Lowe's Companies (LOW) Set to Announce Earnings on Wednesday
Lowe's Companies (NYSE:LOW) is scheduled to be posting its Q114 quarterly earnings results on Wednesday, May 21st. Analysts expect Lowe's Companies to post earnings of $0.60 per share and revenue of $13.86 billion for the quarter. Lowe's Companies has set its FY15 guidance at $2.60 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.31 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.31. The company had revenue of $11.70 billion for the quarter, compared to the consensus estimate of $11.69 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts expect Lowe's Companies to post $2.62 EPS for the current fiscal year and $3.15 EPS for the next fiscal year.
Lowe's Companies (NYSE:LOW) opened at 45.55 on Tuesday. Lowe's Companies has a one year low of $38.87 and a one year high of $52.08. The stock’s 50-day moving average is $46.6 and its 200-day moving average is $47.92. The company has a market cap of $46.405 billion and a P/E ratio of 21.20. Lowe's Companies also was the recipient of some unusual options trading on Monday. Investors bought 3,986 put options on the company. This is an increase of approximately 124% compared to the average daily volume of 1,777 put options.
LOW has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Lowe's Companies in a research note on Wednesday, May 14th. They now have a $45.00 price target on the stock, up previously from $44.00. On a related note, analysts at Wall Street Renegade upgraded shares of Lowe's Companies from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. They now have a $60.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Lowe's Companies in a research note on Friday, March 14th. They now have a $51.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $50.53.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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