Earnings results for LKQ (NASDAQ:LKQ)
LKQ Corporation is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.63. The reported EPS for the same quarter last year was $0.57.
LKQ last released its earnings data on February 17th, 2021. The auto parts company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.59 by $0.10. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.88 billion. LKQ has generated $2.37 earnings per share over the last year and currently has a price-to-earnings ratio of 23.2. LKQ has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.
Analyst Opinion on LKQ (NASDAQ:LKQ)
7 Wall Street analysts have issued ratings and price targets for LKQ in the last 12 months. Their average twelve-month price target is $41.17, predicting that the stock has a possible downside of 9.56%. The high price target for LKQ is $50.00 and the low price target for LKQ is $32.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”
LKQ has received a consensus rating of Buy. The company’s average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $41.17, LKQ has a forecasted downside of 9.6% from its current price of $45.52. LKQ has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: LKQ (NASDAQ:LKQ)
LKQ does not currently pay a dividend. LKQ does not have a long track record of dividend growth.
Insiders buying/selling: LKQ (NASDAQ:LKQ)
In the past three months, LKQ insiders have not sold or bought any company stock. Only 0.71% of the stock of LKQ is held by insiders. 90.91% of the stock of LKQ is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of LKQ (NASDAQ:LKQ
Earnings for LKQ are expected to grow by 12.35% in the coming year, from $2.43 to $2.73 per share. The P/E ratio of LKQ is 23.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.89. The P/E ratio of LKQ is 23.22, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 71.46. LKQ has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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