Lowe’s Cos. (LOW) to Release Earnings on Wednesday
Lowe’s Cos. (NYSE:LOW) will be releasing its Q316 earnings data on Wednesday, November 16th. Analysts expect Lowe’s Cos. to post earnings of $0.97 per share and revenue of $15.86 billion for the quarter. Lowe’s Cos. has set its FY17 guidance at $4.06 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Lowe’s Cos. (NYSE:LOW) last released its quarterly earnings results on Wednesday, August 17th. The home improvement retailer reported $1.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.41 by $0.04. Lowe’s Cos. had a net margin of 4.58% and a return on equity of 43.38%. The firm had revenue of $18.26 billion for the quarter, compared to analyst estimates of $18.42 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts expect Lowe’s Cos. to post $4.00 EPS for the current fiscal year and $4.66 EPS for the next fiscal year.
Shares of Lowe’s Cos. (NYSE:LOW) opened at 69.73 on Monday. Lowe’s Cos. has a 12-month low of $62.62 and a 12-month high of $83.65. The firm has a market cap of $60.99 billion, a price-to-earnings ratio of 22.60 and a beta of 1.25. The stock’s 50 day moving average is $69.73 and its 200-day moving average is $75.98.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 8th. Stockholders of record on Wednesday, January 25th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.01%. Lowe’s Cos.’s payout ratio is 45.16%.
Large investors have recently bought and sold shares of the company. Roble Belko & Company Inc increased its stake in Lowe’s Cos. by 966.9% in the second quarter. Roble Belko & Company Inc now owns 1,387 shares of the home improvement retailer’s stock worth $110,000 after buying an additional 1,257 shares in the last quarter. Invictus RG increased its stake in Lowe’s Cos. by 108.9% in the second quarter. Invictus RG now owns 1,473 shares of the home improvement retailer’s stock worth $117,000 after buying an additional 768 shares in the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in Lowe’s Cos. during the second quarter worth $127,000. Pinkerton Retirement Specialists LLC increased its stake in Lowe’s Cos. by 8,245.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,836 shares of the home improvement retailer’s stock worth $145,000 after buying an additional 1,814 shares in the last quarter. Finally, WFG Advisors LP increased its stake in Lowe’s Cos. by 12.0% in the second quarter. WFG Advisors LP now owns 2,478 shares of the home improvement retailer’s stock worth $196,000 after buying an additional 265 shares in the last quarter. 75.50% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $89.00 target price on shares of Lowe’s Cos. in a report on Tuesday, August 16th. Cleveland Research lowered shares of Lowe’s Cos. from a “buy” rating to a “neutral” rating in a report on Thursday, October 6th. BMO Capital Markets increased their price objective on shares of Lowe’s Cos. from $76.43 to $86.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. Zacks Investment Research lowered shares of Lowe’s Cos. from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Morgan Stanley set a $87.00 price objective on shares of Lowe’s Cos. and gave the stock a “buy” rating in a report on Friday, August 19th. Twelve investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.18.
Lowe’s Cos. Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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