Zacks: Analysts Anticipate Lowe’s Companies, Inc. (NYSE:LOW) Will Post Earnings of $3.25 Per Share

Equities analysts predict that Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) will announce earnings of $3.25 per share for the current quarter, Zacks reports. Ten analysts have issued estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $3.58 and the lowest is $3.06. Lowe’s Companies posted earnings of $3.21 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The firm is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $13.40 per share for the current financial year, with EPS estimates ranging from $13.02 to $13.60. For the next year, analysts anticipate that the business will post earnings of $14.74 per share, with EPS estimates ranging from $14.20 to $15.23. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Lowe’s Companies.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The home improvement retailer reported $1.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.06. The firm had revenue of $21.34 billion during the quarter, compared to analyst estimates of $20.91 billion. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS.

Several brokerages have recently issued reports on LOW. Loop Capital decreased their price target on shares of Lowe’s Companies from $240.00 to $190.00 in a research note on Tuesday, April 12th. Wells Fargo & Company decreased their price target on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Citigroup raised their price target on shares of Lowe’s Companies from $270.00 to $292.00 and gave the stock a “buy” rating in a research note on Tuesday, January 18th. Telsey Advisory Group raised their price objective on shares of Lowe’s Companies from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Thursday, February 24th. Finally, DA Davidson raised their price target on shares of Lowe’s Companies from $286.00 to $292.00 in a report on Thursday, December 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $257.23.

A number of large investors have recently modified their holdings of LOW. Pacifica Partners Inc. purchased a new position in Lowe’s Companies in the 4th quarter worth $25,000. Bell Investment Advisors Inc purchased a new position in Lowe’s Companies in the 3rd quarter worth $32,000. Destiny Wealth Partners LLC purchased a new position in Lowe’s Companies in the 3rd quarter worth $33,000. Moors & Cabot Inc. raised its position in Lowe’s Companies by 80.7% in the 3rd quarter. Moors & Cabot Inc. now owns 32,000 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 14,288 shares during the period. Finally, Herold Advisors Inc. purchased a new position in shares of Lowe’s Companies in the third quarter valued at about $39,000. Institutional investors own 73.20% of the company’s stock.

Shares of LOW stock opened at $198.52 on Friday. The company has a 50 day moving average of $218.48 and a 200-day moving average of $231.78. Lowe’s Companies has a 12-month low of $182.08 and a 12-month high of $263.31. The firm has a market cap of $131.33 billion, a P/E ratio of 16.58, a PEG ratio of 1.20 and a beta of 1.32.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 4th. Investors of record on Wednesday, April 20th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, April 19th. Lowe’s Companies’s payout ratio is presently 26.73%.

Lowe’s Companies Company Profile (Get Rating)

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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