Wall Street brokerages forecast that Lowe’s Companies, Inc. (NYSE:LOW) will report earnings of $2.24 per share for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Lowe’s Companies’ earnings, with the highest EPS estimate coming in at $2.55 and the lowest estimate coming in at $1.83. Lowe’s Companies reported earnings of $1.98 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, November 17th.
According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $11.26 per share for the current financial year, with EPS estimates ranging from $10.39 to $11.78. For the next year, analysts anticipate that the company will report earnings of $11.82 per share, with EPS estimates ranging from $9.78 to $12.78. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Lowe’s Companies.
Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Tuesday, August 17th. The home improvement retailer reported $4.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.01 by $0.24. The firm had revenue of $27.57 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Lowe’s Companies had a return on equity of 541.39% and a net margin of 7.41%. Lowe’s Companies’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.75 earnings per share.
NYSE:LOW traded up $2.87 during trading hours on Thursday, hitting $208.48. The company’s stock had a trading volume of 3,348,370 shares, compared to its average volume of 3,896,309. The business’s 50-day moving average is $198.29 and its two-hundred day moving average is $193.08. The company has a market capitalization of $144.36 billion, a PE ratio of 21.51, a PEG ratio of 1.26 and a beta of 1.34. The company has a debt-to-equity ratio of 49.23, a quick ratio of 0.36 and a current ratio of 1.16. Lowe’s Companies has a 52-week low of $146.72 and a 52-week high of $215.22.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 3rd. Stockholders of record on Wednesday, October 20th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, October 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.53%. Lowe’s Companies’s dividend payout ratio (DPR) is 36.12%.
Institutional investors have recently added to or reduced their stakes in the company. RE Advisers Corp purchased a new position in shares of Lowe’s Companies in the 2nd quarter worth about $29,000. Burleson & Company LLC purchased a new stake in shares of Lowe’s Companies during the 1st quarter valued at about $33,000. JNBA Financial Advisors raised its holdings in shares of Lowe’s Companies by 225.0% during the 1st quarter. JNBA Financial Advisors now owns 208 shares of the home improvement retailer’s stock valued at $40,000 after buying an additional 144 shares during the period. Grant Street Asset Management Inc. raised its holdings in shares of Lowe’s Companies by 104.5% during the 1st quarter. Grant Street Asset Management Inc. now owns 227 shares of the home improvement retailer’s stock valued at $43,000 after buying an additional 116 shares during the period. Finally, USA Financial Portformulas Corp raised its holdings in shares of Lowe’s Companies by 1,505.6% during the 2nd quarter. USA Financial Portformulas Corp now owns 289 shares of the home improvement retailer’s stock valued at $56,000 after buying an additional 271 shares during the period. Institutional investors own 72.80% of the company’s stock.
Lowe’s Companies Company Profile
Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodelling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.
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