O’Reilly Auto Parts (NASDAQ:ORLY) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $3.95 to $4.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.01. O’Reilly Auto Parts also updated its FY18 guidance to $15.30 to $15.40 EPS.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of O’Reilly Auto Parts from a sell rating to a hold rating in a report on Tuesday, April 3rd. ValuEngine raised shares of O’Reilly Auto Parts from a sell rating to a hold rating in a report on Wednesday, May 2nd. Zacks Investment Research raised shares of O’Reilly Auto Parts from a sell rating to a hold rating in a report on Friday, April 20th. Jefferies Group reissued a buy rating and issued a $297.00 price target on shares of O’Reilly Auto Parts in a report on Friday, February 9th. Finally, Citigroup upped their price objective on shares of O’Reilly Auto Parts from $290.00 to $309.00 and gave the company a buy rating in a research note on Friday, February 9th. Twelve equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $253.14.
Shares of ORLY opened at $272.89 on Friday. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.15 and a beta of 0.93. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.92 and a quick ratio of 0.11. O’Reilly Auto Parts has a twelve month low of $271.44 and a twelve month high of $274.85.
O’Reilly Auto Parts (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.58 by $0.03. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.28 billion. O’Reilly Auto Parts had a net margin of 12.89% and a return on equity of 175.10%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.60 EPS. equities research analysts forecast that O’Reilly Auto Parts will post 15.47 EPS for the current fiscal year.
O’Reilly Auto Parts announced that its Board of Directors has authorized a stock buyback plan on Wednesday, February 7th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
In other news, CEO Gregory L. Henslee sold 46,524 shares of the firm’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $261.01, for a total value of $12,143,229.24. Following the completion of the sale, the chief executive officer now directly owns 55,326 shares of the company’s stock, valued at approximately $14,440,639.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman David E. Oreilly sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $259.60, for a total transaction of $7,788,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 87,124 shares of company stock valued at $22,748,566 in the last three months. 3.12% of the stock is currently owned by corporate insiders.
O’Reilly Auto Parts Company Profile
O'Reilly Automotive, Inc, together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts, driveline parts, and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, wiper blades, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.
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