Brokerages predict that Lowe’s Companies, Inc. (NYSE:LOWGet Rating) will report sales of $28.33 billion for the current fiscal quarter, Zacks reports. Ten analysts have issued estimates for Lowe’s Companies’ earnings. The lowest sales estimate is $27.99 billion and the highest is $28.67 billion. Lowe’s Companies reported sales of $27.57 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.8%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Lowe’s Companies will report full-year sales of $97.87 billion for the current financial year, with estimates ranging from $96.94 billion to $98.77 billion. For the next fiscal year, analysts forecast that the firm will report sales of $99.43 billion, with estimates ranging from $96.94 billion to $101.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Lowe’s Companies.

Lowe’s Companies (NYSE:LOWGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The home improvement retailer reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.29. The firm had revenue of $23.66 billion during the quarter, compared to analysts’ expectations of $23.72 billion. Lowe’s Companies had a net margin of 8.85% and a negative return on equity of 251.50%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.21 earnings per share.

LOW has been the subject of a number of research reports. StockNews.com lowered shares of Lowe’s Companies from a “buy” rating to a “hold” rating in a research report on Sunday. Wells Fargo & Company dropped their target price on shares of Lowe’s Companies from $295.00 to $260.00 and set an “overweight” rating for the company in a research report on Thursday, April 7th. OTR Global lowered shares of Lowe’s Companies to a “positive” rating in a research report on Tuesday, May 10th. Piper Sandler upped their target price on shares of Lowe’s Companies to $246.00 and gave the stock an “underweight” rating in a research report on Thursday, May 19th. Finally, Jefferies Financial Group dropped their target price on shares of Lowe’s Companies from $290.00 to $238.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Lowe’s Companies currently has an average rating of “Buy” and a consensus target price of $243.84.

Shares of NYSE:LOW opened at $199.63 on Monday. The firm has a fifty day moving average price of $201.37 and a 200 day moving average price of $226.10. Lowe’s Companies has a fifty-two week low of $179.22 and a fifty-two week high of $263.31. The firm has a market cap of $131.98 billion, a price-to-earnings ratio of 16.27, a P/E/G ratio of 1.18 and a beta of 1.25.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 3rd. Stockholders of record on Wednesday, July 20th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 2.10%. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.80. Lowe’s Companies’s dividend payout ratio is currently 26.08%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Camden National Bank increased its stake in Lowe’s Companies by 17.1% in the 4th quarter. Camden National Bank now owns 2,291 shares of the home improvement retailer’s stock worth $368,000 after buying an additional 335 shares during the period. Morgan Stanley increased its stake in Lowe’s Companies by 3.7% in the 2nd quarter. Morgan Stanley now owns 5,670,692 shares of the home improvement retailer’s stock worth $1,099,945,000 after buying an additional 201,647 shares during the period. Assetmark Inc. increased its stake in Lowe’s Companies by 0.5% in the 3rd quarter. Assetmark Inc. now owns 9,970 shares of the home improvement retailer’s stock worth $2,022,000 after buying an additional 47 shares during the period. Ibex Wealth Advisors increased its stake in Lowe’s Companies by 38.6% in the 3rd quarter. Ibex Wealth Advisors now owns 1,642 shares of the home improvement retailer’s stock worth $333,000 after buying an additional 457 shares during the period. Finally, Greenleaf Trust increased its stake in Lowe’s Companies by 0.7% in the 3rd quarter. Greenleaf Trust now owns 14,142 shares of the home improvement retailer’s stock worth $2,869,000 after buying an additional 99 shares during the period. 75.46% of the stock is currently owned by institutional investors and hedge funds.

About Lowe’s Companies (Get Rating)

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States and internationally. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, lighting, and electrical.

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



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