Equities research analysts predict that LKQ Co. (NASDAQ:LKQ) will report earnings per share of $0.58 for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for LKQ’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.55. LKQ posted earnings per share of $0.53 in the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is expected to announce its next quarterly earnings report on Thursday, July 26th.
According to Zacks, analysts expect that LKQ will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.35. For the next year, analysts expect that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.47 to $2.75. 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 results on Thursday, April 26th. The auto parts company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.04). LKQ had a return on equity of 14.52% and a net margin of 5.44%. The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.49 earnings per share. LKQ’s revenue for the quarter was up 16.1% on a year-over-year basis.
Several equities analysts have recently issued reports on LKQ shares. Zacks Investment Research raised LKQ from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Wednesday, February 28th. BidaskClub cut LKQ from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Guggenheim started coverage on LKQ in a research note on Tuesday, April 17th. They set a “neutral” rating on the stock. ValuEngine cut LKQ from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Finally, Barrington Research set a $45.00 price target on LKQ and gave the company a “buy” rating in a research report on Friday, April 27th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. LKQ currently has an average rating of “Buy” and a consensus price target of $44.30.
Shares of LKQ traded up $0.10, hitting $31.79, during mid-day trading on Thursday, according to MarketBeat Ratings. 1,244,400 shares of the company’s stock traded hands, compared to its average volume of 2,173,872. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.11 and a current ratio of 2.74. LKQ has a 1 year low of $29.60 and a 1 year high of $43.86. The stock has a market capitalization of $9.94 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.94 and a beta of 0.99.
In related news, Director Guhan Subramanian bought 1,500 shares of the company’s stock in a transaction on Thursday, June 21st. The shares were acquired at an average cost of $32.31 per share, with a total value of $48,465.00. Following the completion of the acquisition, the director now owns 29,081 shares of the company’s stock, valued at approximately $939,607.11. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert M. Hanser sold 1,099 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $30.30, for a total value of $33,299.70. Following the completion of the sale, the director now directly owns 10,984 shares in the company, valued at $332,815.20. The disclosure for this sale can be found here. Insiders acquired 6,780 shares of company stock worth $221,747 over the last three months. Corporate insiders own 0.80% of the company’s stock.
Large investors have recently made changes to their positions in the company. Summit Trail Advisors LLC increased its position in LKQ by 5,171.5% during the first quarter. Summit Trail Advisors LLC now owns 99,895 shares of the auto parts company’s stock valued at $100,000 after acquiring an additional 98,000 shares during the last quarter. Captrust Financial Advisors purchased a new stake in LKQ during the fourth quarter valued at $108,000. IFP Advisors Inc increased its position in LKQ by 605.9% during the first quarter. IFP Advisors Inc now owns 3,614 shares of the auto parts company’s stock valued at $137,000 after acquiring an additional 3,102 shares during the last quarter. Tower Research Capital LLC TRC increased its position in LKQ by 1,773.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,572 shares of the auto parts company’s stock valued at $186,000 after acquiring an additional 4,328 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd increased its position in LKQ by 4,221.7% during the first quarter. Point72 Asia Hong Kong Ltd now owns 4,970 shares of the auto parts company’s stock valued at $189,000 after acquiring an additional 4,855 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles in North America, Europe, and Taiwan. It operates in three segments: North America, Europe, and Specialty. 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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