O’Reilly Automotive, Inc. (NASDAQ:ORLY) Releases FY17 Earnings Guidance
O’Reilly Automotive, Inc. (NASDAQ:ORLY) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $11.77-$11.87 for the period, compared to the Thomson Reuters consensus estimate of $11.75. The company issued revenue guidance of $8.9-$9.1 billion, compared to the consensus revenue estimate of $9.00 billion.O’Reilly Automotive also updated its Q3 guidance to $3.10-$3.20 EPS.
A number of equities analysts have weighed in on the company. Cleveland Research lowered O’Reilly Automotive from a buy rating to a neutral rating in a research note on Monday, April 3rd. Deutsche Bank AG lowered O’Reilly Automotive from a buy rating to a hold rating and lowered their price objective for the stock from $315.00 to $273.00 in a research note on Tuesday, April 25th. Royal Bank Of Canada lowered their price objective on O’Reilly Automotive from $304.00 to $297.00 and set a sector perform rating on the stock in a research note on Tuesday, April 25th. Credit Suisse Group set a $290.00 price objective on O’Reilly Automotive and gave the stock a buy rating in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. set a $300.00 price target on O’Reilly Automotive and gave the company a buy rating in a research note on Thursday, April 27th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive currently has a consensus rating of Hold and an average target price of $252.56.
O’Reilly Automotive, Inc. (ORLY) traded up 0.31% on Wednesday, hitting $187.43. The stock had a trading volume of 1,776,990 shares. O’Reilly Automotive, Inc. has a 12-month low of $169.43 and a 12-month high of $292.84. The firm has a market cap of $17.06 billion, a PE ratio of 17.09 and a beta of 0.76. The company’s 50 day moving average is $209.11 and its 200 day moving average is $249.24.
O’Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.88 by $0.28. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.22 billion. O’Reilly Automotive had a net margin of 12.10% and a return on equity of 61.79%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the company posted $2.59 earnings per share. On average, equities research analysts expect that O’Reilly Automotive, Inc. will post $11.74 EPS for the current fiscal year.
O’Reilly Automotive announced that its board has authorized a share repurchase program on Wednesday, May 10th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other O’Reilly Automotive news, Director John Raymond Murphy sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $246.77, for a total value of $148,062.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the completion of the sale, the senior vice president now owns 9,224 shares of the company’s stock, valued at $2,017,657.76. The disclosure for this sale can be found here. Insiders sold 26,640 shares of company stock valued at $6,639,552 over the last 90 days. 3.12% of the stock is currently owned by insiders.
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.
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