O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Northcoast Research decreased their FY2017 earnings per share (EPS) estimates for shares of O’Reilly Automotive in a note issued to investors on Monday. Northcoast Research analyst N. Mitchell now anticipates that the specialty retailer will post earnings per share of $11.89 for the year, down from their previous forecast of $11.98. Northcoast Research has a “Buy” rating and a $230.00 price target on the stock. Northcoast Research also issued estimates for O’Reilly Automotive’s Q4 2017 earnings at $2.83 EPS, Q1 2018 earnings at $2.98 EPS, Q2 2018 earnings at $3.33 EPS, Q3 2018 earnings at $3.54 EPS and Q4 2018 earnings at $3.10 EPS.

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

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A number of other research firms have also recently commented on ORLY. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $210.00 price target (down previously from $295.00) on shares of O’Reilly Automotive in a report on Thursday, July 6th. Morgan Stanley cut shares of O’Reilly Automotive from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $200.00 to $195.00 in a report on Thursday, July 6th. UBS AG reaffirmed a “buy” rating and issued a $230.00 price target (down previously from $255.00) on shares of O’Reilly Automotive in a report on Tuesday, July 25th. Bank of America Corporation reaffirmed a “buy” rating and issued a $250.00 price target on shares of O’Reilly Automotive in a report on Tuesday, September 5th. Finally, Jefferies Group LLC lowered their price target on shares of O’Reilly Automotive from $302.00 to $248.00 and set a “buy” rating on the stock in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive currently has an average rating of “Hold” and an average target price of $242.74.

O’Reilly Automotive (NASDAQ ORLY) opened at 203.33 on Wednesday. O’Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $286.57. The stock has a 50 day moving average price of $208.08 and a 200 day moving average price of $218.80. The firm has a market cap of $17.90 billion, a P/E ratio of 17.81 and a beta of 0.78.

O’Reilly Automotive declared that its Board of Directors has initiated a stock repurchase program on Friday, September 1st that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

In other news, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $215.98, for a total transaction of $224,619.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence P. Oreilly sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $197.40, for a total transaction of $987,000.00. Following the transaction, the director now owns 142,754 shares of the company’s stock, valued at $28,179,639.60. The disclosure for this sale can be found here. Insiders have sold a total of 18,120 shares of company stock valued at $3,684,364 over the last 90 days. Company insiders own 3.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. BlackRock Inc. grew its position in shares of O’Reilly Automotive by 2,327.8% during the 1st quarter. BlackRock Inc. now owns 5,692,648 shares of the specialty retailer’s stock valued at $1,536,105,000 after purchasing an additional 5,458,171 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of O’Reilly Automotive by 66.8% during the 2nd 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. Waddell & Reed Financial Inc. grew its position in shares of O’Reilly Automotive by 188.5% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,404,613 shares of the specialty retailer’s stock valued at $379,021,000 after purchasing an additional 917,800 shares in the last quarter. Polen Capital Management LLC grew its position in shares of O’Reilly Automotive by 35.7% during the 2nd 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, Vontobel Asset Management Inc. purchased a new position in shares of O’Reilly Automotive during the 2nd quarter valued at $119,025,000. Hedge funds and other institutional investors own 96.66% of the company’s stock.

About O’Reilly Automotive

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.

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

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