LKQ Corp (LKQ) Releases FY13 Earnings Guidance
LKQ Corp (NYSE:LKQ) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of $1.03-1.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.08, AnalystRatings.NET reports.
A number of research firms have recently commented on LKQ. Analysts at FBR Capital Markets initiated coverage on shares of LKQ Corp in a research note to investors on Friday, January 10th. They set an outperform rating and a $40.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of LKQ Corp from an outperform rating to a neutral rating in a research note to investors on Wednesday, November 6th. They now have a $36.20 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of LKQ Corp from $27.00 to $30.00 in a research note to investors on Monday, November 4th. They now have a hold rating on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. LKQ Corp has a consensus rating of Hold and an average price target of $33.81.
Shares of LKQ Corp (NYSE:LKQ) opened at 29.46 on Thursday. LKQ Corp has a 52 week low of $20.09 and a 52 week high of $34.32. The stock’s 50-day moving average is $32.71 and its 200-day moving average is $30.84. The company has a market cap of $8.856 billion and a price-to-earnings ratio of 30.06.
LKQ Corp (NYSE:LKQ) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 27.6% on a year-over-year basis. Analysts expect that LKQ Corp will post $1.08 EPS for the current fiscal year.
In other LKQ Corp news, VP Victor Casini sold 58,613 shares of the stock on the open market in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $32.41, for a total transaction of $1,899,647.33. Following the sale, the vice president now directly owns 266,087 shares in the company, valued at approximately $8,623,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
LKQ Corporation (NYSE:LKQ) provides replacement parts, components and systems needed to repair vehicles (cars and trucks).
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