Lowe’s Companies (NYSE:LOW) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Lowe’s Companies (NYSE:LOW) posted its quarterly earnings results on Wednesday. The home improvement retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.10, Zacks reports. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. Lowe’s Companies updated its FY 2025 guidance to 12.150-12.400 EPS.

Lowe’s Companies Stock Performance

Shares of LOW opened at $248.02 on Thursday. The firm has a market cap of $140.04 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The business’s 50 day moving average price is $252.48 and its two-hundred day moving average price is $258.86. Lowe’s Companies has a 52-week low of $211.80 and a 52-week high of $287.01.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LOW. Truist Financial boosted their price objective on shares of Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company upped their price objective on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. DA Davidson raised their target price on shares of Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Piper Sandler decreased their price target on shares of Lowe’s Companies from $307.00 to $296.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus boosted their price objective on Lowe’s Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $281.67.

Lowe’s Companies Company Profile

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also 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, and electrical.