William Blair Weighs in on O'Reilly Automotive Inc’s Q2 2018 Earnings (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities researchers at William Blair upped their Q2 2018 earnings estimates for shares of O'Reilly Automotive in a research report issued to clients and investors on Wednesday. William Blair analyst D. Hofkin now forecasts that the specialty retailer will post earnings per share of $4.00 for the quarter, up from their prior forecast of $3.35. William Blair also issued estimates for O'Reilly Automotive’s Q3 2018 earnings at $4.15 EPS, Q4 2018 earnings at $3.69 EPS and FY2018 earnings at $15.45 EPS.

O'Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company earned $2.59 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.

A number of other brokerages have also weighed in on ORLY. BidaskClub raised O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Credit Suisse Group lifted their price target on shares of O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. They noted that the move was a valuation call. Stephens set a $300.00 price target on shares of O'Reilly Automotive and gave the company a “buy” rating in a research report on Wednesday, January 17th. Citigroup lifted their price target on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday. Finally, Jefferies Group reiterated a “buy” rating and set a $297.00 price target on shares of O'Reilly Automotive in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $251.05.

Shares of O'Reilly Automotive (NASDAQ ORLY) opened at $248.25 on Monday. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $279.23. The firm has a market capitalization of $21,061.21, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.08 and a beta of 0.90. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.93 and a quick ratio of 0.11.

O'Reilly Automotive announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

In related news, Chairman David E. Oreilly sold 70,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $220.29, for a total value of $15,420,300.00. Following the completion of the sale, the chairman now owns 135,776 shares in the company, valued at approximately $29,910,095.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $235.00, for a total transaction of $244,400.00. Following the completion of the sale, the senior vice president now owns 9,255 shares of the company’s stock, valued at approximately $2,174,925. The disclosure for this sale can be found here. Insiders have sold a total of 153,680 shares of company stock valued at $35,748,242 over the last three months. Corporate insiders own 3.12% of the company’s stock.

Several large investors have recently modified their holdings of ORLY. OppenheimerFunds Inc. lifted its position in shares of O'Reilly Automotive by 589.3% in the 4th quarter. OppenheimerFunds Inc. now owns 1,256,780 shares of the specialty retailer’s stock valued at $302,306,000 after acquiring an additional 1,074,442 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of O'Reilly Automotive by 45.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock valued at $556,331,000 after acquiring an additional 809,647 shares in the last quarter. Polen Capital Management LLC lifted its position in shares of O'Reilly Automotive by 29.4% in the 3rd quarter. Polen Capital Management LLC now owns 2,672,521 shares of the specialty retailer’s stock valued at $575,581,000 after acquiring an additional 607,076 shares in the last quarter. HL Financial Services LLC lifted its position in shares of O'Reilly Automotive by 17,380.0% in the 3rd quarter. HL Financial Services LLC now owns 350,473 shares of the specialty retailer’s stock valued at $75,481,000 after acquiring an additional 348,468 shares in the last quarter. Finally, Madison Investment Holdings Inc. purchased a new stake in shares of O'Reilly Automotive in the 3rd quarter valued at approximately $50,930,000. Institutional investors and hedge funds own 88.14% 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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