FY2025 Earnings Forecast for Lowe’s Companies, Inc. Issued By KeyCorp (NYSE:LOW)

Lowe’s Companies, Inc. (NYSE:LOW – Get Rating) – Equities researchers at KeyCorp lowered their FY2025 EPS estimates for Lowe’s Companies in a report issued on Tuesday, May 23rd. KeyCorp analyst B. Thomas now forecasts that the home improvement retailer will earn $14.20 per share for the year, down from their prior estimate of $14.60. The consensus estimate for Lowe’s Companies’ current full-year earnings is $13.46 per share.

Other analysts have also issued reports about the stock. 888 reaffirmed a “maintains” rating on shares of Lowe’s Companies in a research note on Wednesday, May 17th. Morgan Stanley reissued an “overweight” rating and issued a $235.00 price target on shares of Lowe’s Companies in a research report on Monday, February 13th. TD Cowen reduced their price target on shares of Lowe’s Companies from $220.00 to $210.00 and set a “market perform” rating for the company in a research report on Thursday, March 2nd. Barclays reduced their price target on shares of Lowe’s Companies from $215.00 to $212.00 in a research report on Wednesday. Finally, StockNews.com began coverage on shares of Lowe’s Companies in a research report on Thursday, May 18th. They issued a “buy” rating for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $222.23.

Lowe’s Companies Trading Down 1.3 %

LOW stock opened at $201.04 on Friday. Lowe’s Companies has a one year low of $170.12 and a one year high of $223.31. The firm has a market capitalization of $119.89 billion, a PE ratio of 19.58, a P/E/G ratio of 1.20 and a beta of 1.09. The firm has a 50-day moving average of $201.92 and a two-hundred day moving average of $204.19.

Lowe’s Companies (NYSE:LOW – Get Rating) last posted its quarterly earnings data on Tuesday, May 23rd. The home improvement retailer reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.48 by $0.19. Lowe’s Companies had a net margin of 6.65% and a negative return on equity of 68.42%. The company had revenue of $22.35 billion during the quarter, compared to analyst estimates of $21.68 billion. During the same period in the prior year, the firm earned $3.51 earnings per share. The business’s quarterly revenue was down 5.5% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LOW. Standard Family Office LLC bought a new position in shares of Lowe’s Companies in the third quarter valued at about $26,000. Legend Financial Advisors Inc. bought a new position in shares of Lowe’s Companies in the third quarter valued at about $26,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Lowe’s Companies by 357.1% in the first quarter. Ritter Daniher Financial Advisory LLC DE now owns 128 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Blume Capital Management Inc. increased its position in Lowe’s Companies by 70.6% in the third quarter. Blume Capital Management Inc. now owns 145 shares of the home improvement retailer’s stock worth $27,000 after purchasing an additional 60 shares during the period. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Lowe’s Companies in the fourth quarter worth about $28,000. 72.62% of the stock is owned by institutional investors.

Insider Buying and Selling at Lowe’s Companies

In other Lowe’s Companies news, EVP Donald Frieson sold 9,411 shares of Lowe’s Companies stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $197.00, for a total transaction of $1,853,967.00. Following the completion of the transaction, the executive vice president now directly owns 17,888 shares of the company’s stock, valued at $3,523,936. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.26% of the company’s stock.

Lowe’s Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Shareholders of record on Wednesday, April 26th were issued a dividend of $1.05 per share. The ex-dividend date was Tuesday, April 25th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.09%. Lowe’s Companies’s payout ratio is presently 40.90%.

About Lowe’s Companies

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Lowe’s Cos., Inc engages in the retail sale of home improvement products. The firm offers products for maintenance, repair, remodeling, home decorating and property maintenance. It also provides home improvement products in the following categories: appliances, bathroom, building supply, electrical, flooring, hardware, paint, kitchen, plumbing, lighting & fans, outdoor living, windows and doors.