Lowe’s Companies (LOW) to Release Earnings on Wednesday

Lowe’s Companies (NYSE:LOW) will be releasing its earnings data before the market opens on Wednesday, August 21st. Analysts expect Lowe’s Companies to post earnings of $2.02 per share for the quarter. Lowe’s Companies has set its FY 2019 guidance at $5.45-5.65 EPS and its FY20 guidance at $5.45-5.65 EPS.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.11). The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. Lowe’s Companies’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.19 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.

NYSE LOW opened at $96.58 on Wednesday. The stock has a market capitalization of $77.16 billion, a P/E ratio of 18.79, a PEG ratio of 1.28 and a beta of 1.36. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09. The firm’s 50-day simple moving average is $102.18.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, July 23rd. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 2.28%. Lowe’s Companies’s dividend payout ratio is 42.80%.

In related news, EVP Donald Frieson purchased 2,030 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were purchased at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the transaction, the executive vice president now directly owns 10,980 shares in the company, valued at approximately $1,083,616.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Marvin R. Ellison purchased 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were bought at an average price of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the transaction, the insider now owns 80,090 shares of the company’s stock, valued at $7,612,554.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 12,280 shares of company stock worth $1,174,566. Company insiders own 0.07% of the company’s stock.

Several research firms have commented on LOW. Wells Fargo & Co reaffirmed a “buy” rating on shares of Lowe’s Companies in a report on Friday, May 10th. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a report on Friday, May 24th. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Robert W. Baird reaffirmed an “outperform” rating and set a $127.00 price objective (down from $133.00) on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Finally, Goldman Sachs Group began coverage on shares of Lowe’s Companies in a report on Thursday, July 11th. They set a “buy” rating and a $119.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $112.88.

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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Earnings History for Lowe`s Companies (NYSE:LOW)

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