LKQ (LKQ) Set to Announce Earnings on Thursday

LKQ (NASDAQ:LKQ - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect LKQ to post earnings of $0.88 per share for the quarter. LKQ has set its FY24 guidance at $3.50-$3.70 EPS and its FY 2024 guidance at 3.500-3.700 EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

LKQ (NASDAQ:LKQ - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.05). LKQ had a return on equity of 15.33% and a net margin of 5.03%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts expect LKQ to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

LKQ Price Performance

Shares of LKQ stock traded down $0.01 during mid-day trading on Thursday, reaching $39.39. The company's stock had a trading volume of 3,610,678 shares, compared to its average volume of 1,870,269. The firm's 50-day moving average is $40.17 and its two-hundred day moving average is $42.59. The company has a market cap of $10.51 billion, a P/E ratio of 12.81 and a beta of 1.28. LKQ has a 1-year low of $35.57 and a 1-year high of $53.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.70 and a current ratio of 1.75.

LKQ Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th were issued a $0.30 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.05%. LKQ's payout ratio is presently 38.96%.

Insiders Place Their Bets

In related news, CEO Justin L. Jude bought 2,500 shares of the business's stock in a transaction on Friday, July 26th. The shares were purchased at an average price of $39.91 per share, with a total value of $99,775.00. Following the completion of the purchase, the chief executive officer now owns 207,515 shares of the company's stock, valued at $8,281,923.65. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Justin L. Jude bought 2,500 shares of the business's stock in a transaction on Friday, July 26th. The shares were bought at an average cost of $39.91 per share, for a total transaction of $99,775.00. Following the completion of the acquisition, the chief executive officer now owns 207,515 shares in the company, valued at approximately $8,281,923.65. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew C. Clarke acquired 7,600 shares of the stock in a transaction dated Friday, July 26th. The stock was acquired at an average price of $39.70 per share, for a total transaction of $301,720.00. Following the completion of the acquisition, the director now directly owns 10,519 shares of the company's stock, valued at $417,604.30. The trade was a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 12,600 shares of company stock valued at $500,870. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on LKQ. Robert W. Baird dropped their target price on shares of LKQ from $54.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, July 26th. StockNews.com lowered shares of LKQ from a "buy" rating to a "hold" rating in a report on Tuesday, September 17th. Barrington Research reissued an "outperform" rating and issued a $60.00 target price on shares of LKQ in a report on Wednesday, September 18th. Roth Mkm reaffirmed a "buy" rating and set a $59.00 price target on shares of LKQ in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their price objective on LKQ from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, LKQ has a consensus rating of "Moderate Buy" and an average price target of $58.00.

About LKQ

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; 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.