LKQ Corporation (LKQ) To Go Ex-Dividend on November 19th

LKQ Corporation (NASDAQ:LKQ) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Thursday, November 19th will be paid a dividend of $0.30 per share by the auto parts company on Thursday, December 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Thursday, November 19th.

LKQ has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect LKQ to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 41.0%.

LKQ Stock Performance

LKQ stock traded up $0.91 during mid-day trading on Thursday, hitting $18.10. 8,389,137 shares of the company’s stock traded hands, compared to its average volume of 3,217,104. The company has a quick ratio of 0.61, a current ratio of 1.58 and a debt-to-equity ratio of 0.52. LKQ has a one year low of $16.85 and a one year high of $37.13. The firm has a 50 day moving average price of $23.07 and a 200 day moving average price of $27.37. The company has a market cap of $4.58 billion, a PE ratio of 10.06 and a beta of 0.87.

LKQ (NASDAQ:LKQ) last released its earnings results on Thursday, October 29th. The auto parts company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.11). LKQ had a net margin of 3.37% and a return on equity of 10.84%. The company had revenue of $3.32 billion for the quarter, compared to analyst estimates of $3.36 billion. During the same period in the previous year, the business posted $0.84 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast that LKQ will post 2.58 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on LKQ shares. JPMorgan Chase & Co. dropped their price objective on LKQ from $30.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Roth Capital lowered LKQ from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $18.00 in a report on Monday. Zacks Research cut shares of LKQ from a “hold” rating to a “strong sell” rating in a research report on Monday, August 3rd. Raymond James Financial set a $30.00 price target on shares of LKQ in a report on Friday, July 31st. Finally, Barclays upgraded shares of LKQ from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Monday. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $27.07.

About LKQ

LKQ Corporation is a global distributor of automotive parts and accessories. The company supplies replacement parts, components and equipment to professional repair shops, collision-repair businesses, insurers, dealerships and other commercial customers. Its product offerings include recycled original-equipment parts, aftermarket parts, specialty vehicle products, tools and equipment.

LKQ’s operations include the procurement, dismantling and distribution of salvaged vehicles, allowing it to provide recycled engines, transmissions, body panels and other components.