Lowe’s Companies, Inc. (NYSE:LOW) – Equities research analysts at Piper Sandler lifted their FY2021 earnings per share estimates for Lowe’s Companies in a research note issued on Wednesday, November 18th. Piper Sandler analyst P. Keith now forecasts that the home improvement retailer will post earnings of $8.71 per share for the year, up from their prior forecast of $8.68. Piper Sandler also issued estimates for Lowe’s Companies’ Q4 2021 earnings at $1.19 EPS, Q1 2022 earnings at $2.25 EPS, Q4 2022 earnings at $1.54 EPS, Q1 2023 earnings at $2.53 EPS, Q2 2023 earnings at $3.49 EPS, Q3 2023 earnings at $2.21 EPS and FY2023 earnings at $10.02 EPS.

Lowe’s Companies (NYSE:LOW) last issued its earnings results on Tuesday, November 17th. The home improvement retailer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. Lowe’s Companies had a net margin of 7.12% and a return on equity of 228.17%. During the same period in the prior year, the business earned $1.41 EPS.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $165.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Robert W. Baird lifted their target price on shares of Lowe’s Companies from $175.00 to $190.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. KeyCorp boosted their price objective on shares of Lowe’s Companies from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, October 21st. Exane BNP Paribas assumed coverage on shares of Lowe’s Companies in a research report on Monday, October 5th. They set a “neutral” rating and a $159.00 price objective on the stock. Finally, Wedbush boosted their price objective on shares of Lowe’s Companies from $125.00 to $180.00 and gave the company an “outperform” rating in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and an average target price of $169.63.

Shares of NYSE LOW opened at $149.93 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.30 and a debt-to-equity ratio of 4.64. Lowe’s Companies has a 52 week low of $60.00 and a 52 week high of $180.67. The firm’s fifty day moving average is $166.46 and its 200 day moving average is $147.82. The company has a market cap of $113.31 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.22 and a beta of 1.52.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 3rd. Investors of record on Wednesday, January 20th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Tuesday, January 19th. Lowe’s Companies’s payout ratio is 41.96%.

In other Lowe’s Companies news, EVP Ross W. Mccanless sold 62,838 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $168.33, for a total transaction of $10,577,520.54. Following the transaction, the executive vice president now owns 72,967 shares in the company, valued at approximately $12,282,535.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.07% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LOW. Financial Management Professionals Inc. purchased a new stake in shares of Lowe’s Companies during the 2nd quarter valued at about $32,000. Nwam LLC increased its holdings in Lowe’s Companies by 1.5% in the 2nd quarter. Nwam LLC now owns 5,506 shares of the home improvement retailer’s stock worth $744,000 after acquiring an additional 82 shares in the last quarter. Vantage Investment Partners LLC increased its holdings in Lowe’s Companies by 4.1% in the 2nd quarter. Vantage Investment Partners LLC now owns 90,470 shares of the home improvement retailer’s stock worth $12,224,000 after acquiring an additional 3,604 shares in the last quarter. FDx Advisors Inc. increased its holdings in Lowe’s Companies by 15.4% in the 2nd quarter. FDx Advisors Inc. now owns 28,377 shares of the home improvement retailer’s stock worth $3,834,000 after acquiring an additional 3,784 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new stake in Lowe’s Companies in the 2nd quarter worth approximately $129,000. Institutional investors and hedge funds own 74.63% of the company’s stock.

Lowe’s Companies Company Profile

Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States, Canada, and Mexico. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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