O’Reilly Auto Parts (NASDAQ:ORLY) – Investment analysts at William Blair upped their Q2 2018 EPS estimates for O’Reilly Auto Parts in a research note issued to investors on Wednesday, April 25th. William Blair analyst D. Hofkin now expects that the specialty retailer will post earnings per share of $4.04 for the quarter, up from their previous estimate of $4.00. William Blair also issued estimates for O’Reilly Auto Parts’ Q3 2018 earnings at $4.16 EPS, FY2018 earnings at $15.50 EPS, Q2 2019 earnings at $4.46 EPS, Q3 2019 earnings at $4.60 EPS and FY2019 earnings at $17.15 EPS.

O’Reilly Auto Parts (NASDAQ:ORLY) last released its earnings results on Wednesday, April 25th. The specialty retailer reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.58 by $0.03. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.28 billion. O’Reilly Auto Parts had a return on equity of 157.37% and a net margin of 12.89%. O’Reilly Auto Parts’s revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.60 earnings per share.

A number of other research firms have also issued reports on ORLY. Raymond James lifted their target price on O’Reilly Auto Parts from $280.00 to $300.00 and gave the stock a “strong-buy” rating in a report on Thursday. BidaskClub raised O’Reilly Auto Parts from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Credit Suisse Group lifted their target price on O’Reilly Auto Parts from $241.00 to $264.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. They noted that the move was a valuation call. Stephens set a $300.00 target price on O’Reilly Auto Parts and gave the stock a “buy” rating in a report on Wednesday, January 17th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $297.00 target price on shares of O’Reilly Auto Parts in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $253.14.

NASDAQ:ORLY opened at $263.29 on Friday. The stock has a market cap of $18,964.96, a P/E ratio of 22.24, a PEG ratio of 0.93 and a beta of 0.94. O’Reilly Auto Parts has a 52-week low of $169.43 and a 52-week high of $279.23. The company has a current ratio of 0.93, a quick ratio of 0.11 and a debt-to-equity ratio of 4.56.

Hedge funds and other institutional investors have recently made changes to their positions in the business. NuWave Investment Management LLC acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth about $122,000. Tower Research Capital LLC TRC boosted its position in O’Reilly Auto Parts by 58.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 651 shares of the specialty retailer’s stock worth $157,000 after acquiring an additional 240 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth about $183,000. GWM Advisors LLC acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth about $208,000. Finally, ETRADE Capital Management LLC acquired a new stake in O’Reilly Auto Parts during the 4th quarter worth about $208,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.

In other O’Reilly Auto Parts news, SVP Larry Lee Ellis sold 1,500 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $250.67, for a total transaction of $376,005.00. Following the completion of the sale, the senior vice president now directly owns 1,856 shares in the company, valued at approximately $465,243.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Raymond Murphy sold 400 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $245.17, for a total value of $98,068.00. The disclosure for this sale can be found here. Insiders sold a total of 3,735 shares of company stock worth $933,080 in the last three months. 3.12% of the stock is currently owned by company insiders.

O’Reilly Auto Parts announced that its Board of Directors has approved a share buyback program on Wednesday, February 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

O’Reilly Auto Parts Company Profile

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

Earnings History and Estimates for O`Reilly Auto Parts (NASDAQ:ORLY)

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