Zacks: Analysts Anticipate LKQ Co. (NASDAQ:LKQ) Will Announce Earnings of $0.65 Per Share

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.

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Earnings History and Estimates for LKQ (NASDAQ:LKQ)

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