Lowe’s Companies, Inc. (NYSE:LOW) Expected to Post Earnings of $2.51 Per Share


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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.

LOW has been the topic of a number of analyst reports. Gordon Haskett upgraded shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price target on the stock in a research report on Wednesday, March 3rd. Loop Capital boosted their target price on Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, April 19th. Wells Fargo & Company lifted their price objective on Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Lowe’s Companies from $203.00 to $206.00 in a research note on Thursday, February 25th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price objective on shares of Lowe’s Companies from $195.00 to $239.00 and gave the company a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $184.80.

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, décor, 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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Earnings History and Estimates for Lowe`s Companies (NYSE:LOW)

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