Wall Street analysts expect Lowe's Companies, Inc. (NYSE:LOW) to post sales of $15.28 billion for the current quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Lowe's Companies’ earnings, with estimates ranging from $15.02 billion to $15.53 billion. Lowe's Companies reported sales of $15.78 billion in the same quarter last year, which suggests a negative year over year growth rate of 3.2%. The business is expected to issue its next quarterly earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Lowe's Companies will report full year sales of $15.28 billion for the current financial year, with estimates ranging from $68.14 billion to $68.65 billion. For the next year, analysts forecast that the business will post sales of $71.13 billion per share, with estimates ranging from $70.44 billion to $71.85 billion. Zacks’ sales calculations 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 announced its quarterly earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to analysts’ expectations of $16.59 billion. During the same quarter in the prior year, the company earned $0.88 EPS. The company’s revenue was up 6.6% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a research report on Friday, December 22nd. Zelman & Associates lowered shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research note on Friday. Barclays upgraded shares of Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research note on Friday. Robert W. Baird reiterated a “buy” rating and set a $110.00 price objective on shares of Lowe's Companies in a research note on Wednesday. Finally, Jefferies Group reiterated a “hold” rating and set a $75.00 price objective on shares of Lowe's Companies in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $88.62.

In other news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $80.20, for a total value of $268,830.40. Following the sale, the insider now owns 4,650 shares in the company, valued at $372,930. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LOW. Harbour Capital Advisors LLC acquired a new stake in shares of Lowe's Companies in the first quarter worth $103,000. Atlantic Trust LLC purchased a new stake in Lowe's Companies during the second quarter worth $105,000. State of Alaska Department of Revenue boosted its holdings in Lowe's Companies by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 1,440 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 110 shares in the last quarter. Motco boosted its holdings in Lowe's Companies by 33.4% during the second quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock worth $134,000 after buying an additional 432 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new stake in Lowe's Companies during the third quarter worth $134,000. Hedge funds and other institutional investors own 73.12% of the company’s stock.

Shares of Lowe's Companies (NYSE LOW) traded up $1.48 on Friday, hitting $94.22. 2,629,976 shares of the stock traded hands, compared to its average volume of 4,895,767. Lowe's Companies has a 52-week low of $70.54 and a 52-week high of $93.55. The stock has a market cap of $78,150.00, a PE ratio of 22.65, a PEG ratio of 1.39 and a beta of 1.14. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, January 23rd. This represents a $1.64 dividend on an annualized basis and a yield of 1.74%. Lowe's Companies’s payout ratio is 39.42%.

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About Lowe's Companies

Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.

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

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