$3.42 Billion in Sales Expected for LKQ Co. (NASDAQ:LKQ) This Quarter

Brokerages expect LKQ Co. (NASDAQ:LKQGet Rating) to announce $3.42 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for LKQ’s earnings, with the highest sales estimate coming in at $3.63 billion and the lowest estimate coming in at $3.27 billion. LKQ reported sales of $3.44 billion in the same quarter last year, which indicates a negative year over year growth rate of 0.6%. The company is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that LKQ will report full year sales of $13.38 billion for the current financial year, with estimates ranging from $12.95 billion to $13.75 billion. For the next year, analysts forecast that the business will report sales of $13.71 billion, with estimates ranging from $13.33 billion to $14.37 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow LKQ.

LKQ (NASDAQ:LKQGet Rating) last issued its earnings results on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.09. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The firm had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year.

A number of analysts have weighed in on the company. Raymond James reduced their price target on LKQ from $62.00 to $59.00 in a research report on Monday, April 11th. Barrington Research raised LKQ from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 28th. Finally, StockNews.com raised LKQ from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 2nd. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $62.20.

Shares of NASDAQ:LKQ opened at $50.87 on Friday. LKQ has a fifty-two week low of $42.36 and a fifty-two week high of $60.43. The business has a 50-day moving average of $47.02 and a two-hundred day moving average of $52.92. The stock has a market capitalization of $14.50 billion, a P/E ratio of 13.64 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 0.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Thursday, May 19th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. LKQ’s dividend payout ratio is presently 26.81%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobi Capital Management LLC raised its holdings in LKQ by 3.8% in the 1st quarter. Jacobi Capital Management LLC now owns 17,843 shares of the auto parts company’s stock valued at $810,000 after acquiring an additional 660 shares in the last quarter. BDO Wealth Advisors LLC raised its holdings in LKQ by 12.7% in the 1st quarter. BDO Wealth Advisors LLC now owns 44,646 shares of the auto parts company’s stock valued at $2,027,000 after acquiring an additional 5,033 shares in the last quarter. AIA Group Ltd raised its holdings in LKQ by 36.0% in the 1st quarter. AIA Group Ltd now owns 2,802 shares of the auto parts company’s stock valued at $127,000 after acquiring an additional 742 shares in the last quarter. CIBC Asset Management Inc raised its holdings in LKQ by 1.0% in the 1st quarter. CIBC Asset Management Inc now owns 26,126 shares of the auto parts company’s stock valued at $1,186,000 after acquiring an additional 259 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in LKQ by 14.3% in the 1st quarter. IFM Investors Pty Ltd now owns 45,314 shares of the auto parts company’s stock valued at $2,058,000 after acquiring an additional 5,652 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

LKQ Company Profile (Get Rating)

LKQ Corporation distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates through three segments: North America, Europe, and Specialty. 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.

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