Free Research Report as O’Reilly’s Sales Rose 6%, EPS Surged 28%

LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want access to our free earnings report on O’Reilly Automotive, Inc. (NASDAQ: ORLY) (”O’Reilly”), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ORLY. O’Reilly reported its first quarter fiscal 2018 operating and financial results on April 25, 2018. The auto parts retailer’s earnings beat Wall Street estimates. Additionally, the Company provided earnings guidance for the upcoming quarter and fiscal quarter. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, O’Reilly Automotive most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ORLY

Earnings Highlights and Summary

O’Reilly’s sales for the first quarter ended March 31, 2018, increased 6%, to $2.28 billion from $2.16 billion for Q1 2017. The Company’s comparable store sales increased 3.4% for the reported quarter, on top of 0.8% for the same period one year ago. O’Reilly’s reported numbers matched analysts’ estimates of $2.28 billion.

During Q1 2018, O’Reilly’s gross profit increased to $1.20 billion, or 52.6% of sales, from $1.13 billion, or 52.5% of sales, for Q1 2017; representing an increase of 6%. The Company’s selling, general, and administrative (SG&A) expenses increased to $778 million, or 34.1% of sales, for the reported quarter compared to $728 million, or 33.8% of sales for the prior year’s same quarter; representing an increase of 7%.

O’Reilly’s operating income increased to $423 million, or 18.5% of sales, for Q1 2018 from $403 million, or 18.7% of sales, in Q1 2017; representing an increase of 5%.

O’Reilly’s net income increased 15% to $305 million, or 13.4% of sales, for Q1 2018 from $265 million, or 12.3% of sales, for Q1 2017. The Company’s diluted earnings per common share for the reported quarter surged 28% to $3.61 on 85 million shares versus $2.83 on 93 million shares for the prior year’s same quarter. O’Reilly’s earnings beat Wall Street’s estimates of $3.59 per share.

Cash Matters

O’Reilly’s free cash flow was $311 million for Q1 2018, which was a $68 million increase from the prior year, driven by higher income and a smaller increase in the Company’s net inventory investment than in the prior year. O’Reilly’s inventory per store at the end of the reported quarter was $599,000, which was flat from the end of FY17.

During Q1 2018, O’Reilly repurchased 2.2 million shares of its common stock, at an average price per share of $251.08, for a total investment of $549 million. Subsequent to the end of the reported quarter and through the date of the earnings announcement, the Company repurchased an additional 0.4 million shares of its common stock, at an average price per share of $235.25, for a total investment of $87 million. O’Reilly has repurchased a total of 68.8 million shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $140.55, for a total aggregate investment of $9.67 billion. As of the date of this release, the Company had approximately $1.08 billion remaining under its current share repurchase authorizations.

Outlook

For Q2 2018, O’Reilly is forecasting earnings guidance at $3.95 to $4.05 per share. For full year 2018, the Company is expecting earnings in the band of $15.30 to $15.40, reflecting an increase of $0.20 at the midpoint.

Stock Performance Snapshot

May 10, 2018 – At Thursday’s closing bell, O’Reilly Automotive’s stock slightly fell 0.08%, ending the trading session at $265.20.

Volume traded for the day: 507.07 thousand shares.

Stock performance in the last month – up 13.92%; previous three-month period – up 5.15%; past twelve-month period – up 2.99%; and year-to-date – up 10.25%

After yesterday’s close, O’Reilly Automotive’s market cap was at $22.09 billion.

Price to Earnings (P/E) ratio was at 20.64.

The stock is part of the Services sector, categorized under the Auto Parts Stores industry. This sector was up 0.5% at the end of the session.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the ”Author”) and is fact checked and reviewed by a third-party research service company (the ”Reviewer”) represented by a credentialed financial analyst. For further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the ”Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 499330