Lowe’s Companies, Inc. (NYSE:LOW) announced a quarterly dividend on Friday, November 8th, RTT News reports. Investors of record on Wednesday, January 22nd will be given a dividend of 0.55 per share by the home improvement retailer on Wednesday, February 5th. This represents a $2.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, January 21st.
Lowe’s Companies has raised its dividend payment by an average of 20.4% annually over the last three years and has increased its dividend every year for the last 56 years. Lowe’s Companies has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lowe’s Companies to earn $6.69 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 32.9%.
Shares of LOW opened at $122.36 on Monday. Lowe’s Companies has a twelve month low of $90.23 and a twelve month high of $122.88. The company has a market cap of $93.79 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.53 and a beta of 1.28. The company has a current ratio of 1.04, a quick ratio of 0.13 and a debt-to-equity ratio of 8.37. The company’s fifty day simple moving average is $119.07 and its 200-day simple moving average is $111.00.
Lowe’s Companies (NYSE:LOW) last announced its earnings results on Wednesday, November 20th. The home improvement retailer reported $1.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.06. Lowe’s Companies had a net margin of 4.11% and a return on equity of 146.62%. The business had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. Analysts predict that Lowe’s Companies will post 5.7 earnings per share for the current fiscal year.
A number of research analysts have recently commented on LOW shares. Barclays restated a “buy” rating and issued a $130.00 price target on shares of Lowe’s Companies in a report on Friday, November 22nd. JPMorgan Chase & Co. restated a “hold” rating on shares of Lowe’s Companies in a report on Wednesday, November 20th. Robert W. Baird restated a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a report on Wednesday, November 20th. Zacks Investment Research upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $116.00 price target on the stock in a report on Monday, September 30th. Finally, Nomura upped their price target on shares of Lowe’s Companies from $132.00 to $137.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $129.46.
About Lowe’s Companies
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.
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