Lowe’s Companies (LOW) Updates FY19 Earnings Guidance
Lowe’s Companies (NYSE:LOW) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.08-5.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.16. The company issued revenue guidance of +4% YoY to ~$70 billion, compared to the consensus revenue estimate of $71.59 billion.Lowe’s Companies also updated its FY 2018 guidance to $5.08-5.13 EPS.
Shares of LOW stock opened at $86.18 on Wednesday. Lowe’s Companies has a 12-month low of $79.11 and a 12-month high of $117.70. The stock has a market cap of $73.84 billion, a P/E ratio of 19.63, a PEG ratio of 1.23 and a beta of 1.52. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. On average, equities research analysts expect that Lowe’s Companies will post 5.17 EPS for the current fiscal year.
A number of equities analysts have weighed in on the stock. Deutsche Bank set a $101.00 target price on shares of Lowe’s Companies and gave the stock a buy rating in a research note on Wednesday. Wedbush set a $95.00 target price on shares of Lowe’s Companies and gave the stock a hold rating in a research note on Wednesday. KeyCorp dropped their target price on shares of Lowe’s Companies from $125.00 to $115.00 and set an overweight rating for the company in a research note on Wednesday. Credit Suisse Group set a $111.00 price target on shares of Lowe’s Companies and gave the stock a hold rating in a research report on Tuesday. Finally, Stifel Nicolaus cut shares of Lowe’s Companies from a buy rating to a hold rating and lowered their price target for the stock from $125.00 to $92.00 in a research report on Wednesday. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $109.19.
In other Lowe’s Companies news, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the transaction, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lisa W. Wardell purchased 273 shares of the business’s stock in a transaction on Friday, August 24th. The stock was bought at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the purchase, the director now owns 273 shares of the company’s stock, valued at approximately $29,407.56. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
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Lowe’s Companies Company Profile
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.
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