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.
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, 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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