Lowe’s Companies (LOW) to Release Earnings on Wednesday

Lowe’s Companies (NYSE:LOW – Get Rating) will issue its quarterly earnings data before the market opens on Wednesday, May 18th. Analysts expect the company to announce earnings of $3.24 per share for the quarter. Lowe’s Companies has set its FY 2022 guidance at $13.100-$13.600 EPS.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its earnings results on Wednesday, February 23rd. The home improvement retailer reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. Lowe’s Companies had a net margin of 8.77% and a negative return on equity of 551.52%. The firm had revenue of $21.34 billion during the quarter, compared to the consensus estimate of $20.91 billion. During the same quarter last year, the firm earned $1.33 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect Lowe’s Companies to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Lowe’s Companies stock opened at $192.13 on Wednesday. Lowe’s Companies has a fifty-two week low of $182.08 and a fifty-two week high of $263.31. The firm has a 50 day moving average price of $211.16 and a 200 day moving average price of $230.06. The company has a market capitalization of $127.02 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.25.

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 4th. Investors of record on Wednesday, April 20th were issued a $0.80 dividend. The ex-dividend date was Tuesday, April 19th. This represents a $3.20 annualized dividend and a yield of 1.67%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 26.73%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. V Wealth Advisors LLC raised its holdings in shares of Lowe’s Companies by 3.7% in the fourth quarter. V Wealth Advisors LLC now owns 2,478 shares of the home improvement retailer’s stock valued at $640,000 after buying an additional 89 shares during the last quarter. Tobam raised its holdings in shares of Lowe’s Companies by 111.3% in the fourth quarter. Tobam now owns 524 shares of the home improvement retailer’s stock valued at $135,000 after buying an additional 276 shares during the last quarter. Raleigh Capital Management Inc. purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $83,000. Camden National Bank raised its holdings in shares of Lowe’s Companies by 17.1% in the fourth quarter. Camden National Bank now owns 2,291 shares of the home improvement retailer’s stock valued at $368,000 after buying an additional 335 shares during the last quarter. Finally, First Community Trust NA purchased a new stake in shares of Lowe’s Companies in the fourth quarter valued at about $102,000. 75.46% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently weighed in on LOW shares. Citigroup lifted their target price on shares of Lowe’s Companies from $270.00 to $292.00 and gave the company a “buy” rating in a report on Tuesday, January 18th. Evercore ISI started coverage on shares of Lowe’s Companies in a research note on Tuesday, February 15th. They issued an “outperform” rating for the company. Wells Fargo & Company dropped 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. Gordon Haskett downgraded shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Finally, Wedbush dropped their price target on shares of Lowe’s Companies from $260.00 to $240.00 in a research note on Thursday, February 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $260.80.

About Lowe’s Companies (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.

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