O'Reilly Automotive Inc Expected to Post Q1 2019 Earnings of $4.04 Per Share (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities research analysts at Jefferies Group issued their Q1 2019 earnings per share (EPS) estimates for O'Reilly Automotive in a report issued on Thursday. Jefferies Group analyst B. Jordan forecasts that the specialty retailer will post earnings of $4.04 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $297.00 target price on the stock. Jefferies Group also issued estimates for O'Reilly Automotive’s Q2 2019 earnings at $4.30 EPS, Q3 2019 earnings at $4.42 EPS and Q4 2019 earnings at $4.12 EPS.

A number of other research analysts also recently commented on ORLY. Robert W. Baird increased their target price on O'Reilly Automotive from $230.00 to $290.00 and gave the company a “neutral” rating in a research report on Friday. Citigroup increased their target price on O'Reilly Automotive from $290.00 to $309.00 and gave the company a “buy” rating in a research report on Friday. Credit Suisse Group increased their target price on O'Reilly Automotive from $241.00 to $264.00 and gave the company a “neutral” rating in a research report on Thursday. They noted that the move was a valuation call. BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Stephens set a $300.00 price target on O'Reilly Automotive and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. O'Reilly Automotive has a consensus rating of “Buy” and an average target price of $251.05.

O'Reilly Automotive (ORLY) opened at $249.83 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $21,061.21, a P/E ratio of 21.14, a PEG ratio of 1.08 and a beta of 0.90. O'Reilly Automotive has a 52-week low of $169.43 and a 52-week high of $279.23.

O'Reilly Automotive (NASDAQ:ORLY) last posted its earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.12. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.19 billion. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.59 EPS.

Hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new position in shares of O'Reilly Automotive during the third quarter valued at $100,000. Amica Retiree Medical Trust purchased a new position in shares of O'Reilly Automotive during the third quarter valued at $107,000. NuWave Investment Management LLC purchased a new position in shares of O'Reilly Automotive during the fourth quarter valued at $122,000. Tower Research Capital LLC TRC increased its stake in shares of O'Reilly Automotive by 58.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock valued at $157,000 after buying an additional 240 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in shares of O'Reilly Automotive during the third quarter valued at $141,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

In other O'Reilly Automotive news, SVP Jeremy Adam Fletcher sold 10,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total value of $2,750,000.00. Following the sale, the senior vice president now owns 10,900 shares in the company, valued at $2,997,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $235.00, for a total value of $244,400.00. Following the completion of the sale, the senior vice president now owns 9,255 shares in the company, valued at approximately $2,174,925. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,680 shares of company stock worth $39,048,242. Insiders own 3.12% of the company’s stock.

O'Reilly Automotive declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 7th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

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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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