Zacks: Analysts Expect LKQ Corporation (NASDAQ:LKQ) Will Announce Earnings of $0.44 Per Share
Analysts predict that LKQ Corporation (NASDAQ:LKQ) will post $0.44 earnings per share for the current quarter, according to Zacks. Eight analysts have provided estimates for LKQ Corporation’s earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.45. LKQ Corporation posted earnings per share of $0.45 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%. The firm is expected to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that LKQ Corporation will report full year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.83 to $1.90. For the next fiscal year, analysts expect that the firm will report earnings of $2.10 per share, with EPS estimates ranging from $2.06 to $2.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover LKQ Corporation.
LKQ Corporation (NASDAQ:LKQ) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. LKQ Corporation had a net margin of 5.31% and a return on equity of 15.74%. The business had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the prior year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis.
A number of analysts recently issued reports on LKQ shares. Stifel Nicolaus restated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research note on Thursday, July 6th. BidaskClub upgraded shares of LKQ Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $37.00 price target on shares of LKQ Corporation in a research note on Thursday, April 27th. Zacks Investment Research upgraded shares of LKQ Corporation from a “sell” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Northcoast Research lowered shares of LKQ Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. LKQ Corporation presently has an average rating of “Buy” and a consensus price target of $39.33.
In related news, VP Michael S. Clark sold 5,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $31.42, for a total value of $157,100.00. Following the completion of the sale, the vice president now owns 62,885 shares of the company’s stock, valued at $1,975,846.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John S. Quinn sold 8,230 shares of the company’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $33.15, for a total transaction of $272,824.50. Following the completion of the sale, the executive vice president now directly owns 254,726 shares of the company’s stock, valued at approximately $8,444,166.90. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,230 shares of company stock valued at $1,905,125. Corporate insiders own 1.10% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of LKQ Corporation by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 376,681 shares of the auto parts company’s stock valued at $11,545,000 after buying an additional 21,483 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of LKQ Corporation during the fourth quarter valued at approximately $684,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of LKQ Corporation during the fourth quarter valued at approximately $305,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of LKQ Corporation by 0.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 446,138 shares of the auto parts company’s stock valued at $13,058,000 after buying an additional 2,166 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE boosted its stake in shares of LKQ Corporation by 7.7% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 197,900 shares of the auto parts company’s stock valued at $5,793,000 after buying an additional 14,080 shares during the period. Hedge funds and other institutional investors own 91.81% of the company’s stock.
LKQ Corporation (NASDAQ:LKQ) opened at 34.16 on Monday. The stock has a 50 day moving average of $32.76 and a 200 day moving average of $31.28. LKQ Corporation has a one year low of $27.85 and a one year high of $36.35. The firm has a market cap of $10.55 billion, a PE ratio of 21.42 and a beta of 0.84.
About LKQ Corporation
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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