Wall Street brokerages forecast that LKQ Co. (NASDAQ:LKQ) will post earnings of $0.65 per share for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for LKQ’s earnings, with estimates ranging from $0.63 to $0.68. LKQ posted earnings per share of $0.61 in the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The firm is scheduled to issue its next earnings results on Thursday, July 25th.
According to Zacks, analysts expect that LKQ will report full-year earnings of $2.38 per share for the current fiscal year, with EPS estimates ranging from $2.35 to $2.42. For the next year, analysts anticipate that the business will post earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for LKQ.
LKQ (NASDAQ:LKQ) last posted its earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.56. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a net margin of 3.47% and a return on equity of 14.39%. LKQ’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS.
A number of research firms have recently issued reports on LKQ. Zacks Investment Research cut shares of LKQ from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. TheStreet upgraded shares of LKQ from a “c” rating to a “b-” rating in a research note on Thursday, April 25th. BidaskClub upgraded shares of LKQ from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. Raymond James set a $33.00 target price on shares of LKQ and gave the stock a “buy” rating in a research note on Friday, April 26th. Finally, Barrington Research restated a “buy” rating on shares of LKQ in a research note on Tuesday, March 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $36.50.
In other LKQ news, Director Robert M. Hanser sold 1,131 shares of LKQ stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $27.93, for a total value of $31,588.83. Following the completion of the sale, the director now owns 13,923 shares in the company, valued at approximately $388,869.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Altfest L J & Co. Inc. acquired a new stake in LKQ in the 1st quarter worth about $424,000. International Value Advisers LLC acquired a new stake in LKQ in the 1st quarter worth about $93,177,000. Princeton Global Asset Management LLC acquired a new stake in LKQ in the 1st quarter worth about $65,000. Allstate Corp acquired a new stake in LKQ in the 1st quarter worth about $294,000. Finally, Advisory Services Network LLC raised its stake in LKQ by 17.2% in the 1st quarter. Advisory Services Network LLC now owns 25,702 shares of the auto parts company’s stock worth $730,000 after purchasing an additional 3,773 shares in the last quarter. Institutional investors and hedge funds own 89.77% of the company’s stock.
Shares of NASDAQ LKQ traded down $0.13 during mid-day trading on Friday, reaching $26.24. 1,095,651 shares of the company were exchanged, compared to its average volume of 2,457,146. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.99 and a current ratio of 2.36. The stock has a market cap of $8.24 billion, a PE ratio of 11.98, a P/E/G ratio of 0.85 and a beta of 1.36. LKQ has a twelve month low of $22.74 and a twelve month high of $36.10.
LKQ Company Profile
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.