Today: The Northcoast Research Comments on O’Reilly Automotive Inc.’s FY2016 Earnings (ORLY)

The Northcoast Research Comments on O’Reilly Automotive Inc.’s FY2016 Earnings (ORLY)

O’Reilly Automotive Inc. (NASDAQ:ORLY) – Equities researchers at Northcoast Research raised their FY2016 EPS estimates for shares of O’Reilly Automotive in a research note issued to investors on Friday. Northcoast Research analyst N. Mitchell now forecasts that the firm will earn $10.63 per share for the year, up from their prior forecast of $10.53. Northcoast Research also issued estimates for O’Reilly Automotive’s Q4 2016 earnings at $2.49 EPS, Q1 2017 earnings at $2.83 EPS, Q2 2017 earnings at $3.13 EPS, Q3 2017 earnings at $3.25 EPS, Q4 2017 earnings at $2.73 EPS and FY2017 earnings at $11.94 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last announced its quarterly earnings data 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. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The company earned $2.22 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm posted $2.64 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year.

Other research analysts also recently issued research reports about the company. Jefferies Group reaffirmed a “buy” rating and issued a $336.00 price objective on shares of O’Reilly Automotive in a research note on Wednesday, October 19th. Deutsche Bank AG reaffirmed a “buy” rating on shares of O’Reilly Automotive in a research note on Sunday, July 10th. Citigroup Inc. raised their price objective on O’Reilly Automotive from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Vetr downgraded O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $300.40 price objective on the stock. in a research note on Monday, August 1st. Finally, Zacks Investment Research raised O’Reilly Automotive from a “sell” rating to a “hold” rating in a research note on Friday, July 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $301.02.

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

In other O’Reilly Automotive news, Director Paul R. Lederer sold 100 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $283.00, for a total transaction of $28,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rosalie Oreilly Wooten sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were sold at an average price of $290.20, for a total value of $2,902,000.00. Following the transaction, the director now owns 154,092 shares of the company’s stock, valued at approximately $44,717,498.40. The disclosure for this sale can be found here. Company insiders own 3.37% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Trust Co. of Vermont purchased a new position in O’Reilly Automotive during the third quarter valued at $100,000. Proficio Capital Partners LLC boosted its position 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 purchased a new position in O’Reilly Automotive during the second quarter valued at $106,000. Invictus RG boosted its position 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. purchased a new position in O’Reilly Automotive during the second quarter valued at $135,000. Institutional investors and hedge funds own 89.54% of the company’s stock.

O’Reilly Automotive Company Profile

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