O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Jefferies Group decreased their Q3 2017 earnings estimates for shares of O’Reilly Automotive in a research note issued on Thursday. Jefferies Group analyst B. Jordan now forecasts that the specialty retailer will post earnings of $3.15 per share for the quarter, down from their previous estimate of $3.26. Jefferies Group has a “Buy” rating and a $248.00 price objective on the stock. Jefferies Group also issued estimates for O’Reilly Automotive’s Q4 2017 earnings at $2.76 EPS, FY2017 earnings at $11.84 EPS, Q3 2018 earnings at $3.60 EPS, Q4 2018 earnings at $3.22 EPS and FY2018 earnings at $13.66 EPS.

Other equities research analysts have also recently issued reports about the company. Stephens set a $315.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Friday, April 28th. Oppenheimer Holdings, Inc. set a $300.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Thursday, April 27th. Credit Suisse Group set a $290.00 target price on O’Reilly Automotive and gave the company a “buy” rating in a research note on Monday, April 24th. UBS AG reissued a “buy” rating and issued a $255.00 target price (down from $320.00) on shares of O’Reilly Automotive in a research note on Friday, July 7th. Finally, Northcoast Research raised O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $230.00 target price for the company in a research note on Tuesday, July 18th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. O’Reilly Automotive has an average rating of “Hold” and an average price target of $242.80.

ILLEGAL ACTIVITY NOTICE: This report was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://theolympiareport.com/2017/08/12/oreilly-automotive-inc-nasdaqorly-to-post-q3-2017-earnings-of-3-15-per-share-jefferies-group-forecasts-updated.html.

O’Reilly Automotive (NASDAQ:ORLY) opened at 208.16 on Monday. The company’s 50-day moving average price is $202.81 and its 200 day moving average price is $245.61. O’Reilly Automotive has a 52 week low of $169.43 and a 52 week high of $291.68. The company has a market cap of $18.32 billion, a PE ratio of 18.23 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last announced its earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.20. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.29 billion. During the same quarter last year, the business posted $2.65 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nikko Asset Management Americas Inc. acquired a new position in O’Reilly Automotive during the first quarter valued at $108,000. Parkside Financial Bank & Trust raised its position in O’Reilly Automotive by 1.2% in the first quarter. Parkside Financial Bank & Trust now owns 414 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 5 shares in the last quarter. Barrett Asset Management LLC raised its position in O’Reilly Automotive by 261.5% in the second quarter. Barrett Asset Management LLC now owns 470 shares of the specialty retailer’s stock valued at $103,000 after buying an additional 340 shares in the last quarter. Proficio Capital Partners LLC raised its position in O’Reilly Automotive by 23.1% in the first quarter. Proficio Capital Partners LLC now owns 496 shares of the specialty retailer’s stock valued at $119,000 after buying an additional 93 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in O’Reilly Automotive by 108.2% in the first quarter. FTB Advisors Inc. now owns 506 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 92.47% of the company’s stock.

In other O’Reilly Automotive news, SVP Randy Johnson sold 1,040 shares of O’Reilly Automotive stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $218.74, for a total transaction of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at $2,017,657.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman David E. Oreilly sold 25,000 shares of O’Reilly Automotive stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $250.56, for a total value of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares in the company, valued at $36,473,518.08. The disclosure for this sale can be found here. Insiders own 3.12% of the company’s stock.

O’Reilly Automotive declared that its board has authorized a stock buyback program on Wednesday, May 10th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the specialty retailer to purchase up to 4.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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)

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.