Brokerages Expect Lowe’s Companies, Inc. (NYSE:LOW) Will Announce Earnings of $2.46 Per Share


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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.

A number of research firms recently commented on LOW. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Lowe’s Companies in a research report on Monday, March 15th. They set a “buy” rating and a $195.00 price target on the stock. Gordon Haskett raised Lowe’s Companies from an “accumulate” rating to a “buy” rating and set a $202.00 price objective on the stock in a report on Wednesday, March 3rd. Wells Fargo & Company upped their price objective on Lowe’s Companies from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Monday, March 29th. They noted that the move was a valuation call. Loop Capital upped their price objective on Lowe’s Companies from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. Finally, Royal Bank of Canada upped their price objective on Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus price target of $179.88.

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, 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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