Lowe's Companies, Inc. (LOW) Expected to Post Quarterly Sales of $15.28 Billion
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.
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%.
TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark legislation. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/05/lowes-companies-inc-low-expected-to-post-quarterly-sales-of-15-28-billion.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.