Brokerages Anticipate Lowe’s Companies, Inc. (LOW) to Announce $2.07 EPS

Equities analysts expect that Lowe’s Companies, Inc. (NYSE:LOW) will report $2.07 earnings per share for the current quarter, according to Zacks. Eleven analysts have made estimates for Lowe’s Companies’ earnings, with the highest EPS estimate coming in at $2.30 and the lowest estimate coming in at $1.90. Lowe’s Companies also posted earnings of $2.07 per share during the same quarter last year. The firm is expected to announce its next quarterly earnings report on Wednesday, August 28th.

On average, analysts expect that Lowe’s Companies will report full year earnings of $5.68 per share for the current year, with EPS estimates ranging from $5.54 to $6.10. For the next fiscal year, analysts expect that the business will post earnings of $6.66 per share, with EPS estimates ranging from $6.35 to $7.06. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.65 billion. During the same quarter last year, the business earned $1.19 EPS. Lowe’s Companies’s revenue was up 2.2% on a year-over-year basis.

A number of research firms have commented on LOW. Morgan Stanley raised their price objective on Lowe’s Companies from $115.00 to $123.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research lowered Lowe’s Companies from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. Citigroup raised their price objective on Lowe’s Companies from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wedbush raised their price objective on Lowe’s Companies from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Finally, ValuEngine upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Thursday, February 28th. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $113.35.

Lowe’s Companies stock traded up $0.57 during mid-day trading on Friday, reaching $95.37. 7,096,178 shares of the company were exchanged, compared to its average volume of 3,718,889. Lowe’s Companies has a 12 month low of $84.75 and a 12 month high of $118.23. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. The firm has a market cap of $75.91 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.30 and a beta of 1.26.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 24th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $1.92 annualized dividend and a dividend yield of 2.01%. Lowe’s Companies’s payout ratio is 37.35%.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in Lowe’s Companies by 0.7% during the 4th quarter. BlackRock Inc. now owns 53,503,078 shares of the home improvement retailer’s stock worth $4,941,544,000 after acquiring an additional 371,008 shares during the last quarter. FMR LLC grew its position in Lowe’s Companies by 9.2% during the 4th quarter. FMR LLC now owns 23,893,923 shares of the home improvement retailer’s stock worth $2,206,843,000 after acquiring an additional 2,014,183 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Lowe’s Companies by 8,621.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,673,178 shares of the home improvement retailer’s stock worth $191,000 after acquiring an additional 17,470,536 shares during the last quarter. Lunia Capital LP grew its position in Lowe’s Companies by 18,944.2% during the 4th quarter. Lunia Capital LP now owns 15,741,007 shares of the home improvement retailer’s stock worth $15,741,000 after acquiring an additional 15,658,352 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its position in Lowe’s Companies by 1.3% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,171,980 shares of the home improvement retailer’s stock worth $1,308,924,000 after acquiring an additional 182,823 shares during the last quarter. Institutional investors own 75.53% of the company’s stock.

About Lowe’s Companies

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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