O’Reilly Automotive (ORLY) Set to Announce Earnings on Wednesday

O’Reilly Automotive (NASDAQ:ORLY) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect O’Reilly Automotive to post earnings of $9.19 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data on Thursday, February 8th. The specialty retailer reported $9.26 EPS for the quarter, beating analysts’ consensus estimates of $9.07 by $0.19. O’Reilly Automotive had a negative return on equity of 139.01% and a net margin of 14.84%. The firm had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter last year, the firm posted $8.37 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts expect O’Reilly Automotive to post $42 EPS for the current fiscal year and $47 EPS for the next fiscal year.

O’Reilly Automotive Stock Up 1.9 %

Shares of NASDAQ:ORLY opened at $1,089.51 on Wednesday. O’Reilly Automotive has a twelve month low of $860.10 and a twelve month high of $1,169.11. The stock’s 50 day moving average is $1,090.52 and its 200-day moving average is $1,006.87. The firm has a market capitalization of $64.31 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 1.95 and a beta of 0.86.

Insider Activity at O’Reilly Automotive

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of O’Reilly Automotive stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $1,062.60, for a total value of $6,847,394.40. Following the sale, the chairman now owns 205,095 shares of the company’s stock, valued at $217,933,947. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other O’Reilly Automotive news, Chairman David E. Oreilly sold 6,444 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,062.60, for a total transaction of $6,847,394.40. Following the completion of the transaction, the chairman now directly owns 205,095 shares of the company’s stock, valued at $217,933,947. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $1,028.00, for a total value of $5,140,000.00. Following the completion of the sale, the chief financial officer now directly owns 2,335 shares of the company’s stock, valued at $2,400,380. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,968 shares of company stock worth $27,269,333. 1.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On O’Reilly Automotive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC bought a new stake in shares of O’Reilly Automotive in the second quarter valued at approximately $25,000. Ancora Advisors LLC bought a new stake in O’Reilly Automotive during the 4th quarter valued at $30,000. Compass Wealth Management LLC purchased a new stake in shares of O’Reilly Automotive during the fourth quarter worth $38,000. SkyView Investment Advisors LLC bought a new position in shares of O’Reilly Automotive in the first quarter worth $39,000. Finally, Quarry LP grew its position in shares of O’Reilly Automotive by 147.8% in the first quarter. Quarry LP now owns 57 shares of the specialty retailer’s stock valued at $48,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of O’Reilly Automotive from a “hold” rating to a “buy” rating in a research note on Tuesday. Evercore ISI cut their price target on O’Reilly Automotive from $1,240.00 to $1,220.00 and set an “outperform” rating for the company in a research note on Tuesday. Wedbush increased their price objective on O’Reilly Automotive from $940.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Wells Fargo & Company lifted their target price on O’Reilly Automotive from $1,200.00 to $1,300.00 and gave the company an “overweight” rating in a research report on Monday, March 25th. Finally, The Goldman Sachs Group upped their price target on O’Reilly Automotive from $1,022.00 to $1,170.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, O’Reilly Automotive has an average rating of “Moderate Buy” and an average price target of $1,089.59.

O’Reilly Automotive Company Profile

O'Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, Puerto Rico, and Mexico. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.