Lowe’s Companies, Inc. (LOW) to Release Earnings on Wednesday
Lowe’s Companies, Inc. (NYSE:LOW) is scheduled to release its earnings data before the market opens on Wednesday, August 23rd. Analysts expect Lowe’s Companies to post earnings of $1.62 per share for the quarter.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by $0.03. Lowe’s Companies had a return on equity of 56.78% and a net margin of 4.22%. The firm had revenue of $16.86 billion for the quarter, compared to analyst estimates of $16.99 billion. During the same quarter last year, the company earned $0.87 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect Lowe’s Companies to post $4.62 EPS for the current fiscal year and $5.29 EPS for the next fiscal year.
Lowe’s Companies, Inc. (LOW) opened at 74.30 on Wednesday. The firm has a market capitalization of $62.73 billion, a PE ratio of 23.30 and a beta of 1.08. Lowe’s Companies, Inc. has a 1-year low of $64.87 and a 1-year high of $86.25. The firm’s 50-day moving average price is $76.67 and its 200-day moving average price is $79.53.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Monday, July 24th. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.35. Lowe’s Companies’s dividend payout ratio (DPR) is 51.57%.
In related news, insider Richard D. Maltsbarger sold 11,672 shares of the business’s 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 completion of the sale, the insider now owns 37,716 shares of the company’s stock, valued at approximately $3,024,823.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate insiders.
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LOW has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Tuesday, April 18th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Stifel Nicolaus reduced their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, May 24th. Finally, BTIG Research restated a “buy” rating and set a $95.00 target price (up previously from $90.00) on shares of Lowe’s Companies in a report on Friday, May 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $85.63.
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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