LKQ Co. (NASDAQ:LKQ) Declares $0.30 Quarterly Dividend

LKQ Co. (NASDAQ:LKQ) declared a quarterly dividend on Tuesday, October 22nd,Zacks Dividends reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.30 per share by the auto parts company on Wednesday, November 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, November 14th.

LKQ has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect LKQ to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 32.3%.

LKQ Stock Down 2.5 %

LKQ stock opened at $38.39 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.72 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $39.07 and a 200 day moving average of $41.09. LKQ has a twelve month low of $35.57 and a twelve month high of $53.68. The firm has a market cap of $9.98 billion, a PE ratio of 14.32 and a beta of 1.29.

LKQ (NASDAQ:LKQ) last issued its quarterly earnings results on Thursday, October 24th. The auto parts company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.65 billion. LKQ had a return on equity of 15.15% and a net margin of 4.90%. The company’s revenue was up .4% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. On average, research analysts forecast that LKQ will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LKQ has been the topic of several recent analyst reports. Robert W. Baird cut their target price on LKQ from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. increased 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. Stifel Nicolaus decreased their target price on LKQ from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barrington Research reaffirmed an “outperform” rating and set a $60.00 price target on shares of LKQ in a report on Friday, October 25th. Finally, StockNews.com lowered shares of LKQ from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.80.

LKQ Company Profile

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.