Lowe’s Companies, Inc. (LOW) Expected to Post Earnings of $1.02 Per Share
Wall Street analysts expect that Lowe’s Companies, Inc. (NYSE:LOW) will post $1.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Lowe’s Companies’ earnings, with the highest EPS estimate coming in at $1.06 and the lowest estimate coming in at $0.97. Lowe’s Companies reported earnings of $0.88 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The business is expected to report its next earnings report on Wednesday, November 15th.
According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $4.51 per share for the current year, with EPS estimates ranging from $4.46 to $4.64. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.10 per share, with EPS estimates ranging from $5.00 to $5.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.05). The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.58 billion. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $1.37 earnings per share.
A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Lowe’s Companies from a “sell” rating to a “hold” rating in a research report on Monday. Bank of America Corporation assumed coverage on shares of Lowe’s Companies in a research report on Tuesday, September 5th. They set a “buy” rating and a $95.00 target price for the company. J P Morgan Chase & Co reissued a “neutral” rating and set a $83.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Jefferies Group LLC reissued a “hold” rating and set a $75.00 target price (down previously from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $80.00 target price (down previously from $83.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $85.00.
Lowe’s Companies (NYSE:LOW) traded up 0.36% during trading on Thursday, reaching $78.14. The company had a trading volume of 551,589 shares. Lowe’s Companies has a 12-month low of $64.87 and a 12-month high of $86.25. The stock has a market cap of $65.08 billion, a P/E ratio of 22.19 and a beta of 1.07. The firm has a 50-day moving average price of $76.05 and a 200 day moving average price of $79.62.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, October 24th. Lowe’s Companies’s dividend payout ratio is presently 46.20%.
Several institutional investors and hedge funds have recently bought and sold shares of LOW. SRS Capital Advisors Inc. raised its position in shares of Lowe’s Companies by 0.4% in the 1st quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock worth $101,000 after purchasing an additional 5 shares during the last quarter. Harbour Capital Advisors LLC purchased a new position in Lowe’s Companies in the 1st quarter worth about $103,000. Atlantic Trust LLC purchased a new position in Lowe’s Companies in the 2nd quarter worth about $105,000. State of Alaska Department of Revenue purchased a new position in Lowe’s Companies in the 1st quarter worth about $109,000. Finally, Hanson McClain Inc. raised its position in Lowe’s Companies by 3.5% in the 1st quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 45 shares during the last quarter. 74.32% of the stock is owned by hedge funds and other institutional investors.
About Lowe’s Companies
Lowe’s Companies, Inc (Lowe’s) is a FORTUNE home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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