Wall Street analysts expect LKQ Co. (NASDAQ: LKQ) to report earnings per share (EPS) of $ 0.77 for the current quarter, Zacks Investment Research reports. Seven analysts provided earnings estimates for LKQ, with the highest EPS estimate being $ 0.81 and the lowest estimate being $ 0.73. LKQ posted earnings per share of $ 0.69 in the same quarter last year, indicating a positive year-over-year growth rate of 11.6%. The company is expected to release its next quarterly results on Thursday, February 17.
On average, analysts predict that LKQ will report annual earnings of $ 3.87 per share for the current fiscal year, with EPS estimates ranging from $ 3.82 to $ 3.90. For the next fiscal year, analysts predict the company will report earnings of $ 4.00 per share, with EPS estimates ranging from $ 3.75 to $ 4.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who follow LKQ.
LKQ (NASDAQ: LKQ) last reported its results on Wednesday, October 27. The auto parts company reported earnings per share (EPS) of $ 1.02 for the quarter, beating the consensus estimate of $ 0.86 by $ 0.16. The company posted revenue of $ 3.30 billion for the quarter, compared to $ 3.27 billion expected by analysts. LKQ had a return on equity of 19.50% and a net margin of 8.06%. The company’s revenue for the quarter increased 8.3% year-over-year. In the same quarter of last year, the company achieved EPS of $ 0.75.
LKQ has been the subject of a number of recent research reports. Raymond James raised his price target on LKQ from $ 60.00 to $ 62.00 and gave the company an “outperforming” rating in a research note on Friday, October 29. Barrington Research raised its price target on LKQ to $ 70.00 and gave the company an “outperforming” rating in a Friday October 29th research note. Finally, Zacks Investment Research downgraded LKQ from a “buy” rating to a “keep” rating and set a price target of $ 59.00 for the company. in a research note on Tuesday, October 26. One investment analyst rated the stock with a conservation rating and five gave the company’s stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $ 62.83.
A number of hedge funds have recently bought and sold stocks. Comerica Bank increased its stake in LKQ by 187.5% in the 3rd quarter. Comerica Bank now owns 143,684 shares of the auto parts company valued at $ 8,096,000 after purchasing an additional 93,701 shares in the last quarter. Bank of New York Mellon Corp increased its stake in LKQ by 19.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,523,766 shares of the auto parts company valued at $ 126,996,000 after purchasing an additional 415,591 shares in the last quarter. National Pension Service increased its stake in LKQ by 18,154.4% in the 3rd quarter. The National Pension Service now owns 91,637 shares of the auto parts company valued at $ 4,611,000 after purchasing 91,135 additional shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in LKQ from 6.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 200,174 shares of the auto parts company valued at $ 10,073,000 after purchasing an additional 12,500 shares in the last quarter. Finally, Studio Investment Management LLC purchased a new position in LKQ in the third quarter valued at approximately $ 482,000. Institutional investors own 93.99% of the company’s shares.
LKQ shares opened at $ 57.97 on Monday. LKQ has a 12-month low of $ 34.11 and a 12-month high of $ 60.05. The stock has a fifty-day moving average price of $ 56.29 and a 200-day moving average price of $ 52.52. The company has a current ratio of 1.83, a quick ratio of 0.79 and a debt ratio of 0.40. The company has a market cap of $ 16.90 billion, a PE ratio of 16.85 and a beta of 1.61.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 2. Shareholders of record on Thursday, November 11, received a dividend of $ 0.25 per share. This represents a dividend of $ 1.00 on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, November 9. LKQ’s dividend payout ratio (DPR) is currently 29.07%.
LKQ Company Profile
LKQ Corp. is a distributor of automotive products and their parts to repair, maintain and accessorize automobiles. It operates through the following segments: Wholesale-North America, Europe and Specialty. The North America Wholesaler segment includes the Glass and Self-Serve segments. The company was founded by Donald F.
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