Analysts Anticipate LKQ Co. (NASDAQ:LKQ) to Post $0.58 Earnings Per Share

Brokerages forecast that LKQ Co. (NASDAQ:LKQ) will report $0.58 earnings per share (EPS) for the current quarter, according to Zacks. Eight analysts have made estimates for LKQ’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.61. LKQ posted earnings per share of $0.56 during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings report on Thursday, October 24th.

According to Zacks, analysts expect that LKQ will report full year earnings of $2.33 per share for the current fiscal year, with EPS estimates ranging from $2.30 to $2.38. For the next year, analysts expect that the business will report earnings of $2.57 per share, with EPS estimates ranging from $2.45 to $2.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow LKQ.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.28 billion. LKQ had a net margin of 3.36% and a return on equity of 14.54%. LKQ’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS.

LKQ has been the topic of several research analyst reports. Raymond James lowered shares of LKQ from an “outperform” rating to a “market perform” rating in a research report on Friday, July 26th. BidaskClub lowered shares of LKQ from a “hold” rating to a “sell” rating in a research report on Tuesday. TheStreet lowered shares of LKQ from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a research report on Friday, July 26th. Finally, Barrington Research set a $43.00 target price on shares of LKQ and gave the stock a “buy” rating in a research report on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.50.

Shares of NASDAQ LKQ traded down $0.16 during trading on Thursday, hitting $24.59. 2,524,276 shares of the company were exchanged, compared to its average volume of 2,798,091. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.82 and a beta of 1.33. LKQ has a 1 year low of $22.74 and a 1 year high of $34.74. The firm’s fifty day moving average price is $26.18 and its 200 day moving average price is $27.40. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.20 and a quick ratio of 0.94.

In other LKQ news, EVP John S. Quinn sold 10,721 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.04, for a total transaction of $289,895.84. Following the sale, the executive vice president now directly owns 254,674 shares in the company, valued at approximately $6,886,384.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.71% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Oakworth Capital Inc. purchased a new stake in shares of LKQ in the 2nd quarter worth about $26,000. Icon Wealth Partners LLC purchased a new position in LKQ in the 1st quarter valued at about $31,000. Investors Research Corp purchased a new position in LKQ in the 1st quarter valued at about $34,000. Optimum Investment Advisors lifted its holdings in LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 950 shares in the last quarter. Finally, Amica Retiree Medical Trust purchased a new position in LKQ in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 90.72% of the company’s stock.

About LKQ

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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