Brokers Set Expectations for O'Reilly Automotive Inc’s FY2022 Earnings (ORLY)
O'Reilly Automotive Inc (NASDAQ:ORLY) – Equities research analysts at Gabelli issued their FY2022 earnings per share estimates for shares of O'Reilly Automotive in a report issued on Friday. Gabelli analyst C. Jolly expects that the specialty retailer will earn $24.35 per share for the year.
O'Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, February 7th. The specialty retailer reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.12. O'Reilly Automotive had a return on equity of 119.05% and a net margin of 12.63%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the firm posted $2.59 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis.
O'Reilly Automotive (NASDAQ ORLY) traded down $1.58 on Monday, reaching $248.25. The company had a trading volume of 944,400 shares, compared to its average volume of 1,045,735. O'Reilly Automotive has a 12-month low of $169.43 and a 12-month high of $279.23. The firm has a market capitalization of $20,890.00, a PE ratio of 19.47, a PEG ratio of 1.08 and a beta of 0.90. The company has a quick ratio of 0.11, a current ratio of 0.93 and a debt-to-equity ratio of 4.56.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of O'Reilly Automotive by 3.1% during the fourth quarter. BlackRock Inc. now owns 6,987,704 shares of the specialty retailer’s stock worth $1,680,822,000 after acquiring an additional 208,748 shares during the period. Polen Capital Management LLC increased its position in shares of O'Reilly Automotive by 0.5% during the fourth quarter. Polen Capital Management LLC now owns 2,684,772 shares of the specialty retailer’s stock worth $645,795,000 after acquiring an additional 12,251 shares during the period. Principal Financial Group Inc. increased its position in shares of O'Reilly Automotive by 45.7% during the third quarter. Principal Financial Group Inc. now owns 2,583,140 shares of the specialty retailer’s stock worth $556,331,000 after acquiring an additional 809,647 shares during the period. Amundi Pioneer Asset Management Inc. increased its position in shares of O'Reilly Automotive by 54.6% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,309,824 shares of the specialty retailer’s stock worth $315,065,000 after acquiring an additional 462,799 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of O'Reilly Automotive by 589.3% during the fourth quarter. OppenheimerFunds Inc. now owns 1,256,780 shares of the specialty retailer’s stock worth $302,306,000 after acquiring an additional 1,074,442 shares during the period. 88.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Jeremy Adam Fletcher sold 10,000 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $275.00, for a total transaction of $2,750,000.00. Following the sale, the senior vice president now owns 10,900 shares of the company’s stock, valued at $2,997,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gregory D. Johnson sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $233.33, for a total value of $3,499,950.00. Following the sale, the insider now directly owns 18,958 shares in the company, valued at approximately $4,423,470.14. The disclosure for this sale can be found here. In the last three months, insiders sold 153,680 shares of company stock worth $35,748,242. 3.12% of the stock is owned by corporate insiders.
O'Reilly Automotive announced that its board has authorized a share repurchase program on Wednesday, February 7th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are 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.
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