Equities research analysts forecast that Lowe’s Companies, Inc. (NYSE:LOW) will report earnings of $2.02 per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $2.13 and the lowest is $1.92. Lowe’s Companies posted earnings of $1.57 per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.7%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, August 22nd.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $5.44 per share for the current year, with EPS estimates ranging from $5.34 to $5.50. For the next financial year, analysts anticipate that the company will post earnings of $6.03 per share, with EPS estimates ranging from $5.61 to $6.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 23rd. The home improvement retailer reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). The firm had revenue of $17.36 billion for the quarter, compared to analysts’ expectations of $17.44 billion. Lowe’s Companies had a net margin of 5.55% and a return on equity of 66.36%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS.

A number of brokerages have recently weighed in on LOW. Zacks Investment Research lowered Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Credit Suisse Group set a $111.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Wednesday, May 23rd. Wells Fargo & Co restated a “buy” rating and set a $100.00 price objective on shares of Lowe’s Companies in a research report on Tuesday, May 22nd. Morgan Stanley set a $115.00 price objective on Lowe’s Companies and gave the company a “buy” rating in a research report on Thursday, May 24th. Finally, Royal Bank of Canada lifted their price target on Lowe’s Companies to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, May 24th. Nine research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $103.00.

Shares of Lowe’s Companies stock traded up $0.30 during trading on Tuesday, reaching $97.98. 2,575,841 shares of the stock traded hands, compared to its average volume of 5,906,393. The firm has a market cap of $80.24 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.18 and a beta of 1.32. The company has a quick ratio of 0.18, a current ratio of 1.02 and a debt-to-equity ratio of 2.60. Lowe’s Companies has a 52-week low of $70.76 and a 52-week high of $108.98.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.96%. Lowe’s Companies’s payout ratio is currently 43.74%.

In other Lowe’s Companies news, SVP Matthew V. Hollifield sold 12,362 shares of the firm’s stock in a transaction dated Friday, June 8th. The shares were sold at an average price of $99.56, for a total value of $1,230,760.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of LOW. Ironsides Asset Advisors LLC raised its stake in Lowe’s Companies by 698.3% in the second quarter. Ironsides Asset Advisors LLC now owns 8,327,089 shares of the home improvement retailer’s stock worth $98,637,000 after buying an additional 7,284,000 shares in the last quarter. Boston Partners raised its stake in Lowe’s Companies by 382.4% in the second quarter. Boston Partners now owns 4,784,235 shares of the home improvement retailer’s stock worth $457,230,000 after buying an additional 3,792,479 shares in the last quarter. Winslow Capital Management LLC bought a new position in Lowe’s Companies in the second quarter worth approximately $303,908,000. Charles Schwab Investment Advisory Inc. bought a new position in Lowe’s Companies in the second quarter worth approximately $266,540,000. Finally, Artisan Partners Limited Partnership bought a new position in Lowe’s Companies in the second quarter worth approximately $206,665,000. 75.48% of the stock is owned by hedge funds and other institutional investors.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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