Lowe’s Companies, Inc. (NYSE:LOW) – Equities researchers at Gabelli decreased their FY2020 earnings per share estimates for shares of Lowe’s Companies in a report released on Thursday, May 23rd. Gabelli analyst A. Lacayo now forecasts that the home improvement retailer will post earnings of $5.55 per share for the year, down from their previous forecast of $6.00. Gabelli currently has a “Buy” rating on the stock. Gabelli also issued estimates for Lowe’s Companies’ FY2021 earnings at $6.50 EPS and FY2024 earnings at $9.05 EPS.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.65 billion. Lowe’s Companies had a net margin of 3.24% and a return on equity of 80.91%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 EPS.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price objective on shares of Lowe’s Companies from $115.00 to $123.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. UBS Group cut their price objective on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Thursday. ValuEngine lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Wedbush cut their price objective on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price objective on shares of Lowe’s Companies in a research report on Friday. Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Lowe’s Companies has an average rating of “Buy” and a consensus price target of $113.35.

Shares of LOW opened at $95.37 on Friday. The stock has a market cap of $75.91 billion, a PE ratio of 18.55, a P/E/G ratio of 1.30 and a beta of 1.26. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11. Lowe’s Companies has a 52 week low of $84.75 and a 52 week high of $118.23.

Large investors have recently bought and sold shares of the stock. Clarfeld Financial Advisors LLC bought a new stake in Lowe’s Companies during the fourth quarter worth about $26,000. Advisors Preferred LLC bought a new stake in Lowe’s Companies during the first quarter worth about $26,000. Icon Wealth Partners LLC bought a new stake in Lowe’s Companies during the first quarter worth about $26,000. Prime Capital Investment Advisors LLC bought a new stake in Lowe’s Companies during the first quarter worth about $33,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Lowe’s Companies by 117.4% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 337 shares of the home improvement retailer’s stock worth $36,000 after buying an additional 182 shares during the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.01%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

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 lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens.

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

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