Analysts expect that Lowe’s Companies, Inc. (NYSE:LOW) will announce sales of $23.10 billion for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Lowe’s Companies’ earnings. The highest sales estimate is $24.24 billion and the lowest is $22.04 billion. Lowe’s Companies posted sales of $19.68 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The business is expected to announce its next quarterly earnings report on Wednesday, May 19th.

On average, analysts expect that Lowe’s Companies will report full year sales of $87.35 billion for the current financial year, with estimates ranging from $86.24 billion to $90.11 billion. For the next financial year, analysts anticipate that the firm will post sales of $89.10 billion, with estimates ranging from $84.32 billion to $92.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.54 billion. Lowe’s Companies had a net margin of 6.29% and a return on equity of 211.33%. During the same period in the previous year, the firm earned $0.94 EPS.

Several equities analysts have commented on LOW shares. Gordon Haskett raised shares of Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 target price on the stock in a research report on Wednesday, March 3rd. Royal Bank of Canada lifted their price target on Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Atlantic Securities raised Lowe’s Companies from a “neutral” rating to an “overweight” rating and set a $240.00 target price for the company in a research report on Tuesday, April 20th. Wells Fargo & Company lifted their target price on Lowe’s Companies from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Monday, March 29th. They noted that the move was a valuation call. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target 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 analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $184.80.

Lowe’s Companies stock traded up $1.10 during midday trading on Thursday, hitting $200.30. 3,633,869 shares of the stock were exchanged, compared to its average volume of 4,031,901. Lowe’s Companies has a 52-week low of $106.20 and a 52-week high of $208.98. 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 business’s 50-day moving average price is $192.90 and its 200-day moving average price is $171.72. The stock has a market capitalization of $143.65 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Stockholders of record on Wednesday, April 21st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 annualized dividend and a dividend yield of 1.20%. Lowe’s Companies’s payout ratio is currently 41.96%.

In other Lowe’s Companies news, Director David H. Batchelder acquired 6,250 shares of the company’s stock in a transaction that occurred on Friday, February 26th. The stock was bought at an average price of $159.48 per share, with a total value of $996,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.07% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of LOW. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Lowe’s Companies by 90.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 56,486 shares of the home improvement retailer’s stock worth $10,743,000 after acquiring an additional 26,767 shares during the last quarter. Fiduciary Trust Co. lifted its stake in Lowe’s Companies by 5.4% during the fourth quarter. Fiduciary Trust Co. now owns 95,752 shares of the home improvement retailer’s stock worth $15,369,000 after purchasing an additional 4,924 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Lowe’s Companies by 236.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 302,719 shares of the home improvement retailer’s stock worth $48,589,000 after purchasing an additional 212,738 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of Lowe’s Companies by 3.2% during the 4th quarter. Global Trust Asset Management LLC now owns 18,137 shares of the home improvement retailer’s stock valued at $2,911,000 after purchasing an additional 565 shares during the last quarter. Finally, Tennessee Valley Asset Management Partners increased its position in shares of Lowe’s Companies by 100.3% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 9,020 shares of the home improvement retailer’s stock valued at $1,448,000 after purchasing an additional 4,517 shares during the last quarter. Institutional investors own 76.11% of the company’s stock.

Lowe’s Companies Company Profile

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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