Lowe’s Cos. (NYSE:LOW) – Equities research analysts at SunTrust Banks cut their FY2017 EPS estimates for shares of Lowe’s Cos. in a report released on Wednesday. SunTrust Banks analyst K. Hughes now forecasts that the firm will post earnings of $3.91 per share for the year, down from their previous estimate of $4.01. SunTrust Banks also issued estimates for Lowe’s Cos.’s Q1 2018 earnings at $1.05 EPS, Q2 2018 earnings at $1.63 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $0.86 EPS and FY2018 earnings at $4.67 EPS.

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

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

LOW has been the subject of several other reports. JPMorgan Chase & Co. reissued a “buy” rating and issued a $89.00 target price on shares of Lowe’s Cos. in a research note on Tuesday, August 16th. Cleveland Research cut shares of Lowe’s Cos. from a “buy” rating to a “neutral” rating in a research note on Thursday, October 6th. BMO Capital Markets raised their target price on shares of Lowe’s Cos. from $76.43 to $86.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Zacks Investment Research cut shares of Lowe’s Cos. from a “buy” rating to a “hold” rating in a research note on Friday, August 19th. Finally, Vetr raised shares of Lowe’s Cos. from a “hold” rating to a “buy” rating and set a $72.18 target price for the company in a research note on Wednesday. Twelve research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $82.36.

Lowe’s Cos. (NYSE:LOW) opened at 69.31 on Friday. Lowe’s Cos. has a 52 week low of $62.62 and a 52 week high of $83.65. The firm has a market cap of $60.51 billion, a PE ratio of 25.44 and a beta of 1.25. The stock has a 50 day moving average of $69.73 and a 200-day moving average of $75.98.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 8th. Shareholders of record on Wednesday, January 25th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, January 23rd. Lowe’s Cos.’s dividend payout ratio (DPR) is presently 51.28%.

A number of institutional investors have recently modified their holdings of the stock. CWM LLC raised its position in shares of Lowe’s Cos. by 0.3% in the second quarter. CWM LLC now owns 1,264 shares of the home improvement retailer’s stock valued at $100,000 after buying an additional 4 shares during the period. Oakworth Capital Inc. raised its position in shares of Lowe’s Cos. by 0.5% in the third quarter. Oakworth Capital Inc. now owns 3,311 shares of the home improvement retailer’s stock valued at $239,000 after buying an additional 15 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Lowe’s Cos. by 0.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,006 shares of the home improvement retailer’s stock valued at $238,000 after buying an additional 19 shares during the period. Highland Private Wealth Management raised its position in shares of Lowe’s Cos. by 1.1% in the second quarter. Highland Private Wealth Management now owns 2,734 shares of the home improvement retailer’s stock valued at $217,000 after buying an additional 29 shares during the period. Finally, Aull & Monroe Investment Management Corp raised its position in shares of Lowe’s Cos. by 0.3% in the second quarter. Aull & Monroe Investment Management Corp now owns 9,892 shares of the home improvement retailer’s stock valued at $783,000 after buying an additional 30 shares during the period. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

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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