Zacks: Analysts Expect LKQ Co. (LKQ) to Post $0.65 EPS

Equities research analysts forecast that LKQ Co. (NASDAQ:LKQ) will report $0.65 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for LKQ’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.63. LKQ posted earnings per share of $0.61 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.6%. The business is expected to announce its next earnings report on Thursday, July 25th.

According to Zacks, analysts expect that LKQ will report full-year earnings of $2.39 per share for the current year, with EPS estimates ranging from $2.35 to $2.42. For the next year, analysts expect that the company 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 an average based on a survey of research firms that that provide coverage for LKQ.

LKQ (NASDAQ:LKQ) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $0.56 earnings per share 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 return on equity of 14.39% and a net margin of 3.47%. LKQ’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS.

A number of equities analysts recently weighed in on the company. TheStreet cut LKQ from a “b-” rating to a “c+” rating in a report on Friday, May 10th. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a report on Tuesday, April 2nd. ValuEngine raised LKQ from a “sell” rating to a “hold” rating in a report on Friday, April 26th. Finally, BidaskClub raised LKQ from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $37.20.

NASDAQ LKQ traded up $0.32 during trading hours on Thursday, reaching $27.19. The company’s stock had a trading volume of 56,050 shares, compared to its average volume of 2,882,609. The stock has a market capitalization of $8.51 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.87 and a beta of 1.29. LKQ has a 1-year low of $22.74 and a 1-year high of $36.10. The company has a current ratio of 2.36, a quick ratio of 0.99 and a debt-to-equity ratio of 0.84.

In related news, Director Robert M. Hanser sold 1,131 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was 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 of the company’s stock, valued at $388,869.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John S. Quinn sold 6,861 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $27.63, for a total value of $189,569.43. Following the completion of the sale, the executive vice president now directly owns 241,563 shares of the company’s stock, valued at approximately $6,674,385.69. The disclosure for this sale can be found here. 0.71% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in LKQ by 11.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,987 shares of the auto parts company’s stock worth $949,000 after acquiring an additional 4,128 shares during the period. Lunia Capital LP grew its position in LKQ by 2,163.3% in the fourth quarter. Lunia Capital LP now owns 16,297,811 shares of the auto parts company’s stock worth $16,298,000 after acquiring an additional 15,577,728 shares during the period. Courant Investment Management LLC grew its position in LKQ by 8.9% in the fourth quarter. Courant Investment Management LLC now owns 329,559 shares of the auto parts company’s stock worth $7,820,000 after acquiring an additional 27,000 shares during the period. Creative Planning purchased a new position in LKQ in the first quarter worth approximately $260,000. Finally, Bank of America Corp DE grew its position in LKQ by 34.0% in the fourth quarter. Bank of America Corp DE now owns 975,422 shares of the auto parts company’s stock worth $23,147,000 after acquiring an additional 247,407 shares during the period. 90.70% of the stock is owned by hedge funds and other institutional investors.

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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