Equities research analysts predict that Lowe's Companies, Inc. (NYSE:LOW) will post sales of $15.29 billion for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Lowe's Companies’ earnings. The lowest sales estimate is $15.02 billion and the highest is $15.53 billion. Lowe's Companies posted sales of $15.78 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.1%. The firm is expected to report its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that Lowe's Companies will report full year sales of $15.29 billion for the current fiscal year, with estimates ranging from $68.14 billion to $68.67 billion. For the next year, analysts forecast that the business will report sales of $71.14 billion per share, with estimates ranging from $70.44 billion to $71.85 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Lowe's Companies.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings data on Tuesday, November 21st. The home improvement retailer reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.03. The firm had revenue of $16.77 billion for the quarter, compared to analyst estimates of $16.59 billion. Lowe's Companies had a net margin of 5.16% and a return on equity of 66.27%. Lowe's Companies’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS.
Shares of Lowe's Companies (NYSE LOW) opened at $104.95 on Friday. The stock has a market cap of $87,080.00, a PE ratio of 25.23, a P/E/G ratio of 1.52 and a beta of 1.14. Lowe's Companies has a fifty-two week low of $70.76 and a fifty-two week high of $105.60. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.02 and a quick ratio of 0.12.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Wednesday, January 24th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, January 23rd. Lowe's Companies’s dividend payout ratio is presently 39.42%.
In other news, insider Nelson B. Peace sold 3,352 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $80.20, for a total transaction of $268,830.40. Following the completion of the transaction, the insider now directly owns 4,650 shares of the company’s stock, valued at $372,930. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Summit Global Investments acquired a new position in Lowe's Companies in the second quarter valued at approximately $1,421,000. Ffcm LLC boosted its holdings in Lowe's Companies by 6.4% in the second quarter. Ffcm LLC now owns 30,895 shares of the home improvement retailer’s stock valued at $2,395,000 after purchasing an additional 1,853 shares in the last quarter. Burney Co. boosted its holdings in Lowe's Companies by 3.9% in the second quarter. Burney Co. now owns 145,724 shares of the home improvement retailer’s stock valued at $11,162,000 after purchasing an additional 5,453 shares in the last quarter. PGGM Investments boosted its holdings in Lowe's Companies by 45.8% in the third quarter. PGGM Investments now owns 986,226 shares of the home improvement retailer’s stock valued at $78,839,000 after purchasing an additional 309,870 shares in the last quarter. Finally, FIL Ltd boosted its holdings in Lowe's Companies by 8.6% in the second quarter. FIL Ltd now owns 1,972,527 shares of the home improvement retailer’s stock valued at $152,931,000 after purchasing an additional 155,662 shares in the last quarter. 73.13% of the stock is owned by institutional investors and hedge funds.
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About Lowe's Companies
Lowe’s Companies, Inc (Lowe’s) is a home improvement company. The Company operates approximately 2,370 home improvement and hardware stores. The Company offers a range of products for maintenance, repair, remodeling and decorating. The Company offers home improvement products in categories, including Lumber and Building Materials; Tools and Hardware; Appliances; Fashion Fixtures; Rough Plumbing and Electrical; Lawn and Garden; Seasonal and Outdoor Living; Paint; Flooring; Millwork, and Kitchens.
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