Wall Street brokerages expect O’Reilly Automotive Inc (NASDAQ:ORLY) to announce $4.29 earnings per share for the current quarter, Zacks reports. Eight analysts have made estimates for O’Reilly Automotive’s earnings, with the lowest EPS estimate coming in at $4.24 and the highest estimate coming in at $4.36. O’Reilly Automotive reported earnings of $3.22 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.2%. The business is expected to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that O’Reilly Automotive will report full-year earnings of $15.91 per share for the current year, with EPS estimates ranging from $15.80 to $16.07. For the next financial year, analysts forecast that the firm will report earnings of $17.75 per share, with EPS estimates ranging from $17.32 to $18.38. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow O’Reilly Automotive.

O’Reilly Automotive (NASDAQ:ORLY) last released its quarterly earnings data on Wednesday, July 25th. The specialty retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.04 by $0.24. O’Reilly Automotive had a return on equity of 229.48% and a net margin of 13.42%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.43 billion. During the same quarter last year, the business posted $3.10 EPS. The business’s revenue was up 7.2% on a year-over-year basis.

Several equities research analysts have weighed in on ORLY shares. Zacks Investment Research upgraded O’Reilly Automotive from a “sell” rating to a “hold” rating and set a $335.00 price objective for the company in a report on Thursday, July 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of O’Reilly Automotive in a report on Friday, July 27th. Oppenheimer increased their price objective on O’Reilly Automotive from $305.00 to $360.00 and gave the stock an “outperform” rating in a report on Wednesday, August 8th. JPMorgan Chase & Co. increased their price objective on O’Reilly Automotive from $293.00 to $311.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Finally, Morgan Stanley increased their price objective on O’Reilly Automotive from $290.00 to $310.00 and gave the stock an “equal weight” rating in a report on Thursday, July 26th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. O’Reilly Automotive has an average rating of “Buy” and a consensus price target of $327.44.

NASDAQ ORLY traded up $3.82 on Tuesday, hitting $340.48. The company’s stock had a trading volume of 758,100 shares, compared to its average volume of 794,300. O’Reilly Automotive has a 52-week low of $190.00 and a 52-week high of $351.65. The company has a debt-to-equity ratio of 8.45, a quick ratio of 0.11 and a current ratio of 0.92. The stock has a market cap of $27.29 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 1.36 and a beta of 0.99.

In related news, SVP Jason Lee Tarrant sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $319.02, for a total transaction of $319,020.00. Following the completion of the transaction, the senior vice president now owns 1,413 shares of the company’s stock, valued at approximately $450,775.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Jeremy Adam Fletcher sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $300.02, for a total value of $1,500,100.00. Following the transaction, the senior vice president now directly owns 5,924 shares of the company’s stock, valued at approximately $1,777,318.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 243,927 shares of company stock valued at $73,976,510. 3.07% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ORLY. Morgan Stanley increased its position in O’Reilly Automotive by 100.8% during the 2nd quarter. Morgan Stanley now owns 523,585 shares of the specialty retailer’s stock valued at $143,236,000 after buying an additional 262,779 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of O’Reilly Automotive by 18,926.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 184,751 shares of the specialty retailer’s stock worth $673,000 after purchasing an additional 183,780 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of O’Reilly Automotive by 507.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 209,102 shares of the specialty retailer’s stock worth $51,728,000 after purchasing an additional 174,675 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of O’Reilly Automotive by 25,189.5% in the 1st quarter. Summit Trail Advisors LLC now owns 172,980 shares of the specialty retailer’s stock worth $173,000 after purchasing an additional 172,296 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of O’Reilly Automotive by 6,598.1% in the 1st quarter. Baird Financial Group Inc. now owns 152,180 shares of the specialty retailer’s stock worth $37,646,000 after purchasing an additional 149,908 shares in the last quarter. 86.00% of the stock is owned by institutional investors.

About O’Reilly Automotive

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.

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