O’Reilly Automotive (ORLY) Releases Quarterly Earnings Results
O’Reilly Automotive (NASDAQ:ORLY) issued its quarterly earnings data on Thursday. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.64 by $0.05, ARN reports. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.75 billion. O’Reilly Automotive updated its Q4 guidance to $1.27-1.31 EPS.
O’Reilly Automotive (NASDAQ:ORLY) traded down 7.07% on Thursday, hitting $124.81. 1,489,124 shares of the company’s stock traded hands. O’Reilly Automotive has a one year low of $78.58 and a one year high of $128.45. The stock’s 50-day moving average is $124.5 and its 200-day moving average is $112.4. The company has a market cap of $13.549 billion and a price-to-earnings ratio of 24.89.
In other O’Reilly Automotive news, EVP Jeff M. Shaw sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $132.05, for a total value of $660,250.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ORLY. Analysts at Raymond James downgraded shares of O’Reilly Automotive from a “strong-buy” rating to a “market perform” rating in a research note to investors on Thursday. On a related note, analysts at UBS AG raised their price target on shares of O’Reilly Automotive from $132.00 to $150.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of O’Reilly Automotive in a research note to investors on Monday. They now have a $141.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. O’Reilly Automotive has a consensus rating of “Hold” and a consensus price target of $124.13.
O’Reilly Automotive, Inc (NASDAQ:ORLY) is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States, selling its products to both do-it-yourself (DIY) customers and professional service providers.
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