Lowe’s Companies (NYSE:LOW) Releases FY20 Earnings Guidance

Lowe’s Companies (NYSE:LOW) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.45-5.65 for the period, compared to the Thomson Reuters consensus estimate of $5.57. The company issued revenue guidance of ~$72.74 billion (+2%), compared to the consensus revenue estimate of $72.53 billion.Lowe’s Companies also updated its FY 2019 guidance to $5.45-5.65 EPS.

Several equities analysts recently issued reports on the stock. Credit Suisse Group reissued a neutral rating and set a $114.00 price objective (up from $99.00) on shares of Lowe’s Companies in a report on Thursday. Loop Capital lifted their price objective on shares of Lowe’s Companies to $105.00 and gave the company a hold rating in a report on Thursday. Morgan Stanley raised their target price on shares of Lowe’s Companies from $123.00 to $130.00 and gave the company an overweight rating in a research note on Thursday. Goldman Sachs Group assumed coverage on shares of Lowe’s Companies in a research note on Thursday, July 11th. They issued a buy rating and a $119.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Lowe’s Companies from a sell rating to a hold rating in a research note on Thursday, May 16th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Lowe’s Companies presently has a consensus rating of Buy and a consensus price target of $116.09.

Shares of LOW opened at $106.39 on Friday. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23. The company has a 50 day moving average of $101.70 and a two-hundred day moving average of $103.74. The company has a quick ratio of 0.24, a current ratio of 1.06 and a debt-to-equity ratio of 7.80. The company has a market cap of $84.55 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings data on Wednesday, August 21st. The home improvement retailer reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.00 by $0.15. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The business had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. On average, sell-side analysts expect that Lowe’s Companies will post 5.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 annualized dividend and a dividend yield of 2.07%. Lowe’s Companies’s payout ratio is currently 42.80%.

In related news, EVP Donald Frieson acquired 2,030 shares of the stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the purchase, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.07% of the company’s stock.

Lowe’s Companies Company Profile

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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