$0.53 EPS Expected for LKQ Co. (NASDAQ:LKQ) This Quarter

Equities analysts forecast that LKQ Co. (NASDAQ:LKQ) will post $0.53 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for LKQ’s earnings, with estimates ranging from $0.49 to $0.56. LKQ posted earnings of $0.48 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.4%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 27th.

On average, analysts expect that LKQ will report full year earnings of $2.34 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.37. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.41 to $2.66. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover LKQ.

LKQ (NASDAQ:LKQ) last issued its earnings results on Thursday, October 31st. The auto parts company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.14 billion. LKQ had a return on equity of 14.79% and a net margin of 3.50%. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share.

A number of research analysts recently issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of LKQ from $37.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine lowered shares of LKQ from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Barrington Research reissued a “buy” rating and set a $42.50 price target on shares of LKQ in a research report on Monday, October 28th. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a research report on Thursday, July 25th. Finally, Zacks Investment Research lowered shares of LKQ from a “hold” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.44.

Shares of NASDAQ:LKQ traded down $0.06 during mid-day trading on Friday, reaching $35.15. The stock had a trading volume of 3,720,200 shares, compared to its average volume of 2,671,204. The firm has a 50 day simple moving average of $32.74 and a two-hundred day simple moving average of $28.51. LKQ has a twelve month low of $22.74 and a twelve month high of $36.21. The firm has a market cap of $10.89 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.32. The company has a current ratio of 2.18, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00.

In other LKQ news, SVP Scott A. Romberger sold 10,000 shares of LKQ stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $19.96, for a total value of $199,600.00. Also, Director Blythe J. Mcgarvie sold 13,692 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $35.62, for a total value of $487,709.04. Following the completion of the sale, the director now owns 20,993 shares in the company, valued at $747,770.66. The disclosure for this sale can be found here. Insiders own 0.71% of the company’s stock.

Several large investors have recently bought and sold shares of LKQ. Oakworth Capital Inc. bought a new stake in LKQ in the 2nd quarter valued at approximately $26,000. Optimum Investment Advisors grew its stake in shares of LKQ by 211.1% during the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 950 shares in the last quarter. Amica Retiree Medical Trust bought a new position in shares of LKQ during the 2nd quarter worth approximately $38,000. Investors Research Corp raised its holdings in shares of LKQ by 33.3% in the second quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock valued at $43,000 after purchasing an additional 400 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of LKQ by 522.3% in the second quarter. Bessemer Group Inc. now owns 1,817 shares of the auto parts company’s stock valued at $48,000 after purchasing an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 92.35% of the company’s stock.

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.

See Also: Is the QQQ ETF safe?

Get a free copy of the Zacks research report on LKQ (LKQ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LKQ (NASDAQ:LKQ)

Receive News & Ratings for LKQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LKQ and related companies with MarketBeat.com's FREE daily email newsletter.