Trading Report: The FY2016 Earnings Estimate for O’Reilly Automotive Inc. (ORLY) Issued By William Blair

The FY2016 Earnings Estimate for O’Reilly Automotive Inc. (ORLY) Issued By William Blair

O’Reilly Automotive Inc. (NASDAQ:ORLY) – Equities research analysts at William Blair cut their FY2016 EPS estimates for O’Reilly Automotive in a research report issued to clients and investors on Wednesday. William Blair analyst D. Hofkin now forecasts that the brokerage will post earnings of $10.70 per share for the year, down from their prior estimate of $10.73. William Blair also issued estimates for O’Reilly Automotive’s FY2017 earnings at $12.25 EPS.

A number of other equities analysts have also commented on the stock. Wedbush reiterated an “outperform” rating and issued a $280.00 price objective on shares of O’Reilly Automotive in a report on Thursday, July 28th. Jefferies Group boosted their price objective on shares of O’Reilly Automotive from $325.00 to $336.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Zacks Investment Research lowered shares of O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Credit Suisse Group AG restated an “outperform” rating and issued a $290.00 target price on shares of O’Reilly Automotive in a research note on Sunday, October 23rd. Finally, Deutsche Bank AG upped their target price on shares of O’Reilly Automotive from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $301.02.

O’Reilly Automotive (NASDAQ:ORLY) opened at 263.50 on Monday. The company has a 50-day moving average price of $276.83 and a 200-day moving average price of $273.54. O’Reilly Automotive has a 12-month low of $225.12 and a 12-month high of $292.84. The firm has a market capitalization of $24.96 billion, a PE ratio of 25.54 and a beta of 0.74.

O’Reilly Automotive (NASDAQ:ORLY) last posted its quarterly earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.92 by $0.02. The company earned $2.22 billion during 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%. O’Reilly Automotive’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $2.64 earnings per share.

Several hedge funds have recently modified their holdings of ORLY. Trust Co. of Vermont bought a new stake in shares of O’Reilly Automotive during the third quarter worth $100,000. Proficio Capital Partners LLC raised its stake in O’Reilly Automotive by 9.8% in the second quarter. Proficio Capital Partners LLC now owns 359 shares of the company’s stock valued at $104,000 after buying an additional 32 shares in the last quarter. Bellwether Investment Group LLC acquired a new stake in O’Reilly Automotive during the second quarter valued at approximately $106,000. Invictus RG raised its stake in O’Reilly Automotive by 1.9% in the second quarter. Invictus RG now owns 493 shares of the company’s stock valued at $134,000 after buying an additional 9 shares in the last quarter. Finally, M&R Capital Management Inc. acquired a new stake in O’Reilly Automotive during the second quarter valued at approximately $135,000. 89.54% of the stock is owned by institutional investors.

In other news, SVP Brad W. Beckham sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $285.49, for a total value of $1,141,960.00. Following the completion of the sale, the senior vice president now directly owns 4,338 shares of the company’s stock, valued at approximately $1,238,455.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $290.20, for a total transaction of $2,902,000.00. Following the completion of the sale, the director now directly owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by insiders.

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