Today: Today, O’Reilly Automotive Inc. Forecasted to Post Q1 2017 Earnings of $3.03 Per Share (ORLY)

Today, O’Reilly Automotive Inc. Forecasted to Post Q1 2017 Earnings of $3.03 Per Share (ORLY)

O’Reilly Automotive Inc. (NASDAQ:ORLY) – Analysts at Wedbush lifted their Q1 2017 earnings per share estimates for shares of O’Reilly Automotive in a research report issued on Monday. Wedbush analyst S. Basham now anticipates that the brokerage will post earnings per share of $3.03 for the quarter, up from their previous forecast of $2.99. Wedbush has a “Outperform” rating and a $310.00 price target on the stock. Wedbush also issued estimates for O’Reilly Automotive’s Q2 2017 earnings at $3.25 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.92 by $0.02. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.23 billion. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.64 EPS.

Several other equities analysts also recently weighed in on ORLY. Jefferies Group lifted their price target on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the company a “buy” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of O’Reilly Automotive from $280.00 to $295.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Citigroup Inc. lifted their price target on shares of O’Reilly Automotive from $310.00 to $335.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Deutsche Bank AG lifted their price objective on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. O’Reilly Automotive has an average rating of “Buy” and an average price target of $304.65.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 275.47 on Wednesday. The firm’s 50-day moving average is $270.33 and its 200 day moving average is $273.14. O’Reilly Automotive has a 12 month low of $225.12 and a 12 month high of $292.84. The stock has a market cap of $26.02 billion, a PE ratio of 26.70 and a beta of 0.69.

Several hedge funds have recently modified their holdings of ORLY. Price T Rowe Associates Inc. MD raised its stake in shares of O’Reilly Automotive by 19.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,963,934 shares of the company’s stock worth $2,230,778,000 after buying an additional 1,302,716 shares in the last quarter. Two Creeks Capital Management LP bought a new stake in shares of O’Reilly Automotive during the second quarter worth about $168,986,000. JPMorgan Chase & Co. raised its stake in shares of O’Reilly Automotive by 22.9% in the second quarter. JPMorgan Chase & Co. now owns 1,468,553 shares of the company’s stock worth $398,125,000 after buying an additional 273,199 shares in the last quarter. Scopus Asset Management L.P. bought a new stake in shares of O’Reilly Automotive during the third quarter worth about $74,788,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of O’Reilly Automotive during the third quarter worth about $65,525,000. 89.39% of the stock is owned by hedge funds and other institutional investors.

In related news, Director John Raymond Murphy bought 500 shares of the stock in a transaction dated Tuesday, November 1st. The stock was purchased at an average cost of $263.96 per share, with a total value of $131,980.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Allen Dumas sold 4,300 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $271.27, for a total transaction of $1,166,461.00. Following the sale, the senior vice president now directly owns 4,360 shares of the company’s stock, valued at $1,182,737.20. The disclosure for this sale can be found here. Insiders own 3.37% of the company’s stock.

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