Lowe’s Companies, Inc. (LOW) Releases FY18 Earnings Guidance
Lowe’s Companies, Inc. (NYSE:LOW) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.20-4.30 for the period, compared to the Thomson Reuters consensus estimate of $4.50. The company issued revenue guidance of +5% to $68.27 billion, compared to the consensus revenue estimate of $68.39 billion.
Lowe’s Companies, Inc. (LOW) opened at $79.56 on Thursday. Lowe’s Companies, Inc. has a 52-week low of $69.92 and a 52-week high of $86.25. The firm has a market cap of $67,453.83, a P/E ratio of 17.87, a PEG ratio of 1.28 and a beta of 1.13. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.19 and a current ratio of 1.02.
Lowe’s Companies (NYSE:LOW) last released its earnings results on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.03. Lowe’s Companies had a net margin of 5.16% and a return on equity of 66.27%. The firm had revenue of $16.77 billion during the quarter, compared to the consensus estimate of $16.59 billion. During the same period in the prior year, the firm earned $0.88 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. sell-side analysts anticipate that Lowe’s Companies, Inc. will post 4.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, January 23rd. Lowe’s Companies’s dividend payout ratio is currently 39.33%.
LOW has been the subject of a number of research reports. Zacks Investment Research raised shares of Lowe’s Companies from a sell rating to a hold rating in a research report on Monday, September 11th. J P Morgan Chase & Co reissued a neutral rating and set a $83.00 target price (down from $89.00) on shares of Lowe’s Companies in a research report on Thursday, August 24th. BMO Capital Markets reissued a hold rating and set a $82.00 target price on shares of Lowe’s Companies in a research report on Thursday, November 2nd. Longbow Research reissued a buy rating and set a $95.00 target price on shares of Lowe’s Companies in a research report on Monday, August 14th. Finally, Morgan Stanley dropped their price target on shares of Lowe’s Companies from $88.00 to $81.00 and set an overweight rating on the stock in a research note on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $86.97.
In related news, SVP Matthew V. Hollifield sold 7,853 shares of the stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $78.30, for a total transaction of $614,889.90. Following the transaction, the senior vice president now owns 30,750 shares of the company’s stock, valued at approximately $2,407,725. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Ramsay sold 2,098 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $78.02, for a total transaction of $163,685.96. Following the transaction, the insider now directly owns 8,400 shares in the company, valued at approximately $655,368. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.
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Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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