O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Jefferies Group lowered their Q3 2017 earnings estimates for shares of O’Reilly Automotive in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Jordan now anticipates that the specialty retailer will post earnings of $3.15 per share for the quarter, down from their prior forecast of $3.26. Jefferies Group has a “Buy” rating and a $248.00 price target on the stock. Jefferies Group also issued estimates for O’Reilly Automotive’s Q4 2017 earnings at $2.76 EPS, FY2017 earnings at $11.84 EPS, Q3 2018 earnings at $3.60 EPS, Q4 2018 earnings at $3.22 EPS and FY2018 earnings at $13.66 EPS.
O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share 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 company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the company posted $2.65 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.
Shares of O’Reilly Automotive (ORLY) opened at 204.30 on Monday. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 17.90 and a beta of 0.76. The company has a 50-day moving average of $203.57 and a 200-day moving average of $246.13. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $291.56.
O’Reilly Automotive announced that its board has approved a stock repurchase plan on Wednesday, May 10th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
In related news, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $246.77, for a total value of $148,062.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 9,224 shares of the company’s stock, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,640 shares of company stock valued at $6,639,552. 3.12% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in ORLY. Parkside Financial Bank & Trust increased its stake in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares during the period. Cypress Wealth Advisors LLC increased its stake in O’Reilly Automotive by 1.3% in the first quarter. Cypress Wealth Advisors LLC now owns 834 shares of the specialty retailer’s stock valued at $225,000 after buying an additional 11 shares during the period. Genesee Valley Trust Co. increased its stake in O’Reilly Automotive by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 4,662 shares of the specialty retailer’s stock valued at $1,257,000 after buying an additional 14 shares during the period. Intellectus Partners LLC increased its stake in O’Reilly Automotive by 1.1% in the first quarter. Intellectus Partners LLC now owns 1,703 shares of the specialty retailer’s stock valued at $460,000 after buying an additional 19 shares during the period. Finally, BTIM Corp. increased its stake in O’Reilly Automotive by 0.3% in the first quarter. BTIM Corp. now owns 8,471 shares of the specialty retailer’s stock valued at $2,286,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 92.47% of the company’s stock.
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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