Lowe’s Cos. (NYSE:LOW) – Research analysts at Jefferies Group decreased their FY2017 EPS estimates for shares of Lowe’s Cos. in a research report issued on Wednesday. Jefferies Group analyst D. Binder now expects that the brokerage will post earnings per share of $3.92 for the year, down from their previous estimate of $4.01. Jefferies Group also issued estimates for Lowe’s Cos.’s Q4 2017 earnings at $0.78 EPS, Q1 2018 earnings at $1.00 EPS, Q2 2018 earnings at $1.58 EPS, Q3 2018 earnings at $1.01 EPS, Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $4.44 EPS.

Lowe’s Cos. (NYSE:LOW) last released its earnings results on Wednesday, November 16th. The home improvement retailer reported $0.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by $0.08. Lowe’s Cos. had a return on equity of 46.46% and a net margin of 3.91%. The business had revenue of $15.70 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the previous year, the company earned $0.80 EPS. Lowe’s Cos.’s quarterly revenue was up 9.6% compared to the same quarter last year.

Earnings History and Estimates for Lowe`s Cos. (NYSE:LOW)

A number of other equities analysts have also issued reports on LOW. Vetr lowered shares of Lowe’s Cos. from a “buy” rating to a “hold” rating and set a $85.38 target price on the stock. in a research report on Thursday, July 28th. Stifel Nicolaus started coverage on shares of Lowe’s Cos. in a research report on Tuesday, August 2nd. They issued a “buy” rating and a $100.00 price objective on the stock. Cantor Fitzgerald reiterated a “hold” rating and issued a $70.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $89.00 price objective on shares of Lowe’s Cos. in a research report on Tuesday, August 16th. Finally, Argus reiterated a “buy” rating and issued a $90.00 price objective on shares of Lowe’s Cos. in a research report on Thursday, August 18th. Twelve equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Lowe’s Cos. presently has a consensus rating of “Buy” and a consensus target price of $82.36.

Lowe’s Cos. (NYSE:LOW) traded up 1.951% during midday trading on Friday, hitting $69.276. 7,201,517 shares of the stock were exchanged. The stock has a market cap of $60.48 billion, a P/E ratio of 25.432 and a beta of 1.25. Lowe’s Cos. has a one year low of $62.62 and a one year high of $83.65. The firm has a 50-day moving average price of $69.38 and a 200-day moving average price of $75.76.

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC raised its position in shares of Lowe’s Cos. by 5.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,921 shares of the home improvement retailer’s stock worth $231,000 after buying an additional 151 shares during the last quarter. First Financial Bank N.A. Trust Division raised its position in shares of Lowe’s Cos. by 2.3% in the second quarter. First Financial Bank N.A. Trust Division now owns 65,508 shares of the home improvement retailer’s stock worth $5,186,000 after buying an additional 1,481 shares during the last quarter. Boltwood Capital Management raised its position in shares of Lowe’s Cos. by 0.7% in the second quarter. Boltwood Capital Management now owns 30,270 shares of the home improvement retailer’s stock worth $2,396,000 after buying an additional 225 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. raised its position in shares of Lowe’s Cos. by 3.5% in the second quarter. Leith Wheeler Investment Counsel Ltd. now owns 2,526 shares of the home improvement retailer’s stock worth $260,000 after buying an additional 85 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in shares of Lowe’s Cos. by 8.2% in the second quarter. Fulton Bank N.A. now owns 3,409 shares of the home improvement retailer’s stock worth $270,000 after buying an additional 259 shares during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Investors of record on Wednesday, January 25th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is presently 51.28%.

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.

5 Day Chart for NYSE:LOW

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