Wedbush Analysts Boost Earnings Estimates for O'Reilly Automotive Inc (ORLY)
O'Reilly Automotive Inc (NASDAQ:ORLY) – Analysts at Wedbush increased their FY2018 EPS estimates for shares of O'Reilly Automotive in a report released on Thursday. Wedbush analyst S. Basham now expects that the specialty retailer will post earnings of $14.93 per share for the year, up from their prior estimate of $12.68. Wedbush currently has a “Neutral” rating and a $250.00 price objective on the stock.
ORLY has been the subject of a number of other research reports. UBS Group restated a “buy” rating and issued a $240.00 price objective (up previously from $230.00) on shares of O'Reilly Automotive in a research note on Thursday, October 19th. Royal Bank of Canada upgraded O'Reilly Automotive from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 13th. Credit Suisse Group set a $193.00 price objective on O'Reilly Automotive and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded O'Reilly Automotive from a “hold” rating to a “buy” rating and set a $272.00 price objective for the company in a research note on Wednesday, December 27th. Finally, BidaskClub upgraded O'Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Twelve equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. O'Reilly Automotive currently has a consensus rating of “Buy” and an average target price of $249.45.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings results on Wednesday, October 25th. The specialty retailer reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.07. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. O'Reilly Automotive had a return on equity of 93.18% and a net margin of 12.13%. O'Reilly Automotive’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 EPS.
Institutional investors and hedge funds have recently modified their holdings of the stock. NEXT Financial Group Inc purchased a new stake in O'Reilly Automotive during the 3rd quarter worth about $100,000. Monetary Management Group Inc. lifted its holdings in O'Reilly Automotive by 16.3% during the 2nd quarter. Monetary Management Group Inc. now owns 465 shares of the specialty retailer’s stock worth $102,000 after purchasing an additional 65 shares in the last quarter. Amica Retiree Medical Trust purchased a new stake in O'Reilly Automotive during the 3rd quarter worth about $107,000. Fieldpoint Private Securities LLC purchased a new stake in O'Reilly Automotive during the 3rd quarter worth about $141,000. Finally, Sun Life Financial INC lifted its holdings in O'Reilly Automotive by 5,107.7% during the 2nd quarter. Sun Life Financial INC now owns 677 shares of the specialty retailer’s stock worth $148,000 after purchasing an additional 664 shares in the last quarter. 88.36% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Jeremy Adam Fletcher sold 750 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $215.11, for a total transaction of $161,332.50. Following the sale, the senior vice president now owns 1,640 shares of the company’s stock, valued at approximately $352,780.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff M. Shaw sold 10,000 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $250.00, for a total value of $2,500,000.00. Following the sale, the insider now directly owns 34,285 shares in the company, valued at approximately $8,571,250. The disclosure for this sale can be found here. Insiders have sold a total of 159,945 shares of company stock valued at $36,282,766 in the last quarter. 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.
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