Lowe’s Companies (NYSE:LOW) Updates FY 2019 Earnings Guidance

Lowe’s Companies (NYSE:LOW) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $5.45-5.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.57. The company issued revenue guidance of $72.73518-72.73518 billion, compared to the consensus revenue estimate of $72.5 billion.Lowe’s Companies also updated its FY20 guidance to $5.45-5.65 EPS.

Shares of NYSE:LOW opened at $106.39 on Friday. Lowe’s Companies has a 52-week low of $84.75 and a 52-week high of $118.23. The company has a market capitalization of $84.55 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. The company has a 50-day simple moving average of $101.70 and a 200 day simple moving average of $103.74. The company has a debt-to-equity ratio of 7.80, a quick ratio of 0.24 and a current ratio of 1.06.

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

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

LOW has been the subject of several research reports. SunTrust Banks restated a buy rating and set a $120.00 price objective on shares of Lowe’s Companies in a research report on Friday, May 24th. Zacks Investment Research upgraded shares of Lowe’s Companies from a sell rating to a hold rating in a research report on Thursday, May 16th. Bank of America set a $135.00 price objective on shares of Lowe’s Companies and gave the stock a buy rating in a research report on Monday, May 27th. Royal Bank of Canada set a $123.00 price objective on shares of Lowe’s Companies and gave the stock a buy rating in a research report on Wednesday. Finally, Wells Fargo & Co restated an outperform rating and set a $125.00 price objective (up from $110.00) on shares of Lowe’s Companies in a research report on Thursday. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Lowe’s Companies presently has a consensus rating of Buy and an average target price of $116.09.

In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the company’s stock in a transaction dated Wednesday, June 19th. The stock was bought at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the transaction, the executive vice president now owns 10,980 shares in the company, valued at $1,083,616.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.07% of the stock is currently owned by insiders.

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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