Brokerages expect Lowe's Companies, Inc. (NYSE:LOW) to report $15.29 billion in sales for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Lowe's Companies’ earnings, with estimates ranging from $15.02 billion to $15.53 billion. Lowe's Companies posted sales of $15.78 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.1%. The company is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Lowe's Companies will report full-year sales of $15.29 billion for the current fiscal year, with estimates ranging from $68.14 billion to $68.67 billion. For the next year, analysts expect that the firm will post sales of $71.14 billion per share, with estimates ranging from $70.44 billion to $71.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Lowe's Companies.
Lowe's Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for 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 quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 earnings per share.
Shares of Lowe's Companies (NYSE:LOW) opened at $104.95 on Friday. 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 firm has a market capitalization of $87,080.00, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.52 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Investors of record on Wednesday, January 24th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s payout ratio is currently 39.42%.
In related 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 of the company’s stock, valued at $372,930. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Lowe's Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 64,769,014 shares of the home improvement retailer’s stock worth $5,021,542,000 after buying an additional 897,911 shares during the period. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Lowe's Companies by 40.3% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,144,020 shares of the home improvement retailer’s stock worth $1,210,613,000 after buying an additional 4,351,830 shares during the period. FMR LLC lifted its position in Lowe's Companies by 62.6% during the second quarter. FMR LLC now owns 9,694,439 shares of the home improvement retailer’s stock worth $751,610,000 after buying an additional 3,732,153 shares during the period. Ameriprise Financial Inc. lifted its position in Lowe's Companies by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 9,281,474 shares of the home improvement retailer’s stock worth $719,560,000 after buying an additional 64,780 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Lowe's Companies by 2.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,332,702 shares of the home improvement retailer’s stock worth $666,117,000 after purchasing an additional 229,746 shares during the period. Hedge funds and other institutional investors own 73.13% of the company’s stock.
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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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