Lowe’s Companies, Inc. (NYSE:LOW) – Investment analysts at Piper Jaffray Companies dropped their Q3 2020 earnings estimates for Lowe’s Companies in a research note issued to investors on Wednesday, May 22nd. Piper Jaffray Companies analyst P. Keith now expects that the home improvement retailer will post earnings of $1.43 per share for the quarter, down from their prior forecast of $1.52. Piper Jaffray Companies also issued estimates for Lowe’s Companies’ FY2020 earnings at $5.59 EPS, Q1 2021 earnings at $1.42 EPS, Q3 2021 earnings at $1.64 EPS and FY2021 earnings at $6.56 EPS.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.11). The firm 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 company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 earnings per share.

A number of other analysts have also weighed in on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 price target on shares of Lowe’s Companies in a research note on Friday. Gabelli reaffirmed a “buy” rating on shares of Lowe’s Companies in a research note on Thursday. Morgan Stanley set a $123.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a research note on Thursday. UBS Group reduced their price target on shares of Lowe’s Companies from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wedbush reduced their price target on shares of Lowe’s Companies from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday. Nine equities 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 NYSE:LOW opened at $94.80 on Friday. The company has a market capitalization of $75.49 billion, a PE ratio of 18.44, a P/E/G ratio of 1.30 and a beta of 1.26. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23. The company has a quick ratio of 0.11, a current ratio of 0.98 and a debt-to-equity ratio of 3.95.

Hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $26,000. Icon Wealth Partners LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $26,000. Clarfeld Financial Advisors LLC acquired a new stake in Lowe’s Companies during the fourth quarter valued at approximately $26,000. Prime Capital Investment Advisors LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $33,000. Finally, Premia Global Advisors LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $36,000. 75.53% of the stock is owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.03%. The ex-dividend date was Tuesday, April 23rd. Lowe’s Companies’s dividend payout ratio 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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