LKQ Co. (NASDAQ:LKQ) Expected to Announce Quarterly Sales of $3.28 Billion

Brokerages expect that LKQ Co. (NASDAQ:LKQ – Get Rating) will announce sales of $3.28 billion for the current quarter, Zacks reports. Six analysts have issued estimates for LKQ’s earnings, with estimates ranging from $3.24 billion to $3.39 billion. LKQ posted sales of $3.17 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.5%. The company is scheduled to report its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that LKQ will report full year sales of $13.37 billion for the current financial year, with estimates ranging from $13.09 billion to $13.48 billion. For the next fiscal year, analysts expect that the business will report sales of $13.75 billion, with estimates ranging from $13.45 billion to $13.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow LKQ.

LKQ (NASDAQ:LKQ – Get Rating) last released its earnings results on Thursday, February 17th. The auto parts company reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.10. The firm had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.08 billion. LKQ had a return on equity of 20.13% and a net margin of 8.33%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Several equities research analysts have weighed in on the company. Raymond James lowered their target price on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. StockNews.com lowered LKQ from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 13th. Finally, Barrington Research lowered LKQ from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $62.20.

LKQ traded up $2.01 during trading hours on Friday, reaching $49.80. 80,259 shares of the company’s stock traded hands, compared to its average volume of 1,862,523. The firm has a 50-day moving average price of $47.13 and a 200 day moving average price of $53.18. LKQ has a 52-week low of $42.36 and a 52-week high of $60.43. The company has a quick ratio of 0.76, a current ratio of 1.96 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $14.19 billion, a PE ratio of 13.57 and a beta of 1.64.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Thursday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, March 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.01%. LKQ’s payout ratio is 27.32%.

Several institutional investors and hedge funds have recently modified their holdings of LKQ. Allspring Global Investments Holdings LLC purchased a new position in LKQ during the fourth quarter worth approximately $371,441,000. Norges Bank purchased a new position in LKQ during the fourth quarter worth approximately $328,484,000. Nordea Investment Management AB boosted its position in LKQ by 57.1% during the third quarter. Nordea Investment Management AB now owns 9,995,145 shares of the auto parts company’s stock worth $511,850,000 after purchasing an additional 3,633,422 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in LKQ by 241.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,352,601 shares of the auto parts company’s stock worth $201,256,000 after purchasing an additional 2,370,129 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in LKQ by 13.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,911,710 shares of the auto parts company’s stock worth $649,717,000 after purchasing an additional 1,516,195 shares in the last quarter. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About LKQ (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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