FY2021 EPS Estimates for Lowe’s Companies, Inc. (NYSE:LOW) Boosted by Piper Sandler
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.
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, dÃ©cor, 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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