Lowe’s Companies (NYSE:LOW) will be issuing its quarterly earnings data before the market opens on Wednesday, May 22nd. Analysts expect the company to announce earnings of $1.36 per share for the quarter. Lowe’s Companies has set its FY 2019 guidance at $6.00-6.10 EPS and its FY20 guidance at $6.00-6.10 EPS.
Lowe’s Companies (NYSE:LOW) last issued its earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.80. The company had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, analysts expect Lowe’s Companies to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of LOW opened at $105.75 on Wednesday. The stock has a market capitalization of $84.60 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.26. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio is currently 37.35%.
A number of brokerages recently commented on LOW. Wells Fargo & Co reissued a “buy” rating on shares of Lowe’s Companies in a report on Friday, May 10th. Zacks Investment Research downgraded Lowe’s Companies from a “hold” rating to a “sell” rating in a report on Monday, May 6th. Morgan Stanley increased their price target on Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Citigroup increased their price target on Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Evercore ISI began coverage on Lowe’s Companies in a report on Wednesday, March 20th. They issued an “outperform” rating and a $120.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $114.52.
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About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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