Media coverage about O’Reilly Automotive (NASDAQ:ORLY) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. O’Reilly Automotive earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the specialty retailer an impact score of 46.0322363834395 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of O’Reilly Automotive (NASDAQ ORLY) opened at 209.02 on Tuesday. O’Reilly Automotive has a 12 month low of $169.43 and a 12 month high of $286.57. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of 18.31 and a beta of 0.78. The stock’s 50 day moving average price is $206.44 and its 200 day moving average price is $221.41.
O’Reilly Automotive (NASDAQ:ORLY) last issued its quarterly earnings results on Wednesday, July 26th. The specialty retailer reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.20. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.29 billion. O’Reilly Automotive had a return on equity of 72.22% and a net margin of 12.23%. O’Reilly Automotive’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.65 earnings per share. Equities research analysts predict that O’Reilly Automotive will post $11.87 earnings per share for the current fiscal year.
O’Reilly Automotive declared that its Board of Directors has initiated a share repurchase program on Friday, September 1st that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the specialty retailer to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have recently weighed in on the company. Susquehanna Bancshares Inc restated a “neutral” rating and set a $302.00 price target on shares of O’Reilly Automotive in a research note on Tuesday, June 20th. UBS AG lowered O’Reilly Automotive from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 20th. Raymond James Financial, Inc. dropped their price target on O’Reilly Automotive from $310.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of O’Reilly Automotive in a research report on Wednesday, July 5th. Finally, BidaskClub lowered O’Reilly Automotive from a “sell” rating to a “strong sell” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $242.21.
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In related news, Director Rosalie Oreilly Wooten sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $210.14, for a total value of $1,050,700.00. Following the completion of the transaction, the director now directly owns 77,562 shares of the company’s stock, valued at approximately $16,298,878.68. The sale 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 stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $215.98, for a total value of $224,619.20. The disclosure for this sale can be found here. Insiders sold a total of 18,120 shares of company stock valued at $3,684,364 over the last three months. Corporate insiders own 3.12% of the company’s stock.
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.
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