$2.47 Billion in Sales Expected for O’Reilly Automotive Inc (NASDAQ:ORLY) This Quarter

Wall Street brokerages expect O’Reilly Automotive Inc (NASDAQ:ORLY) to report sales of $2.47 billion for the current quarter, Zacks reports. Eight analysts have provided estimates for O’Reilly Automotive’s earnings, with estimates ranging from $2.45 billion to $2.50 billion. O’Reilly Automotive posted sales of $2.31 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 6.9%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 5th.

On average, analysts expect that O’Reilly Automotive will report full-year sales of $10.14 billion for the current year, with estimates ranging from $10.07 billion to $10.17 billion. For the next financial year, analysts expect that the company will post sales of $10.69 billion, with estimates ranging from $10.58 billion to $10.76 billion. Zacks’ sales averages are an average based on a survey of research firms that cover O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, October 23rd. The specialty retailer reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.79 by $0.29. O’Reilly Automotive had a return on equity of 527.13% and a net margin of 13.69%. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the business earned $4.50 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis.

A number of equities research analysts recently weighed in on ORLY shares. Credit Suisse Group lifted their price objective on shares of O’Reilly Automotive from $413.00 to $418.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. UBS Group set a $495.00 target price on shares of O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada set a $465.00 price target on shares of O’Reilly Automotive and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley upped their price target on shares of O’Reilly Automotive from $400.00 to $430.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 24th. Finally, Citigroup lowered shares of O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $441.00 to $430.00 in a research note on Friday, September 13th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $489.53.

Shares of ORLY traded up $4.53 during trading hours on Thursday, reaching $445.57. 332,513 shares of the company’s stock traded hands, compared to its average volume of 367,102. The firm has a market capitalization of $33.37 billion, a price-to-earnings ratio of 27.68, a P/E/G ratio of 1.74 and a beta of 0.69. The company has a debt-to-equity ratio of 32.16, a current ratio of 0.81 and a quick ratio of 0.08. O’Reilly Automotive has a twelve month low of $326.71 and a twelve month high of $454.31. The business’s fifty day simple moving average is $435.05 and its two-hundred day simple moving average is $397.39.

In related news, SVP Jonathan Wyatt Andrews sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $440.51, for a total transaction of $2,753,187.50. Following the completion of the sale, the senior vice president now directly owns 6,756 shares in the company, valued at $2,976,085.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Doug D. Bragg sold 4,845 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $440.39, for a total transaction of $2,133,689.55. Following the sale, the senior vice president now owns 5,610 shares of the company’s stock, valued at $2,470,587.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 77,652 shares of company stock worth $34,085,063. 2.52% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in shares of O’Reilly Automotive by 3.7% during the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the specialty retailer’s stock worth $256,000 after purchasing an additional 23 shares during the last quarter. Hall Laurie J Trustee lifted its stake in shares of O’Reilly Automotive by 20.8% in the 3rd quarter. Hall Laurie J Trustee now owns 145 shares of the specialty retailer’s stock valued at $58,000 after purchasing an additional 25 shares during the last quarter. North American Management Corp boosted its holdings in O’Reilly Automotive by 4.6% in the second quarter. North American Management Corp now owns 614 shares of the specialty retailer’s stock worth $227,000 after purchasing an additional 27 shares in the last quarter. Moloney Securities Asset Management LLC boosted its holdings in O’Reilly Automotive by 4.2% in the third quarter. Moloney Securities Asset Management LLC now owns 691 shares of the specialty retailer’s stock worth $275,000 after purchasing an additional 28 shares in the last quarter. Finally, Hotaling Investment Management LLC boosted its holdings in O’Reilly Automotive by 0.6% in the second quarter. Hotaling Investment Management LLC now owns 5,150 shares of the specialty retailer’s stock worth $1,902,000 after purchasing an additional 32 shares in the last quarter. 83.28% of the stock is currently owned by institutional investors.

About O’Reilly Automotive

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, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, and temperature control and water pumps; maintenance items comprising antifreeze and lighting products, appearance products, engine additives, filters, fluids, and oil and wiper blades; and accessories, such as floor mats, seat covers, and truck accessories.

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

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