Brokers Issue Forecasts for O’Reilly Automotive, Inc.’s FY2021 Earnings (NASDAQ:ORLY)

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Equities research analysts at Truist Securities issued their FY2021 earnings per share estimates for shares of O’Reilly Automotive in a report issued on Wednesday, January 12th. Truist Securities analyst S. Ciccarelli expects that the specialty retailer will post earnings of $29.50 per share for the year. Truist Securities currently has a “Buy” rating and a $796.00 target price on the stock. Truist Securities also issued estimates for O’Reilly Automotive’s Q4 2021 earnings at $6.01 EPS, Q1 2022 earnings at $6.97 EPS, Q2 2022 earnings at $8.75 EPS, Q3 2022 earnings at $8.64 EPS, Q4 2022 earnings at $6.63 EPS, FY2022 earnings at $31.00 EPS, Q1 2023 earnings at $7.96 EPS, Q2 2023 earnings at $9.68 EPS, Q3 2023 earnings at $9.54 EPS, Q4 2023 earnings at $7.35 EPS and FY2023 earnings at $34.55 EPS.

O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Tuesday, October 26th. The specialty retailer reported $8.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.99 by $1.08. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.30 billion. O’Reilly Automotive had a net margin of 15.85% and a return on equity of 3,880.90%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.07 EPS.

Several other equities research analysts also recently commented on ORLY. JPMorgan Chase & Co. upgraded shares of O’Reilly Automotive from a “neutral” rating to an “overweight” rating and upped their price target for the company from $695.00 to $785.00 in a research report on Friday. Zacks Investment Research downgraded shares of O’Reilly Automotive from a “buy” rating to a “hold” rating and set a $651.00 price target for the company. in a research report on Tuesday, November 2nd. Wedbush increased their target price on shares of O’Reilly Automotive from $590.00 to $650.00 and gave the stock a “neutral” rating in a research report on Thursday, October 28th. Wells Fargo & Company increased their target price on shares of O’Reilly Automotive from $715.00 to $780.00 in a research report on Wednesday, January 5th. Finally, Truist began coverage on shares of O’Reilly Automotive in a research report on Thursday. They issued a “buy” rating and a $796.00 target price for the company. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $687.44.

Shares of NASDAQ:ORLY opened at $678.87 on Friday. The company has a debt-to-equity ratio of 17.57, a quick ratio of 0.15 and a current ratio of 0.76. The company has a market cap of $45.74 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 1.65 and a beta of 1.01. O’Reilly Automotive has a 52 week low of $424.03 and a 52 week high of $710.86. The firm has a 50 day simple moving average of $668.34 and a 200 day simple moving average of $628.24.

Large investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. grew its stake in O’Reilly Automotive by 2.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 39,960 shares of the specialty retailer’s stock valued at $24,417,000 after buying an additional 1,006 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its position in O’Reilly Automotive by 0.5% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 22,039 shares of the specialty retailer’s stock worth $13,467,000 after purchasing an additional 120 shares during the last quarter. Mackenzie Financial Corp grew its position in O’Reilly Automotive by 321.0% in the 2nd quarter. Mackenzie Financial Corp now owns 43,744 shares of the specialty retailer’s stock worth $24,768,000 after purchasing an additional 33,354 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in O’Reilly Automotive by 15.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,780 shares of the specialty retailer’s stock worth $1,008,000 after purchasing an additional 232 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in O’Reilly Automotive by 828.6% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 6,500 shares of the specialty retailer’s stock worth $3,680,000 after purchasing an additional 5,800 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

In related news, SVP Carl David Wilbanks sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 24th. The shares were sold at an average price of $645.95, for a total value of $3,229,750.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeff M. Shaw sold 9,024 shares of the firm’s stock in a transaction on Thursday, October 21st. The shares were sold at an average price of $654.96, for a total transaction of $5,910,359.04. The disclosure for this sale can be found here. Insiders have sold a total of 29,458 shares of company stock worth $19,105,646 in the last 90 days. 2.11% of the stock is owned by insiders.

About O’Reilly Automotive

O’Reilly Automotive, Inc owns and operates retail outlets in the United States. It engages in the distribution and retailing of automotive aftermarket parts, tools, supplies, equipment, and accessories in the U.S., serving both professional installers and do-it-yourself customers. The company provides new and remanufactured automotive hard parts, including alternators, starters, fuel pumps, water pumps, brake system components, batteries, belts, hoses, temperature controls, chassis parts and engine parts; maintenance items comprising oil, antifreeze products, fluids, filters, lighting products, engine additives, and appearance products; and accessories, such as floor mats, seat covers, and truck accessories.

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Earnings History and Estimates for O'Reilly Automotive (NASDAQ:ORLY)

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