Lowe’s Companies (LOW) Scheduled to Post Earnings on Tuesday

Lowe’s Companies (NYSE:LOW) is scheduled to be releasing its earnings data before the market opens on Tuesday, August 20th. Analysts expect Lowe’s Companies to post earnings of $3.98 per share for the quarter. Lowe’s Companies has set its FY25 guidance at $12.00-12.30 EPS and its FY 2024 guidance at 12.000-12.300 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, May 21st. The home improvement retailer reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.12. Lowe’s Companies had a negative return on equity of 48.52% and a net margin of 8.46%. The firm had revenue of $21.36 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm posted $3.67 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts expect Lowe’s Companies to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Lowe’s Companies Stock Performance

Shares of Lowe’s Companies stock opened at $241.15 on Monday. Lowe’s Companies has a 52-week low of $181.85 and a 52-week high of $262.49. The company’s 50 day moving average price is $229.89 and its 200-day moving average price is $231.88. The stock has a market capitalization of $137.42 billion, a price-to-earnings ratio of 19.37, a P/E/G ratio of 1.85 and a beta of 1.07.

Lowe’s Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend was Wednesday, July 24th. Lowe’s Companies’s payout ratio is 36.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, August 2nd. Truist Financial reduced their target price on Lowe’s Companies from $271.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $246.00 price target on shares of Lowe’s Companies in a report on Wednesday, May 22nd. Citigroup decreased their price objective on shares of Lowe’s Companies from $243.00 to $240.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Finally, Stifel Nicolaus lifted their target price on shares of Lowe’s Companies from $225.00 to $250.00 and gave the company a “hold” rating in a research note on Monday, May 13th. Fourteen investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $250.19.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.