Zacks: Analysts Anticipate LKQ Co. (LKQ) Will Post Earnings of $0.52 Per Share

Zacks: Analysts Anticipate LKQ Co. (LKQ) Will Post Earnings of $0.52 Per Share

Analysts expect that LKQ Co. (NASDAQ:LKQ) will post $0.52 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for LKQ’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.50. LKQ reported earnings per share of $0.55 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.5%. The firm is scheduled to report its next quarterly earnings results on Thursday, July 27th.

On average, analysts expect that LKQ will report full-year earnings of $1.87 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.90. For the next financial year, analysts expect that the company will post earnings of $2.09 per share, with EPS estimates ranging from $2.01 to $2.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for LKQ.

LKQ (NASDAQ:LKQ) last posted its quarterly earnings results on Thursday, April 27th. The auto parts company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.31 billion. LKQ had a return on equity of 16.41% and a net margin of 5.48%. The business’s quarterly revenue was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 EPS.

A number of analysts recently commented on LKQ shares. JPMorgan Chase & Co. started coverage on LKQ in a research report on Tuesday, February 21st. They set an “overweight” rating and a $41.00 price target for the company. Zacks Investment Research raised LKQ from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. William Blair reaffirmed an “outperform” rating on shares of LKQ in a research report on Monday, February 27th. FBR & Co reaffirmed an “outperform” rating and set a $41.00 price target (up from $40.00) on shares of LKQ in a research report on Friday, April 28th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $37.00 target price on shares of LKQ in a research report on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.25.

LKQ (NASDAQ:LKQ) traded up 1.51% on Wednesday, hitting $31.52. The company’s stock had a trading volume of 1,823,644 shares. The stock has a market cap of $9.72 billion, a PE ratio of 20.06 and a beta of 0.51. LKQ has a 12 month low of $27.85 and a 12 month high of $36.35. The firm has a 50 day moving average of $29.47 and a 200-day moving average of $31.31.

In other news, Director Robert M. Hanser sold 1,024 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $31.49, for a total value of $32,245.76. Following the completion of the transaction, the director now directly owns 3,552 shares of the company’s stock, valued at $111,852.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sukhpal S. Ahluwalia purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was bought at an average cost of $31.46 per share, with a total value of $47,190.00. The disclosure for this purchase can be found here. Insiders sold 39,546 shares of company stock valued at $1,206,038 over the last three months. Company insiders own 1.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Tygh Capital Management Inc. raised its position in LKQ by 0.3% in the third quarter. Tygh Capital Management Inc. now owns 247,695 shares of the auto parts company’s stock worth $8,783,000 after buying an additional 688 shares during the last quarter. Three Peaks Capital Management LLC raised its position in LKQ by 5.6% in the third quarter. Three Peaks Capital Management LLC now owns 233,805 shares of the auto parts company’s stock worth $8,291,000 after buying an additional 12,462 shares during the last quarter. Capital Management Associates NY raised its position in LKQ by 48.0% in the third quarter. Capital Management Associates NY now owns 23,125 shares of the auto parts company’s stock worth $820,000 after buying an additional 7,500 shares during the last quarter. Nordea Investment Management AB raised its position in LKQ by 1.7% in the third quarter. Nordea Investment Management AB now owns 314,916 shares of the auto parts company’s stock worth $11,167,000 after buying an additional 5,207 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in LKQ by 108.5% in the third quarter. Quantbot Technologies LP now owns 26,737 shares of the auto parts company’s stock worth $948,000 after buying an additional 13,915 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

LKQ Company Profile

LKQ Corporation (LKQ) is a distributor of vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company’s segments include Wholesale-North America; Europe; Specialty, and Self Service.

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