O’Reilly Automotive, Inc. (ORLY) Updates Q4 Earnings Guidance

O’Reilly Automotive, Inc. (NASDAQ:ORLY) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.65-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.80.

Shares of O’Reilly Automotive, Inc. (NASDAQ:ORLY) traded up $3.34 during mid-day trading on Friday, hitting $214.43. 851,000 shares of the company were exchanged, compared to its average volume of 1,332,907. The company has a quick ratio of 0.10, a current ratio of 0.93 and a debt-to-equity ratio of 4.72. The firm has a market capitalization of $17,948.50, a PE ratio of 18.34, a P/E/G ratio of 1.25 and a beta of 0.80. O’Reilly Automotive, Inc. has a 52-week low of $169.43 and a 52-week high of $286.57.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, October 25th. The specialty retailer reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. O’Reilly Automotive had a net margin of 12.13% and a return on equity of 93.18%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business posted $2.90 earnings per share. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. equities analysts forecast that O’Reilly Automotive, Inc. will post 11.91 earnings per share for the current fiscal year.

O’Reilly Automotive announced that its board has approved a stock repurchase plan on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire up to 5.8% 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.

Several brokerages have issued reports on ORLY. Citigroup Inc. boosted their price objective on shares of O’Reilly Automotive from $276.00 to $283.00 and gave the company a buy rating in a research note on Friday, October 27th. Robert W. Baird reissued a hold rating and issued a $220.00 price objective on shares of O’Reilly Automotive in a research note on Friday, October 27th. Credit Suisse Group set a $193.00 price objective on shares of O’Reilly Automotive and gave the company a hold rating in a research note on Thursday, October 26th. Oppenheimer Holdings, Inc. set a $220.00 price objective on shares of O’Reilly Automotive and gave the company a buy rating in a research note on Thursday, October 26th. Finally, UBS AG reissued a buy rating and issued a $240.00 price objective (up from $230.00) on shares of O’Reilly Automotive in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. O’Reilly Automotive has an average rating of Hold and an average price target of $243.48.

In related news, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $211.24, for a total transaction of $219,689.60. Following the transaction, the senior vice president now directly owns 9,250 shares in the company, valued at $1,953,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Scott E. Kraus sold 1,500 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $212.49, for a total value of $318,735.00. Following the transaction, the senior vice president now owns 2,959 shares in the company, valued at $628,757.91. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,620 shares of company stock valued at $2,959,471. Corporate insiders own 3.12% of the company’s stock.

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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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