O’Reilly Automotive, Inc. (NASDAQ:ORLY) is expected to report earnings of $7.40 per share
Analysts expect O’Reilly Automotive, Inc. (NASDAQ:ORLY – Get a rating) will show earnings per share (EPS) of $7.40 for the current quarter, Zacks reports. Eight analysts released earnings estimates for O’Reilly Automotive, with estimates ranging from $6.73 to $8.47. O’Reilly Automotive reported earnings per share of $7.06 in the same quarter last year, suggesting a positive year-over-year growth rate of 4.8%. The company is expected to release its next results on Wednesday, April 27.
On average, analysts expect O’Reilly Automotive to report full year earnings of $32.82 per share for the current year, with EPS estimates ranging from $31.00 to $34.20 . For the next fiscal year, analysts expect the company to report earnings of $36.94 per share, with EPS estimates ranging from $33.80 to $39.55. Zacks’ EPS calculations are an average average based on a survey of research companies that cover O’Reilly Automotive.
O’Reilly Automotive (NASDAQ: ORLY – Get a rating) last released its quarterly results on Wednesday, February 9. The specialty retailer reported earnings per share of $7.64 for the quarter, beating the consensus estimate of $6.05 by $1.59. O’Reilly Automotive had a return on equity of 3,880.90% and a net margin of 15.85%. During the same period of the previous year, the company achieved EPS of $5.40.
ORLY has been the subject of several research analyst reports. Wedbush raised its target price on O’Reilly Automotive from $650.00 to $660.00 and gave the company a “neutral” rating in a Thursday, February 10 research report. DA Davidson raised its target price on O’Reilly Automotive from $640.00 to $700.00 and gave the company a “neutral” rating in a Thursday, Dec. 30 research report. Truist Financial raised its price target on O’Reilly Automotive from $796.00 to $837.00 and gave the company a “buy” rating in a Friday, Feb. 11 research report. Wells Fargo & Company raised its price target on O’Reilly Automotive from $715.00 to $780.00 in a Wednesday, Jan. 5 research report. Finally, Edward Jones downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating in a Wednesday, Jan. 5 research report. Ten equity research analysts gave the stock a hold rating and nine gave the company a buy rating. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $699.72.
Shares of NASDAQ ORLY traded at $17.55 in Friday’s midday session, hitting $654.71. The company’s shares had a trading volume of 404,022 shares, compared to its average volume of 574,333. The company has a market capitalization of $44.11 billion, a P/E ratio of 22.69, a price to earnings growth ratio of 1.54 and a beta of 1.01. The company has a current ratio of 0.76, a quick ratio of 0.15 and a debt ratio of 17.57. O’Reilly Automotive has a 12-month low of $446.19 and a 12-month high of $710.86. The company’s 50-day moving average is $668.18 and its two-hundred-day moving average is $640.70.
In other O’Reilly Automotive news, SVP Jeffrey Alan Lauro purchased 80 shares of O’Reilly Automotive in a trade that took place on Wednesday, February 23. The shares were acquired at an average price of $630.00 per share, for a total transaction of $50,400.00. The acquisition was disclosed in a legal filing with the SEC, available at this link. Insiders own 2.11% of the shares of the company.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Asset Management One Co. Ltd. increased its stake in O’Reilly Automotive by 2.6% in the third quarter. Asset Management One Co. Ltd. now owns 39,960 shares of the specialty retailer valued at $24,417,000 after purchasing an additional 1,006 shares during the period. Schroder Investment Management Group increased its stake in O’Reilly Automotive shares by 10.8% in the third quarter. Schroder Investment Management Group now owns 275,493 shares of the specialty retailer worth $168,342,000 after purchasing an additional 26,804 shares during the period. Beese Fulmer Investment Management Inc. increased its stake in O’Reilly Automotive shares by 0.5% during the third quarter. Beese Fulmer Investment Management Inc. now owns 22,039 shares of the specialty retailer worth $13,467,000 after purchasing an additional 120 shares during the period. NatWest Group plc increased its stake in O’Reilly Automotive shares by 2.9% in the third quarter. NatWest Group plc now owns 9,786 shares of the specialty retailer worth $5,979,000 after buying an additional 278 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in O’Reilly Automotive stock during Q3 for $1,956,000. Institutional investors and hedge funds hold 79.77% of the company’s shares.
About O’Reilly Automotive (Get a rating)
O’Reilly Automotive, Inc. owns and operates outlets in the United States. It is engaged in the distribution and retail sale of automotive parts, tools, supplies, equipment and accessories in the United States, serving professional installers and DIYers. The company provides new and reconditioned auto parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, regulators temperature, chassis and engine parts, maintenance items including oil, antifreeze, fluids, filters, lighting products, engine additives and appearance products, and accessories, such as as floor mats, seat covers and truck accessories.
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