Wall Street analysts forecast that Lowe's Companies, Inc. (NYSE:LOW) will post earnings per share (EPS) of $1.29 for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Lowe's Companies’ earnings, with the highest EPS estimate coming in at $1.36 and the lowest estimate coming in at $1.23. Lowe's Companies posted earnings of $1.03 per share during the same quarter last year, which would indicate a positive year over year growth rate of 25.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 23rd.
According to Zacks, analysts expect that Lowe's Companies will report full-year earnings of $5.52 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $5.92. For the next year, analysts expect that the business will post earnings of $6.11 per share, with EPS estimates ranging from $5.88 to $6.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Lowe's Companies.
Lowe's Companies (NYSE:LOW) last posted its earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.13). The business had revenue of $15.49 billion for the quarter, compared to analyst estimates of $15.34 billion. Lowe's Companies had a return on equity of 65.17% and a net margin of 5.02%. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share.
A number of research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and issued a $103.00 price target on shares of Lowe's Companies in a research report on Friday, December 22nd. Gabelli assumed coverage on shares of Lowe's Companies in a research report on Wednesday, April 11th. They issued a “buy” rating and a $113.00 price target on the stock. Zacks Investment Research downgraded shares of Lowe's Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Wedbush restated a “hold” rating and issued a $80.00 price target (down previously from $85.00) on shares of Lowe's Companies in a research report on Thursday, March 1st. Finally, Loop Capital assumed coverage on shares of Lowe's Companies in a research report on Thursday, March 1st. They issued a “hold” rating and a $88.00 price target on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.44.
Hedge funds have recently made changes to their positions in the business. Almanack Investment Partners LLC. bought a new stake in Lowe's Companies during the 4th quarter valued at $106,000. Stonehearth Capital Management LLC bought a new stake in Lowe's Companies during the 4th quarter valued at $112,000. Truewealth LLC bought a new stake in Lowe's Companies during the 4th quarter valued at $128,000. Cerebellum GP LLC bought a new stake in shares of Lowe's Companies in the 4th quarter worth $129,000. Finally, Horan Capital Advisors LLC. bought a new stake in shares of Lowe's Companies in the 3rd quarter worth $134,000. Institutional investors and hedge funds own 73.80% of the company’s stock.
Shares of NYSE LOW opened at $86.06 on Friday. The company has a market capitalization of $71,570.91, a PE ratio of 19.60, a PEG ratio of 0.91 and a beta of 1.32. Lowe's Companies has a 52-week low of $70.76 and a 52-week high of $108.98. The company has a debt-to-equity ratio of 2.65, a quick ratio of 0.11 and a current ratio of 1.06.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Wednesday, April 25th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, April 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.91%. Lowe's Companies’s dividend payout ratio (DPR) is presently 37.36%.
Lowe's Companies announced that its Board of Directors has approved a share buyback plan on Friday, January 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the home improvement retailer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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About Lowe's Companies
Lowe's Companies, Inc operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.
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