Lowe’s Companies, Inc. (LOW) Scheduled to Post Quarterly Earnings on Wednesday
Lowe’s Companies, Inc. (NYSE:LOW) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $1.62 per share for the quarter.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 24th. The home improvement retailer reported $1.03 EPS for the quarter, missing the 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 business had revenue of $16.86 billion for the quarter, compared to analysts’ expectations of $16.99 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts expect Lowe’s Companies to post $4.62 EPS for the current fiscal year and $5.29 EPS for the next fiscal year.
Shares of Lowe’s Companies, Inc. (NYSE LOW) opened at 73.85 on Tuesday. The stock’s 50 day moving average price is $76.37 and its 200 day moving average price is $79.58. The stock has a market cap of $62.35 billion, a price-to-earnings ratio of 23.16 and a beta of 1.08. Lowe’s Companies, Inc. has a one year low of $64.87 and a one year high of $86.25. Lowe’s Companies also saw unusually large options trading activity on Monday. Stock investors acquired 6,466 put options on the stock. This represents an increase of 538% compared to the average volume of 1,014 put options.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, October 25th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a yield of 2.22%. Lowe’s Companies’s payout ratio is currently 51.57%.
In other Lowe’s Companies news, insider Richard D. Maltsbarger sold 11,672 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the transaction, the insider now owns 37,716 shares of the company’s stock, valued at $3,024,823.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.
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Several research firms have recently commented on LOW. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target on the stock. in a research report on Monday, May 8th. BMO Capital Markets reiterated a “buy” rating and issued a $89.00 price target on shares of Lowe’s Companies in a research report on Friday, May 5th. Credit Suisse Group set a $94.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC increased their price target on shares of Lowe’s Companies from $80.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, May 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $85.69.
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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