O’Reilly Automotive, Inc. (NASDAQ:ORLY) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $3.10-$3.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.19. O’Reilly Automotive also updated its FY17 guidance to $11.77-$11.87 EPS.
A number of brokerages have issued reports on ORLY. Barclays PLC set a $234.00 price objective on shares of O’Reilly Automotive and gave the stock an overweight rating in a research note on Thursday, July 6th. Oppenheimer Holdings, Inc. set a $300.00 target price on shares of O’Reilly Automotive and gave the stock a buy rating in a research note on Thursday, April 27th. UBS AG cut shares of O’Reilly Automotive from a positive rating to a neutral rating in a research note on Tuesday, June 20th. Royal Bank Of Canada decreased their price target on shares of O’Reilly Automotive from $280.00 to $201.00 and set a sector perform rating on the stock in a report on Thursday, July 6th. Finally, Credit Suisse Group set a $290.00 price target on shares of O’Reilly Automotive and gave the company a buy rating in a report on Monday, April 24th. One 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 stock. The company currently has an average rating of Hold and an average price target of $242.80.
O’Reilly Automotive, Inc. (NASDAQ ORLY) traded down 0.27% on Friday, reaching $205.05. 1,467,528 shares of the company’s stock were exchanged. O’Reilly Automotive, Inc. has a 12 month low of $169.43 and a 12 month high of $291.56. The firm has a market capitalization of $18.04 billion, a price-to-earnings ratio of 17.96 and a beta of 0.74. The firm has a 50-day moving average of $202.81 and a 200-day moving average of $245.61.
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 analysts’ consensus estimates of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period last year, the business earned $2.65 EPS. O’Reilly Automotive’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts expect that O’Reilly Automotive, Inc. will post $11.88 earnings per share for the current year.
O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase program on Wednesday, May 10th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Chairman David E. Oreilly sold 25,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now directly owns 145,568 shares in the company, valued at approximately $36,473,518.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Tuesday, August 1st. The shares were 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 directly owns 9,232 shares of the company’s stock, valued at $1,887,390.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,080 shares of company stock worth $6,704,107. 3.12% of the stock is owned by company insiders.
O’Reilly Automotive Company Profile
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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