Research Analysts Set Expectations for O’Reilly Automotive, Inc.’s Q4 2017 Earnings (ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – William Blair dropped their Q4 2017 earnings per share (EPS) estimates for O’Reilly Automotive in a note issued to investors on Wednesday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings per share of $2.70 for the quarter, down from their previous forecast of $2.80. William Blair also issued estimates for O’Reilly Automotive’s FY2018 earnings at $12.60 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last released its earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.15 by $0.07. O’Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the business posted $2.90 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis.

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Several other research analysts also recently issued reports on the stock. Bank of America Corporation reaffirmed a “buy” rating and issued a $250.00 target price on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) raised shares of O’Reilly Automotive from a “sell” rating to a “neutral” rating and lowered their target price for the company from $262.00 to $210.00 in a report on Thursday, July 6th. Credit Suisse Group downgraded shares of O’Reilly Automotive from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $262.00 to $195.00 in a report on Thursday, July 6th. Finally, Royal Bank Of Canada lowered their target price 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $243.48.

O’Reilly Automotive (ORLY) traded down 1.86% during trading on Monday, reaching $207.03. The company had a trading volume of 360,848 shares. The firm’s 50-day moving average price is $209.74 and its 200 day moving average price is $217.54. O’Reilly Automotive has a one year low of $169.43 and a one year high of $286.57. The firm has a market capitalization of $18.22 billion, a P/E ratio of 18.14 and a beta of 0.78.

Institutional investors have recently added to or reduced their stakes in the stock. Monetary Management Group Inc. grew its stake in O’Reilly Automotive by 16.3% during the second quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after buying an additional 65 shares during the period. Barrett Asset Management LLC grew its stake in O’Reilly Automotive by 261.5% during the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock worth $103,000 after buying an additional 340 shares during the period. Proficio Capital Partners LLC grew its stake in O’Reilly Automotive by 1.0% during the second quarter. Proficio Capital Partners LLC now owns 501 shares of the specialty retailer’s stock worth $105,000 after buying an additional 5 shares during the period. Sun Life Financial INC grew its stake in O’Reilly Automotive by 5,107.7% during the second quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock worth $148,000 after buying an additional 664 shares during the period. Finally, FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in O’Reilly Automotive by 15.9% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 730 shares of the specialty retailer’s stock worth $160,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 96.27% of the company’s stock.

In other news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $215.98, for a total transaction of $224,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence P. Oreilly sold 5,000 shares of O’Reilly Automotive stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $197.40, for a total transaction of $987,000.00. Following the sale, the director now owns 142,754 shares of the company’s stock, valued at $28,179,639.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,080 shares of company stock valued at $3,471,747. Insiders own 3.12% of the company’s stock.

O’Reilly Automotive declared that its board has approved a share repurchase program on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.

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

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