O’Reilly Automotive (NASDAQ:ORLY) issued an update on its first quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.92-4.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.07. O’Reilly Automotive also updated its FY 2019 guidance to $17.37-17.47 EPS.
O’Reilly Automotive stock traded up $11.84 during mid-day trading on Thursday, reaching $365.46. The company’s stock had a trading volume of 1,751,027 shares, compared to its average volume of 757,517. The firm has a market capitalization of $28.59 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 1.27 and a beta of 0.89. The company has a current ratio of 0.91, a quick ratio of 0.11 and a debt-to-equity ratio of 6.37. O’Reilly Automotive has a 12-month low of $217.64 and a 12-month high of $366.18.
O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 6th. The specialty retailer reported $3.72 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.04). The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.33 billion. O’Reilly Automotive had a net margin of 14.09% and a return on equity of 259.86%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.90 earnings per share. On average, equities research analysts forecast that O’Reilly Automotive will post 16.12 EPS for the current year.
O’Reilly Automotive declared that its board has approved a share repurchase plan on Tuesday, November 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the specialty retailer to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts have recently commented on the stock. Credit Suisse Group restated a hold rating and set a $318.00 price target on shares of O’Reilly Automotive in a research report on Tuesday. Raymond James set a $408.00 price target on shares of O’Reilly Automotive and gave the company a strong-buy rating in a research report on Friday, December 14th. Zacks Investment Research upgraded shares of O’Reilly Automotive from a hold rating to a buy rating and set a $393.00 price target for the company in a research report on Tuesday, November 27th. BidaskClub lowered shares of O’Reilly Automotive from a strong-buy rating to a buy rating in a research report on Tuesday, December 4th. Finally, JPMorgan Chase & Co. upgraded shares of O’Reilly Automotive from a neutral rating to an overweight rating and set a $398.00 price target for the company in a research report on Friday, October 19th. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $350.25.
In other news, SVP Jeffrey Alan Lauro sold 12,526 shares of O’Reilly Automotive stock in a transaction on Friday, November 9th. The shares were sold at an average price of $351.06, for a total transaction of $4,397,377.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.07% of the company’s stock.
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O’Reilly Automotive 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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