock worth $6,704,107 in the last quarter. 3.12% of the stock is currently owned by company insiders.
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.