Todays Report: The Q4 2016 Earnings Estimate for O’Reilly Automotive Inc. Issued By Jefferies Group (ORLY)

The Q4 2016 Earnings Estimate for O’Reilly Automotive Inc. Issued By Jefferies Group (ORLY)

O’Reilly Automotive Inc. (NASDAQ:ORLY) – Equities researchers at Jefferies Group increased their Q4 2016 earnings estimates for O’Reilly Automotive in a research report issued to clients and investors on Thursday. Jefferies Group analyst B. Jordan now forecasts that the brokerage will post earnings of $2.54 per share for the quarter, up from their prior forecast of $2.49. Jefferies Group currently has a “Buy” rating and a $336.00 target price on the stock. Jefferies Group also issued estimates for O’Reilly Automotive’s Q1 2017 earnings at $2.96 EPS, Q2 2017 earnings at $3.04 EPS, Q3 2017 earnings at $3.22 EPS, Q4 2017 earnings at $2.87 EPS and FY2017 earnings at $12.08 EPS.

ORLY has been the topic of several other reports. Susquehanna started coverage on O’Reilly Automotive in a research note on Thursday, August 25th. They issued a “positive” rating and a $343.00 price objective on the stock. Zacks Investment Research lowered O’Reilly Automotive from a “hold” rating to a “sell” rating in a research note on Friday, October 21st. Wedbush reissued an “outperform” rating and issued a $310.00 target price on shares of O’Reilly Automotive in a report on Thursday. Deutsche Bank AG boosted their target price on O’Reilly Automotive from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Credit Suisse Group AG reissued an “outperform” rating and issued a $290.00 target price on shares of O’Reilly Automotive in a report on Sunday, October 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus 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 one year low of $225.12 and a one year 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 issued its earnings results on Wednesday, October 26th. The company reported $2.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.92 by $0.02. The company earned $2.22 billion during the quarter, compared to analyst estimates of $2.23 billion. O’Reilly Automotive had a return on equity of 53.94% and a net margin of 11.97%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.64 earnings per share.

In other news, Director Rosalie Oreilly Wooten sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 154,092 shares of the company’s stock, valued at $44,717,498.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul R. Lederer sold 100 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $283.00, for a total value of $28,300.00. The disclosure for this sale can be found here. 3.37% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Creeks Capital Management LP purchased a new position in O’Reilly Automotive during the second quarter valued at $168,986,000. Wellington Management Group LLP boosted its position in O’Reilly Automotive by 98.1% in the first quarter. Wellington Management Group LLP now owns 672,115 shares of the company’s stock valued at $183,930,000 after buying an additional 332,895 shares in the last quarter. JPMorgan Chase & Co. boosted its position in O’Reilly Automotive by 22.9% in the second quarter. JPMorgan Chase & Co. now owns 1,468,553 shares of the company’s stock valued at $398,125,000 after buying an additional 273,199 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in O’Reilly Automotive during the second quarter valued at $60,279,000. Finally, Passport Capital LLC purchased a new position in O’Reilly Automotive during the second quarter valued at $54,086,000. 89.61% of the stock is owned by institutional investors.

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