Posted by admin on May 10th, 2022
LKQ (NASDAQ:LKQ – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $3.80-$4.10 for the period, compared to the consensus earnings per share estimate of $3.92. The company issued revenue guidance of -.
A number of brokerages have recently commented on LKQ. StockNews.com raised LKQ from a buy rating to a strong-buy rating in a research report on Monday, May 2nd. Raymond James reduced their target price on LKQ from $62.00 to $59.00 in a report on Monday, April 11th. Finally, Barrington Research upgraded LKQ from a market perform rating to an outperform rating in a report on Thursday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, LKQ has a consensus rating of Buy and an average target price of $62.20.
Shares of LKQ traded up $0.19 during midday trading on Tuesday, reaching $50.25. 4,870 shares of the company were exchanged, compared to its average volume of 1,861,076. The stock has a 50-day moving average price of $47.10 and a 200-day moving average price of $52.83. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 13.42 and a beta of 1.46. LKQ has a 1-year low of $42.36 and a 1-year high of $60.43. The company has a current ratio of 1.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.46.
LKQ (NASDAQ:LKQ – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The auto parts company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.09. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.29 billion. LKQ had a return on equity of 20.19% and a net margin of 8.28%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Equities research analysts anticipate that LKQ will post 3.96 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Thursday, May 19th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Wednesday, May 18th. LKQ’s dividend payout ratio is presently 26.81%.
Several large investors have recently added to or reduced their stakes in the stock. Forum Financial Management LP acquired a new position in shares of LKQ in the fourth quarter worth about $415,000. Comerica Bank lifted its stake in shares of LKQ by 2.0% in the fourth quarter. Comerica Bank now owns 146,602 shares of the auto parts company’s stock worth $8,009,000 after acquiring an additional 2,918 shares in the last quarter. KB Financial Partners LLC acquired a new position in shares of LKQ in the fourth quarter worth about $48,000. NewEdge Advisors LLC acquired a new position in shares of LKQ in the fourth quarter worth about $270,000. Finally, Allianz Asset Management GmbH lifted its stake in shares of LKQ by 86.8% in the fourth quarter. Allianz Asset Management GmbH now owns 16,985 shares of the auto parts company’s stock worth $1,020,000 after acquiring an additional 7,891 shares in the last quarter. Institutional investors and hedge funds own 94.02% of the company’s stock.
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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