FY2018 EPS Estimates for O’Reilly Automotive, Inc. (NASDAQ:ORLY) Reduced by Gabelli

O’Reilly Automotive, Inc. (NASDAQ:ORLY) – Gabelli cut their FY2018 earnings per share estimates for O’Reilly Automotive in a research note issued to investors on Thursday. Gabelli analyst C. Jolly now anticipates that the specialty retailer will post earnings per share of $12.95 for the year, down from their prior forecast of $13.95. Gabelli also issued estimates for O’Reilly Automotive’s FY2019 earnings at $14.65 EPS, FY2020 earnings at $16.55 EPS and FY2021 earnings at $18.75 EPS.

Several other research analysts have also recently issued reports on the company. Bank of America Corporation cut O’Reilly Automotive from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $325.00 to $200.00 in a research note on Friday. UBS AG restated a “buy” rating and issued a $255.00 price objective (down from $320.00) on shares of O’Reilly Automotive in a research note on Friday. Deutsche Bank AG reduced their price objective on O’Reilly Automotive from $272.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday. Goldman Sachs Group, Inc. (The) upgraded O’Reilly Automotive from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $262.00 to $210.00 in a research note on Thursday. Finally, Credit Suisse Group cut O’Reilly Automotive from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $262.00 to $195.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $258.64.

ILLEGAL ACTIVITY NOTICE: “FY2018 EPS Estimates for O’Reilly Automotive, Inc. (NASDAQ:ORLY) Reduced by Gabelli” was reported by WKRB News and is the sole property of of WKRB News. If you are viewing this piece on another domain, it was copied illegally and republished in violation of United States & international copyright & trademark law. The correct version of this piece can be accessed at https://www.wkrb13.com/markets/2285150/fy2018-eps-estimates-for-oreilly-automotive-inc-nasdaqorly-reduced-by-gabelli.html.

Shares of O’Reilly Automotive (NASDAQ:ORLY) opened at 172.85 on Monday. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 15.76 and a beta of 0.76. The stock’s 50 day moving average is $237.55 and its 200 day moving average is $260.49. O’Reilly Automotive has a 52-week low of $170.68 and a 52-week high of $292.84.

O’Reilly Automotive (NASDAQ:ORLY) last issued its earnings results on Wednesday, April 26th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.88 by $0.28. O’Reilly Automotive had a return on equity of 61.79% and a net margin of 12.10%. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm posted $2.59 EPS. O’Reilly Automotive’s quarterly revenue was up 2.9% compared to the same quarter last year.

In other O’Reilly Automotive news, Chairman David E. Oreilly sold 25,000 shares of the business’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $250.56, for a total transaction of $6,264,000.00. Following the transaction, the chairman now owns 145,568 shares of the company’s stock, valued at $36,473,518.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Randy Johnson sold 1,040 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $218.74, for a total value of $227,489.60. Following the transaction, the senior vice president now directly owns 9,224 shares in the company, valued at approximately $2,017,657.76. The disclosure for this sale can be found here. Insiders sold 26,640 shares of company stock worth $6,639,552 over the last ninety days. Corporate insiders own 3.12% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC acquired a new stake in O’Reilly Automotive during the first quarter worth approximately $688,000. Glenview Trust Co increased its stake in O’Reilly Automotive by 198.6% in the first quarter. Glenview Trust Co now owns 8,323 shares of the specialty retailer’s stock worth $2,246,000 after buying an additional 5,536 shares in the last quarter. Highbridge Capital Management LLC increased its stake in O’Reilly Automotive by 7.1% in the fourth quarter. Highbridge Capital Management LLC now owns 53,000 shares of the specialty retailer’s stock worth $14,756,000 after buying an additional 3,503 shares in the last quarter. First Trust Advisors LP increased its stake in O’Reilly Automotive by 9.7% in the first quarter. First Trust Advisors LP now owns 48,397 shares of the specialty retailer’s stock worth $13,059,000 after buying an additional 4,292 shares in the last quarter. Finally, Brant Point Investment Management LLC increased its stake in O’Reilly Automotive by 18.5% in the first quarter. Brant Point Investment Management LLC now owns 28,484 shares of the specialty retailer’s stock worth $7,686,000 after buying an additional 4,450 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors.

About O’Reilly Automotive

O’Reilly Automotive, Inc is a specialty retailer of automotive aftermarket parts, tools, supplies, equipment and accessories in the United States. The Company sells its products to both do-it-yourself (DIY) and professional service provider customers. The Company’s 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, chassis parts, driveline parts and engine parts; maintenance items, such as oil, antifreeze, fluids, filters, wiper blades, lighting, engine additives and appearance products, and accessories, such as floor mats, seat covers and truck accessories.

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

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2285150/fy2018-eps-estimates-for-oreilly-automotive-inc-nasdaqorly-reduced-by-gabelli.html

Receive News & Ratings for O'Reilly Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O'Reilly Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.