O’Reilly Automotive, Inc. (NASDAQ:ORLY) issued its earnings results on Tuesday. The company reported $2.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.05. O’Reilly Automotive had a net margin of 11.97% and a return on equity of 53.94%. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.09 billion. During the same period last year, the company posted $2.19 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. O’Reilly Automotive updated its Q1 guidance to $2.78-2.88 EPS and its FY17 guidance to $12.05-12.15 EPS.
Shares of O’Reilly Automotive (NASDAQ:ORLY) traded up 1.47% during trading on Tuesday, hitting $262.19. 2,040,834 shares of the stock were exchanged. O’Reilly Automotive has a 12-month low of $230.17 and a 12-month high of $292.84. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 25.41 and a beta of 0.69. The stock’s 50 day moving average is $274.61 and its 200-day moving average is $276.74.
A number of brokerages have issued reports on ORLY. Zacks Investment Research raised shares of O’Reilly Automotive from a “sell” rating to a “hold” rating in a report on Tuesday, January 31st. BTIG Research reissued a “buy” rating and set a $310.00 price objective on shares of O’Reilly Automotive in a research note on Tuesday, January 24th. Deutsche Bank AG raised their price objective on shares of O’Reilly Automotive from $275.00 to $315.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. Guggenheim started coverage on shares of O’Reilly Automotive in a research note on Wednesday, January 18th. They set a “neutral” rating and a $310.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating on shares of O’Reilly Automotive in a research note on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. O’Reilly Automotive currently has an average rating of “Buy” and a consensus price target of $307.30.
In other news, SVP Randy Johnson sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $277.55, for a total transaction of $277,550.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert Allen Dumas sold 4,300 shares of the business’s stock in a transaction that occurred 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 owns 4,360 shares in the company, valued at approximately $1,182,737.20. The disclosure for this sale can be found here. Insiders have sold 55,300 shares of company stock worth $15,238,211 in the last 90 days. 3.37% of the stock is owned by company insiders.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company offers its products to both do-it-yourself (DIY) and professional service provider customers. Its stores’ product line includes new and remanufactured automotive hard parts, such as alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature control and engine parts; maintenance items, such as filters, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.