Wall Street brokerages forecast that O’Reilly Automotive, Inc. (NASDAQ:ORLY) will announce $2.34 billion in sales for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for O’Reilly Automotive’s earnings. The lowest sales estimate is $2.33 billion and the highest is $2.37 billion. O’Reilly Automotive reported sales of $2.22 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The company is expected to issue its next quarterly earnings report on Wednesday, October 25th.

According to Zacks, analysts expect that O’Reilly Automotive will report full-year sales of $2.34 billion for the current fiscal year, with estimates ranging from $8.97 billion to $9.03 billion. For the next fiscal year, analysts expect that the business will post sales of $9.47 billion per share, with estimates ranging from $9.35 billion to $9.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings data on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating the consensus estimate of $2.90 by $0.20. The business had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.29 billion. O’Reilly Automotive had a net margin of 12.23% and a return on equity of 72.22%. The firm’s revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 EPS.

A number of research firms have commented on ORLY. Bank of America Corporation restated a “buy” rating and issued a $250.00 price target on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Robert W. Baird restated a “neutral” rating on shares of O’Reilly Automotive in a report on Friday, September 1st. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of O’Reilly Automotive in a report on Wednesday, August 9th. BidaskClub upgraded shares of O’Reilly Automotive from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Credit Suisse Group set a $195.00 price target on shares of O’Reilly Automotive and gave the stock a “hold” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive presently has a consensus rating of “Hold” and an average price target of $245.30.

In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $200.87, for a total transaction of $1,004,350.00. Following the transaction, the director now directly owns 72,562 shares of the company’s stock, valued at $14,575,528.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $197.19, for a total transaction of $205,077.60. Following the transaction, the senior vice president now directly owns 9,238 shares in the company, valued at $1,821,641.22. The disclosure for this sale can be found here. Insiders have sold 18,120 shares of company stock worth $3,687,235 over the last three months. 3.12% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in shares of O’Reilly Automotive by 9.1% during the second quarter. BlackRock Inc. now owns 6,213,274 shares of the specialty retailer’s stock valued at $1,359,092,000 after purchasing an additional 520,626 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of O’Reilly Automotive by 1.1% during the second quarter. Vanguard Group Inc. now owns 6,102,530 shares of the specialty retailer’s stock valued at $1,334,868,000 after purchasing an additional 66,172 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of O’Reilly Automotive by 66.8% during the second quarter. JPMorgan Chase & Co. now owns 3,123,465 shares of the specialty retailer’s stock valued at $683,226,000 after purchasing an additional 1,251,237 shares in the last quarter. Polen Capital Management LLC lifted its position in shares of O’Reilly Automotive by 35.7% during the second quarter. Polen Capital Management LLC now owns 2,065,445 shares of the specialty retailer’s stock valued at $451,795,000 after purchasing an additional 543,664 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of O’Reilly Automotive by 14.6% during the second quarter. Principal Financial Group Inc. now owns 1,773,493 shares of the specialty retailer’s stock valued at $387,935,000 after purchasing an additional 226,450 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors.

O’Reilly Automotive (ORLY) traded down 0.64% during midday trading on Friday, reaching $199.10. 683,959 shares of the company traded hands. O’Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $286.57. The stock has a market capitalization of $17.52 billion, a P/E ratio of 17.44 and a beta of 0.76. The company has a 50 day moving average of $198.89 and a 200-day moving average of $233.13.

O’Reilly Automotive declared that its board has authorized a share repurchase plan on Friday, September 1st that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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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.

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Earnings History and Estimates for O`Reilly Automotive (NASDAQ:ORLY)

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