Wall Street analysts expect Lowe’s Companies, Inc. (NYSE:LOW) to post $1.62 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Lowe’s Companies’ earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.67. Lowe’s Companies reported earnings per share of $1.37 during the same quarter last year, which suggests a positive year over year growth rate of 18.2%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, August 23rd.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $4.63 per share for the current fiscal year, with EPS estimates ranging from $4.58 to $4.67. For the next financial year, analysts anticipate that the business will post earnings of $5.24 per share, with EPS estimates ranging from $5.12 to $5.42. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.03. The company had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS.

A number of analysts have recently weighed in on the stock. Goldman Sachs Group, Inc. (The) decreased their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Vetr downgraded shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target for the company. in a research report on Monday, May 8th. Stifel Nicolaus decreased their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Finally, Zacks Investment Research raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Tuesday, April 18th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have given a buy rating to the company. Lowe’s Companies presently has an average rating of “Hold” and a consensus target price of $85.39.

Shares of Lowe’s Companies (NYSE LOW) traded down 0.38% during mid-day trading on Tuesday, hitting $78.02. 957,239 shares of the stock traded hands. The stock has a market cap of $65.87 billion, a PE ratio of 24.47 and a beta of 1.08. The stock has a 50-day moving average of $77.18 and a 200 day moving average of $79.23. Lowe’s Companies has a one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also was the target of unusually large options trading activity on Monday. Stock traders acquired 6,466 put options on the company. This is an increase of approximately 538% compared to the typical volume of 1,014 put options.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 9th. Investors of record on Wednesday, July 26th will be paid a dividend of $0.41 per share. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, July 24th. Lowe’s Companies’s payout ratio is currently 51.57%.

In related news, insider Richard D. Maltsbarger sold 11,672 shares of Lowe’s Companies stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the sale, the insider now directly owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by insiders.

Several large investors have recently modified their holdings of LOW. First National Bank of Omaha boosted its stake in shares of Lowe’s Companies by 8.2% in the first quarter. First National Bank of Omaha now owns 5,936 shares of the home improvement retailer’s stock worth $488,000 after buying an additional 450 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Lowe’s Companies by 9.0% in the first quarter. Bank of Montreal Can now owns 4,344,516 shares of the home improvement retailer’s stock worth $357,163,000 after buying an additional 359,445 shares in the last quarter. National Pension Service boosted its stake in shares of Lowe’s Companies by 2.4% in the first quarter. National Pension Service now owns 646,624 shares of the home improvement retailer’s stock worth $53,217,000 after buying an additional 15,185 shares in the last quarter. Newman Dignan & Sheerar Inc. boosted its stake in shares of Lowe’s Companies by 5.1% in the first quarter. Newman Dignan & Sheerar Inc. now owns 16,082 shares of the home improvement retailer’s stock worth $1,322,000 after buying an additional 775 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Lowe’s Companies by 2.1% in the first quarter. Quadrant Capital Group LLC now owns 5,747 shares of the home improvement retailer’s stock worth $464,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

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Lowe’s Companies Company Profile

Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.

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Earnings History and Estimates for Lowe`s Companies (NYSE:LOW)

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