Wall Street analysts expect that Lowe’s Companies, Inc. (NYSE:LOW) will report $2.46 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Lowe’s Companies’ earnings, with the lowest EPS estimate coming in at $2.31 and the highest estimate coming in at $2.68. Lowe’s Companies posted earnings per share of $1.77 in the same quarter last year, which indicates a positive year over year growth rate of 39%. The company is expected to issue its next quarterly earnings results on Wednesday, May 19th.
On average, analysts expect that Lowe’s Companies will report full-year earnings of $9.74 per share for the current year, with EPS estimates ranging from $9.00 to $10.31. For the next fiscal year, analysts anticipate that the company will post earnings of $10.85 per share, with EPS estimates ranging from $9.34 to $11.51. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.54 billion. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. During the same period in the prior year, the company earned $0.94 EPS.
NYSE LOW opened at $200.65 on Friday. The firm has a market cap of $143.92 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37. Lowe’s Companies has a one year low of $91.49 and a one year high of $200.98. The stock’s 50 day simple moving average is $177.20 and its 200 day simple moving average is $168.22. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, April 20th. This represents a $2.40 annualized dividend and a yield of 1.20%. Lowe’s Companies’s dividend payout ratio (DPR) is currently 41.96%.
In other news, Director David H. Batchelder bought 6,250 shares of the business’s stock in a transaction that occurred on Friday, February 26th. The stock was acquired at an average cost of $159.48 per share, for a total transaction of $996,750.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.07% of the company’s stock.
Large investors have recently modified their holdings of the stock. Fiduciary Trust Co. lifted its position 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 acquiring an additional 4,924 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Lowe’s Companies by 236.4% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 302,719 shares of the home improvement retailer’s stock valued at $48,589,000 after buying an additional 212,738 shares in the last quarter. Global Trust Asset Management LLC raised its position in shares of Lowe’s Companies by 3.2% in the fourth quarter. Global Trust Asset Management LLC now owns 18,137 shares of the home improvement retailer’s stock valued at $2,911,000 after buying an additional 565 shares in the last quarter. Tennessee Valley Asset Management Partners raised its position in shares of Lowe’s Companies by 100.3% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 9,020 shares of the home improvement retailer’s stock valued at $1,448,000 after buying an additional 4,517 shares in the last quarter. Finally, O Shares Investment Advisers LLC increased its stake in Lowe’s Companies by 9.9% in the fourth quarter. O Shares Investment Advisers LLC now owns 23,875 shares of the home improvement retailer’s stock valued at $3,832,000 after acquiring an additional 2,147 shares during the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.
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 appliances, dÃ©cor, 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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