Wedbush Weighs in on O'Reilly Automotive Inc’s Q1 2018 Earnings (ORLY)

O'Reilly Automotive Inc (NASDAQ:ORLY) – Wedbush issued their Q1 2018 EPS estimates for shares of O'Reilly Automotive in a report released on Thursday. Wedbush analyst S. Basham expects that the specialty retailer will post earnings of $3.63 per share for the quarter. Wedbush has a “Neutral” rating and a $250.00 price objective on the stock. Wedbush also issued estimates for O'Reilly Automotive’s Q2 2018 earnings at $3.91 EPS, Q3 2018 earnings at $4.10 EPS and Q4 2018 earnings at $3.69 EPS.

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

Other research analysts have also recently issued reports about the company. BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Citigroup boosted their target price on O'Reilly Automotive from $290.00 to $309.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Group restated a “buy” rating and set a $297.00 target price on shares of O'Reilly Automotive in a report on Friday. Zacks Investment Research cut O'Reilly Automotive from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Finally, Moffett Nathanson assumed coverage on O'Reilly Automotive in a report on Monday, December 4th. They set a “buy” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. O'Reilly Automotive presently has a consensus rating of “Buy” and an average price target of $251.05.

O'Reilly Automotive (NASDAQ ORLY) opened at $249.83 on Monday. The firm has a market capitalization of $21,320.00, a P/E ratio of 19.70, a PEG ratio of 1.08 and a beta of 0.90. O'Reilly Automotive has a twelve month low of $169.43 and a twelve month high of $279.23. The company has a current ratio of 0.93, a quick ratio of 0.10 and a debt-to-equity ratio of 4.56.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ORLY. First Republic Investment Management Inc. raised its position in O'Reilly Automotive by 7.9% in the fourth quarter. First Republic Investment Management Inc. now owns 13,914 shares of the specialty retailer’s stock valued at $3,346,000 after purchasing an additional 1,023 shares during the period. Timber Hill LLC raised its position in O'Reilly Automotive by 7.4% in the fourth quarter. Timber Hill LLC now owns 4,668 shares of the specialty retailer’s stock valued at $1,123,000 after purchasing an additional 322 shares during the period. Baird Financial Group Inc. raised its position in O'Reilly Automotive by 125.2% in the fourth quarter. Baird Financial Group Inc. now owns 2,272 shares of the specialty retailer’s stock valued at $547,000 after purchasing an additional 1,263 shares during the period. FDx Advisors Inc. raised its position in O'Reilly Automotive by 14.1% in the fourth quarter. FDx Advisors Inc. now owns 20,602 shares of the specialty retailer’s stock valued at $4,956,000 after purchasing an additional 2,551 shares during the period. Finally, Synovus Financial Corp raised its position in O'Reilly Automotive by 8.8% in the fourth quarter. Synovus Financial Corp now owns 5,539 shares of the specialty retailer’s stock valued at $1,333,000 after purchasing an additional 447 shares during the period. Hedge funds and other institutional investors own 88.21% of the company’s stock.

In related news, SVP Jeremy Adam Fletcher sold 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 10,900 shares in the company, valued at $2,997,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randy Johnson sold 1,040 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $235.00, for a total value of $244,400.00. Following the completion of the transaction, the senior vice president now owns 9,255 shares in the company, valued at $2,174,925. The disclosure for this sale can be found here. Insiders sold 168,680 shares of company stock worth $39,048,242 over the last quarter. 3.12% of the stock is currently owned by insiders.

O'Reilly Automotive announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership 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.

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

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