Zacks: Analysts Expect Lowe's Companies, Inc. (LOW) Will Post Earnings of $0.87 Per Share

Equities analysts predict that Lowe's Companies, Inc. (NYSE:LOW) will announce earnings per share (EPS) of $0.87 for the current quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Lowe's Companies’ earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.92. Lowe's Companies reported earnings per share of $0.86 in the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The business is expected to report its next earnings report on Wednesday, March 7th.

According to Zacks, analysts expect that Lowe's Companies will report full-year earnings of $4.52 per share for the current year, with EPS estimates ranging from $4.47 to $4.57. For the next fiscal year, analysts anticipate that the company will report earnings of $5.52 per share, with EPS estimates ranging from $5.01 to $6.32. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Lowe's Companies.

Lowe's Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.03. The business had revenue of $16.77 billion during the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a return on equity of 66.27% and a net margin of 5.16%. Lowe's Companies’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share.

A number of analysts have weighed in on the company. BTIG Research upped their price target on Lowe's Companies to $115.00 and gave the company a “buy” rating in a research report on Friday. Consumer Edge upgraded Lowe's Companies from a “neutral” rating to an “outperform” rating in a research report on Tuesday. Credit Suisse Group set a $116.00 price target on Lowe's Companies and gave the company a “buy” rating in a research report on Tuesday. Barclays upgraded Lowe's Companies from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Finally, Zelman & Associates cut Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $90.28.

In other news, insider Nelson B. Peace sold 3,352 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the sale, the insider now owns 4,650 shares in the company, valued at $372,930. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in LOW. Atlantic Trust LLC acquired a new position in shares of Lowe's Companies during the second quarter valued at $105,000. State of Alaska Department of Revenue lifted its stake in shares of 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 valued at $111,000 after acquiring an additional 110 shares during the period. Stonehearth Capital Management LLC acquired a new position in shares of Lowe's Companies during the fourth quarter valued at $112,000. Motco lifted its stake in shares of Lowe's Companies by 33.4% during the second quarter. Motco now owns 1,725 shares of the home improvement retailer’s stock valued at $134,000 after acquiring an additional 432 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Lowe's Companies during the third quarter valued at $134,000. Institutional investors own 73.13% of the company’s stock.

Shares of Lowe's Companies (NYSE LOW) traded up $3.59 during midday trading on Friday, hitting $104.95. The company had a trading volume of 9,557,884 shares, compared to its average volume of 6,290,000. The company has a quick ratio of 0.12, a current ratio of 1.02 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $87,080.00, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14. Lowe's Companies has a twelve month low of $70.76 and a twelve month high of $105.60.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s payout ratio is presently 39.42%.

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Lowe's Companies Company Profile

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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