Equities analysts predict that Lowe’s Companies, Inc. (NYSE:LOW) will announce earnings of $0.78 per share for the current quarter, Zacks reports. Eleven analysts have issued estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $1.08 and the lowest is $0.30. Lowe’s Companies posted earnings of $0.74 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The firm is expected to report its next quarterly earnings results on Wednesday, February 27th.
According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $5.11 per share for the current financial year, with EPS estimates ranging from $5.05 to $5.14. For the next year, analysts anticipate that the business will post earnings of $5.91 per share, with EPS estimates ranging from $5.72 to $6.12. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. The business had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a return on equity of 72.47% and a net margin of 5.19%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.05 EPS.
A number of research firms have weighed in on LOW. Gordon Haskett lowered Lowe’s Companies from an “accumulate” rating to a “hold” rating in a research note on Thursday, November 8th. Raymond James lifted their price objective on Lowe’s Companies from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 23rd. Argus lifted their price objective on Lowe’s Companies to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Telsey Advisory Group lifted their price objective on Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a research note on Friday, September 28th. Finally, Wedbush set a $95.00 price objective on Lowe’s Companies and gave the company a “hold” rating in a research note on Wednesday, November 21st. Ten equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $109.54.
NYSE LOW opened at $89.40 on Friday. The stock has a market cap of $73.01 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 1.24 and a beta of 1.55. Lowe’s Companies has a fifty-two week low of $81.16 and a fifty-two week high of $117.70. The company has a quick ratio of 0.18, a current ratio of 1.00 and a debt-to-equity ratio of 2.68.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Investors of record on Wednesday, January 23rd will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, January 22nd. Lowe’s Companies’s payout ratio is 43.74%.
In other news, Director Brian C. Rogers acquired 10,000 shares of the stock in a transaction that occurred on Friday, November 23rd. The shares were bought at an average cost of $88.02 per share, for a total transaction of $880,200.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $880,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the completion of the sale, the chief financial officer now owns 63,099 shares in the company, valued at $7,231,776.39. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Columbia Asset Management acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $109,000. Capital Advisors Ltd. LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $116,000. Stelac Advisory Services LLC acquired a new position in shares of Lowe’s Companies during the 3rd quarter worth approximately $123,000. Almanack Investment Partners LLC. acquired a new position in shares of Lowe’s Companies during the 2nd quarter worth approximately $103,000. Finally, Rational Advisors LLC boosted its holdings in shares of Lowe’s Companies by 1,005.9% during the 3rd quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock worth $128,000 after purchasing an additional 1,016 shares during the last quarter. Institutional investors own 73.92% of the company’s stock.
Lowe’s Companies Company Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. It offers products for maintenance, repair, remodeling, home decorating, and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows, and doors.
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