O’Reilly Automotive (ORLY) Set to Announce Earnings on Wednesday

O’Reilly Automotive (NASDAQ:ORLY) is set to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect O’Reilly Automotive to post earnings of $9.19 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 earnings per share for the quarter, topping the consensus estimate of $9.07 by $0.19. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. O’Reilly Automotive had a net margin of 14.84% and a negative return on equity of 139.01%. O’Reilly Automotive’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.37 EPS. On average, analysts expect O’Reilly Automotive to post $42 EPS for the current fiscal year and $47 EPS for the next fiscal year.

O’Reilly Automotive Stock Performance

Shares of ORLY opened at $1,089.51 on Wednesday. O’Reilly Automotive has a 52 week low of $860.10 and a 52 week high of $1,169.11. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.95 and a beta of 0.86. The business’s fifty day moving average price is $1,090.52 and its two-hundred day moving average price is $1,006.87.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial boosted their price objective on O’Reilly Automotive from $1,149.00 to $1,234.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Wedbush increased their price objective on shares of O’Reilly Automotive from $940.00 to $1,100.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. Mizuho assumed coverage on shares of O’Reilly Automotive in a report on Tuesday, March 19th. They set a “buy” rating and a $1,225.00 target price for the company. Royal Bank of Canada increased their price target on O’Reilly Automotive from $1,003.00 to $1,078.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Finally, Evercore ISI dropped their price objective on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a report on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, O’Reilly Automotive has an average rating of “Moderate Buy” and an average target price of $1,089.59.

Insider Buying and Selling

In other news, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the completion of the transaction, the executive vice president now owns 5,533 shares in the company, valued at $5,884,566.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares in the company, valued at approximately $217,933,947. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Doug D. Bragg sold 1,218 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $1,063.54, for a total value of $1,295,391.72. Following the transaction, the executive vice president now directly owns 5,533 shares of the company’s stock, valued at approximately $5,884,566.82. The disclosure for this sale can be found here. In the last three months, insiders sold 25,968 shares of company stock valued at $27,269,333. 1.18% of the stock is owned by corporate insiders.

Institutional Trading of O’Reilly Automotive

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in O’Reilly Automotive by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 1,489,353 shares of the specialty retailer’s stock valued at $1,262,904,000 after buying an additional 26,201 shares during the last quarter. Morgan Stanley grew its holdings in shares of O’Reilly Automotive by 113.8% in the 4th quarter. Morgan Stanley now owns 1,193,792 shares of the specialty retailer’s stock valued at $1,007,597,000 after acquiring an additional 635,416 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of O’Reilly Automotive by 128.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 687,486 shares of the specialty retailer’s stock valued at $470,900,000 after acquiring an additional 386,822 shares during the last quarter. Norges Bank bought a new stake in O’Reilly Automotive during the fourth quarter worth about $568,266,000. Finally, Price T Rowe Associates Inc. MD boosted its position in O’Reilly Automotive by 5.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 594,541 shares of the specialty retailer’s stock valued at $564,863,000 after purchasing an additional 31,237 shares during the last quarter. Institutional investors own 85.00% of the company’s stock.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.