Analysts Expect Lowe’s Companies, Inc. (NYSE:LOW) Will Announce Earnings of $3.24 Per Share

Analysts forecast that Lowe’s Companies, Inc. (NYSE:LOWGet Rating) will announce $3.24 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Lowe’s Companies’ earnings, with the lowest EPS estimate coming in at $3.06 and the highest estimate coming in at $3.58. Lowe’s Companies posted earnings per share of $3.21 in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Lowe’s Companies will report full year earnings of $13.39 per share for the current fiscal year, with EPS estimates ranging from $13.02 to $13.60. For the next fiscal year, analysts anticipate that the business will report earnings of $14.73 per share, with EPS estimates ranging from $14.20 to $15.23. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Lowe’s Companies.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $21.34 billion for the quarter, compared to analyst estimates of $20.91 billion. Lowe’s Companies had a negative return on equity of 551.52% and a net margin of 8.77%. Lowe’s Companies’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share.

A number of brokerages have recently issued reports on LOW. Morgan Stanley boosted their target price on Lowe’s Companies from $265.00 to $280.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 18th. Wedbush lowered their price target on Lowe’s Companies from $260.00 to $240.00 in a report on Thursday, February 24th. Gordon Haskett downgraded Lowe’s Companies from a “buy” rating to an “accumulate” rating in a report on Friday. Telsey Advisory Group lifted their price target on Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Thursday, February 24th. Finally, OTR Global upgraded Lowe’s Companies from a “mixed” rating to a “positive” rating in a research note on Tuesday, February 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $260.80.

Shares of Lowe’s Companies stock traded down $3.63 on Friday, reaching $192.29. 3,910,713 shares of the company were exchanged, compared to its average volume of 3,641,540. The stock has a fifty day moving average price of $212.40 and a 200-day moving average price of $230.50. The firm has a market capitalization of $127.13 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.24 and a beta of 1.25. Lowe’s Companies has a fifty-two week low of $182.08 and a fifty-two week high of $263.31.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 4th. Investors of record on Wednesday, April 20th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 19th. This represents a $3.20 annualized dividend and a dividend yield of 1.66%. Lowe’s Companies’s dividend payout ratio is presently 26.73%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Curi Wealth Management LLC lifted its position in shares of Lowe’s Companies by 15.9% during the 1st quarter. Curi Wealth Management LLC now owns 3,515 shares of the home improvement retailer’s stock worth $710,000 after purchasing an additional 482 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in Lowe’s Companies by 199.2% in the 1st quarter. Great Lakes Advisors LLC now owns 94,196 shares of the home improvement retailer’s stock valued at $19,045,000 after acquiring an additional 62,712 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Lowe’s Companies by 1.4% in the 1st quarter. Jacobi Capital Management LLC now owns 8,514 shares of the home improvement retailer’s stock valued at $1,721,000 after acquiring an additional 115 shares in the last quarter. Stiles Financial Services Inc raised its holdings in Lowe’s Companies by 8.1% in the 1st quarter. Stiles Financial Services Inc now owns 2,866 shares of the home improvement retailer’s stock valued at $579,000 after acquiring an additional 214 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Lowe’s Companies by 1.7% in the 1st quarter. Los Angeles Capital Management LLC now owns 970,587 shares of the home improvement retailer’s stock valued at $196,243,000 after acquiring an additional 16,609 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.

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, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.

See Also

Get a free copy of the Zacks research report on Lowe’s Companies (LOW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Lowe's Companies (NYSE:LOW)

Receive News & Ratings for Lowe's Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lowe's Companies and related companies with MarketBeat.com's FREE daily email newsletter.