O’Reilly Automotive (NASDAQ:ORLY – Get Rating) is scheduled to release its earnings data after the market closes on Wednesday, July 27th. Analysts expect O’Reilly Automotive to post earnings of $9.00 per share for the quarter. O’Reilly Automotive has set its FY22 guidance at $32.35-$32.85 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.
O’Reilly Automotive (NASDAQ:ORLY – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The specialty retailer reported $7.17 EPS for the quarter, missing the consensus estimate of $7.43 by ($0.26). O’Reilly Automotive had a net margin of 15.85% and a negative return on equity of 2,699.29%. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business earned $7.06 earnings per share. On average, analysts expect O’Reilly Automotive to post $33 EPS for the current fiscal year and $37 EPS for the next fiscal year.
O’Reilly Automotive Price Performance
Shares of NASDAQ ORLY opened at $689.32 on Wednesday. The company has a market capitalization of $45.31 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.65 and a beta of 0.99. O’Reilly Automotive has a 1-year low of $562.90 and a 1-year high of $748.68. The business has a 50-day moving average of $629.39 and a 200-day moving average of $658.29.
Insider Transactions at O’Reilly Automotive
In other news, SVP Jeffrey Lynn Groves acquired 175 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were purchased at an average cost of $572.77 per share, for a total transaction of $100,234.75. Following the transaction, the senior vice president now directly owns 721 shares in the company, valued at approximately $412,967.17. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other O’Reilly Automotive news, CFO Jeremy Adam Fletcher purchased 835 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was bought at an average price of $600.00 per share, with a total value of $501,000.00. Following the completion of the purchase, the chief financial officer now owns 1,897 shares in the company, valued at approximately $1,138,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Jeffrey Lynn Groves acquired 175 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The shares were bought at an average price of $572.77 per share, for a total transaction of $100,234.75. Following the completion of the purchase, the senior vice president now owns 721 shares of the company’s stock, valued at $412,967.17. The disclosure for this purchase can be found here. Insiders own 1.73% of the company’s stock.
Institutional Trading of O’Reilly Automotive
A number of hedge funds and other institutional investors have recently made changes to their positions in ORLY. Mirabella Financial Services LLP bought a new stake in O’Reilly Automotive during the first quarter worth approximately $553,000. Eudaimonia Advisors LLC lifted its holdings in shares of O’Reilly Automotive by 19.3% in the first quarter. Eudaimonia Advisors LLC now owns 611 shares of the specialty retailer’s stock valued at $419,000 after buying an additional 99 shares during the period. qPULA Trading Management LP acquired a new position in O’Reilly Automotive during the first quarter worth about $411,000. Fund Management at Engine No. 1 LLC bought a new stake in O’Reilly Automotive in the first quarter worth about $390,000. Finally, Ergoteles LLC acquired a new stake in O’Reilly Automotive in the 1st quarter valued at about $387,000. 82.76% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
ORLY has been the subject of several research analyst reports. MKM Partners initiated coverage on O’Reilly Automotive in a research note on Thursday, June 23rd. They set a “buy” rating and a $700.00 target price for the company. DA Davidson raised shares of O’Reilly Automotive from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $700.00 to $740.00 in a research report on Wednesday, June 29th. Truist Financial decreased their price target on O’Reilly Automotive from $837.00 to $788.00 in a research note on Friday, April 29th. StockNews.com initiated coverage on O’Reilly Automotive in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Bank of America upgraded O’Reilly Automotive from a “neutral” rating to a “buy” rating and set a $730.00 price target for the company in a report on Tuesday, May 10th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, O’Reilly Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $721.04.
O’Reilly Automotive Company Profile
O’Reilly Automotive, Inc, together with its subsidiaries, operates as a retailer and supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States. The company provides new and remanufactured automotive hard parts and maintenance items, such as alternators, batteries, brake system components, belts, chassis parts, driveline parts, engine parts, fuel pumps, hoses, starters, temperature control, water pumps, antifreeze, appearance products, engine additives, filters, fluids, lighting products, and oil and wiper blades; and accessories, including floor mats, seat covers, and truck accessories.
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