Wall Street analysts expect Lowe’s Companies, Inc. (NYSE:LOW) to report earnings of $1.62 per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Lowe’s Companies’ earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.67. Lowe’s Companies reported earnings of $1.37 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, August 23rd.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.58 to $4.67. For the next fiscal year, analysts expect that the firm will report earnings of $5.24 per share, with EPS estimates ranging from $5.12 to $5.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, May 24th. The home improvement retailer reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.06 by $0.03. Lowe’s Companies had a net margin of 4.22% and a return on equity of 56.78%. The company had revenue of $16.86 billion for the quarter, compared to the consensus estimate of $16.99 billion. During the same period in the prior year, the firm posted $0.87 EPS. The business’s revenue was up 10.7% on a year-over-year basis.

Several research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $89.00 target price (down from $94.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Wolfe Research restated an “outperform” rating and issued a $94.00 target price (down from $95.00) on shares of Lowe’s Companies in a research note on Sunday, May 28th. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Stifel Nicolaus decreased their target price on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, May 25th. Finally, Oppenheimer Holdings, Inc. set a $100.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.62.

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In other news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the completion of the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marshall A. Croom sold 12,700 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $82.14, for a total transaction of $1,043,178.00. Following the transaction, the chief financial officer now owns 53,479 shares of the company’s stock, valued at approximately $4,392,765.06. The disclosure for this sale can be found here. Insiders have sold 41,524 shares of company stock valued at $3,385,050 in the last 90 days. Insiders own 0.11% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in LOW. Vanguard Group Inc. raised its position in Lowe’s Companies by 4.3% in the first quarter. Vanguard Group Inc. now owns 63,871,103 shares of the home improvement retailer’s stock valued at $5,250,843,000 after buying an additional 2,650,045 shares in the last quarter. BlackRock Inc. raised its position in Lowe’s Companies by 1,757.3% in the first quarter. BlackRock Inc. now owns 61,377,883 shares of the home improvement retailer’s stock valued at $5,045,875,000 after buying an additional 58,073,138 shares in the last quarter. State Street Corp raised its position in Lowe’s Companies by 2.4% in the fourth quarter. State Street Corp now owns 42,279,456 shares of the home improvement retailer’s stock valued at $3,006,918,000 after buying an additional 986,519 shares in the last quarter. Macquarie Group Ltd. raised its position in Lowe’s Companies by 3.5% in the fourth quarter. Macquarie Group Ltd. now owns 10,262,823 shares of the home improvement retailer’s stock valued at $729,892,000 after buying an additional 349,148 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Lowe’s Companies by 8.2% in the first quarter. Geode Capital Management LLC now owns 8,848,938 shares of the home improvement retailer’s stock valued at $726,481,000 after buying an additional 671,581 shares in the last quarter. Institutional investors and hedge funds own 75.30% of the company’s stock.

Lowe’s Companies (NYSE:LOW) traded up 0.83% during mid-day trading on Friday, hitting $76.70. 5,210,783 shares of the stock traded hands. The stock has a 50-day moving average price of $82.09 and a 200-day moving average price of $78.46. The stock has a market cap of $64.75 billion, a P/E ratio of 24.05 and a beta of 1.08. Lowe’s Companies has a 12 month low of $64.87 and a 12 month high of $86.25.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 9th. Shareholders of record on Wednesday, July 26th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, July 24th. Lowe’s Companies’s dividend payout ratio is 44.03%.

About Lowe’s Companies

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

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