Brokerages expect Lowe’s Companies, Inc. (NYSE:LOW) to announce earnings of $2.51 per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Lowe’s Companies’ earnings, with the lowest EPS estimate coming in at $2.33 and the highest estimate coming in at $2.76. Lowe’s Companies reported earnings of $1.77 per share in the same quarter last year, which indicates a positive year over year growth rate of 41.8%. The business is scheduled to issue its next earnings results on Wednesday, May 19th.
According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $9.80 per share for the current financial year, with EPS estimates ranging from $9.00 to $10.31. For the next year, analysts forecast that the company will post earnings of $10.96 per share, with EPS estimates ranging from $9.78 to $11.51. Zacks’ EPS averages are an average based on a survey of analysts that cover Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.54 billion. During the same period in the previous year, the firm posted $0.94 earnings per share.
In related news, Director David H. Batchelder acquired 6,250 shares of the firm’s stock in a transaction on Friday, February 26th. The shares were purchased at an average cost of $159.48 per share, for a total transaction of $996,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Lowe’s Companies in the fourth quarter valued at approximately $1,285,445,000. FMR LLC grew its holdings in Lowe’s Companies by 10.7% in the 4th quarter. FMR LLC now owns 30,352,415 shares of the home improvement retailer’s stock valued at $4,871,866,000 after buying an additional 2,940,777 shares in the last quarter. Maj Invest Holding A S increased its position in Lowe’s Companies by 106.9% during the 4th quarter. Maj Invest Holding A S now owns 1,934,106 shares of the home improvement retailer’s stock worth $310,443,000 after buying an additional 999,428 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Lowe’s Companies by 17.8% during the fourth quarter. Lazard Asset Management LLC now owns 6,502,725 shares of the home improvement retailer’s stock worth $1,043,751,000 after buying an additional 982,465 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Lowe’s Companies by 15.6% in the fourth quarter. Morgan Stanley now owns 5,819,866 shares of the home improvement retailer’s stock valued at $934,149,000 after acquiring an additional 783,731 shares during the period. Hedge funds and other institutional investors own 76.11% of the company’s stock.
Shares of Lowe’s Companies stock traded up $1.10 during trading on Tuesday, reaching $200.30. 3,633,869 shares of the company were exchanged, compared to its average volume of 4,031,901. Lowe’s Companies has a twelve month low of $106.20 and a twelve month high of $208.98. The business has a 50-day moving average price of $192.90 and a 200-day moving average price of $171.72. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. The firm has a market capitalization of $143.65 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 1.18 and a beta of 1.37.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Shareholders of record on Wednesday, April 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, April 20th. Lowe’s Companies’s dividend payout ratio is 41.96%.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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