Lowe's Companies, Inc. (LOW) Releases FY15 Earnings Guidance
Lowe's Companies, Inc. (NYSE:LOW) updated its FY15 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.63 for the period, compared to the Thomson Reuters consensus estimate of $2.64, AnalystRatings.NET reports. The company issued revenue guidance of +4.5% YoY to ~$55.8 billion, compared to the consensus revenue estimate of $55.84 billion.
Shares of Lowe's Companies, Inc. (NYSE:LOW) opened at 51.52 on Wednesday. Lowe's Companies, Inc. has a 52 week low of $43.52 and a 52 week high of $52.08. The stock has a 50-day moving average of $48.34 and a 200-day moving average of $47.56. The company has a market cap of $51.382 billion and a price-to-earnings ratio of 22.32. Lowe's Companies also was the recipient of some unusual options trading on Monday. Stock investors bought 11,401 call options on the company. This is an increase of approximately 256% compared to the average daily volume of 3,202 call options.
Lowe's Companies (NYSE:LOW) last released its earnings data on Wednesday, August 20th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.02. The company had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $16.55 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Lowe's Companies, Inc. will post $2.61 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Bank of America reiterated a buy rating on shares of Lowe's Companies in a research note on Wednesday. On a related note, analysts at Morgan Stanley initiated coverage on shares of Lowe's Companies in a research note on Tuesday, June 24th. They set an equal weight rating and a $50.00 price target on the stock. Finally, analysts at Canaccord Genuity downgraded shares of Lowe's Companies from a hold rating to a sell rating in a research note on Wednesday, May 28th. They now have a $37.00 price target on the stock, down previously from $47.00. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Lowe's Companies currently has an average rating of Buy and a consensus price target of $51.00.
Lowe’s Companies, Inc (NYSE:LOW) is a home improvement retailer.
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