$4.68 EPS Expected for Lowe’s Companies, Inc. (NYSE:LOW) This Quarter

Equities analysts forecast that Lowe’s Companies, Inc. (NYSE:LOWGet Rating) will announce earnings of $4.68 per share for the current quarter, Zacks reports. Ten analysts have provided estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $4.77 and the lowest is $4.56. Lowe’s Companies posted earnings of $4.25 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 10.1%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $13.49 per share for the current fiscal year, with EPS estimates ranging from $13.28 to $13.71. For the next financial year, analysts forecast that the company will post earnings of $14.71 per share, with EPS estimates ranging from $13.91 to $15.43. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOWGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.29. The company had revenue of $23.66 billion for the quarter, compared to analysts’ expectations of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. Lowe’s Companies’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.21 earnings per share.

A number of research analysts have commented on LOW shares. StockNews.com upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a research report on Saturday, May 21st. Loop Capital reduced their price target on shares of Lowe’s Companies from $240.00 to $190.00 in a research report on Tuesday, April 12th. Evercore ISI started coverage on shares of Lowe’s Companies in a research report on Tuesday, February 15th. They set an “outperform” rating on the stock. Telsey Advisory Group increased their price target on shares of Lowe’s Companies from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, February 24th. Finally, Wedbush reduced their price target on shares of Lowe’s Companies from $240.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lowe’s Companies has an average rating of “Buy” and a consensus price target of $243.84.

NYSE LOW traded up $4.10 on Friday, reaching $199.63. 2,779,220 shares of the company’s stock traded hands, compared to its average volume of 4,190,343. Lowe’s Companies has a 12 month low of $179.22 and a 12 month high of $263.31. The stock has a 50-day simple moving average of $201.37 and a 200 day simple moving average of $226.18. The stock has a market cap of $131.98 billion, a PE ratio of 16.27, a P/E/G ratio of 1.11 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 3rd. Investors of record on Wednesday, July 20th will be paid a $1.05 dividend. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.80. This represents a $4.20 dividend on an annualized basis and a yield of 2.10%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 26.08%.

Hedge funds have recently made changes to their positions in the stock. Camden National Bank lifted its position in Lowe’s Companies by 17.1% during 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 period. Morgan Stanley lifted its position in Lowe’s Companies by 3.7% during the second quarter. Morgan Stanley now owns 5,670,692 shares of the home improvement retailer’s stock valued at $1,099,945,000 after buying an additional 201,647 shares during the period. Assetmark Inc. lifted its position in Lowe’s Companies by 0.5% during the third quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock valued at $2,022,000 after buying an additional 47 shares during the period. Eagle Bay Advisors LLC lifted its position in Lowe’s Companies by 50.5% during the third quarter. Eagle Bay Advisors LLC now owns 781 shares of the home improvement retailer’s stock valued at $158,000 after buying an additional 262 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its position in Lowe’s Companies by 5.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 8,466 shares of the home improvement retailer’s stock valued at $1,717,000 after buying an additional 448 shares during the period. 75.46% of the stock is owned by institutional investors.

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.

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

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