O'Reilly Automotive (NASDAQ:ORLY) Issues Q1 Earnings Guidance

O'Reilly Automotive (NASDAQ:ORLY) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $3.55-$3.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.38. O'Reilly Automotive also updated its FY18 guidance to $15.10-15.20 EPS.

Several research firms have weighed in on ORLY. BidaskClub raised shares of O'Reilly Automotive from a sell rating to a hold rating in a research note on Thursday, January 11th. Citigroup lifted their price objective on shares of O'Reilly Automotive from $290.00 to $309.00 and gave the company a buy rating in a report on Friday, February 9th. Jefferies Group restated a buy rating and set a $297.00 price target on shares of O'Reilly Automotive in a report on Friday, February 9th. Zacks Investment Research cut shares of O'Reilly Automotive from a buy rating to a hold rating in a report on Friday, December 29th. Finally, Moffett Nathanson assumed coverage on shares of O'Reilly Automotive in a report on Monday, December 4th. They set a buy rating on the stock. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $251.05.

O'Reilly Automotive (NASDAQ:ORLY) traded up $2.24 during mid-day trading on Thursday, reaching $247.55. 1,095,300 shares of the company’s stock were exchanged, compared to its average volume of 1,015,863. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56. O'Reilly Automotive has a fifty-two week low of $169.43 and a fifty-two week high of $279.23. The stock has a market cap of $20,680.17, a PE ratio of 19.54, a PEG ratio of 1.00 and a beta of 0.90.

O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.12. O'Reilly Automotive had a net margin of 11.38% and a return on equity of 157.83%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the previous year, the company earned $2.59 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. sell-side analysts forecast that O'Reilly Automotive will post 15.44 earnings per share for the current fiscal year.

O'Reilly Automotive announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

In other O'Reilly Automotive news, CFO Thomas Mcfall sold 20,000 shares of the stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $235.00, for a total transaction of $4,700,000.00. Following the completion of the sale, the chief financial officer now owns 27,431 shares of the company’s stock, valued at approximately $6,446,285. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Randy Johnson sold 1,040 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $235.00, for a total transaction of $244,400.00. Following the sale, the senior vice president now directly owns 9,255 shares of the company’s stock, valued at approximately $2,174,925. The disclosure for this sale can be found here. Insiders sold a total of 153,680 shares of company stock valued at $35,748,242 in the last ninety days. 3.12% of the stock is owned by corporate insiders.

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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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