Lowe’s Companies (LOW) Issues FY20 Earnings Guidance

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Lowe’s Companies (NYSE:LOW) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.00-6.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.90. Lowe’s Companies also updated its FY19 guidance to $5.08-5.13 EPS.

LOW stock traded up $2.63 during mid-day trading on Wednesday, hitting $92.11. 10,839,700 shares of the company were exchanged, compared to its average volume of 5,734,125. The firm has a market cap of $71.78 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.22 and a beta of 1.55. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.18. Lowe’s Companies has a twelve month low of $81.16 and a twelve month high of $117.70.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.06. The company had revenue of $17.42 billion during the quarter, compared to analyst estimates of $17.36 billion. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS. On average, sell-side analysts expect that Lowe’s Companies will post 5.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.08%. The ex-dividend date is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

LOW has been the subject of several recent analyst reports. SunTrust Banks raised shares of Lowe’s Companies from a hold rating to a buy rating and set a $55.00 price objective for the company in a report on Friday, September 28th. Morgan Stanley raised their price objective on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock an overweight rating in a report on Thursday, October 11th. Deutsche Bank set a $101.00 price target on shares of Lowe’s Companies and gave the stock a buy rating in a research report on Wednesday, November 21st. Robert W. Baird raised their price target on shares of Lowe’s Companies from $110.00 to $120.00 and gave the stock an outperform rating in a research report on Wednesday, August 22nd. Finally, Royal Bank of Canada raised their price target on shares of Lowe’s Companies to $118.00 and gave the stock an outperform rating in a research report on Thursday, August 23rd. Ten investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Lowe’s Companies has a consensus rating of Buy and a consensus price target of $109.54.

In related news, CFO Marshall A. Croom sold 15,735 shares of Lowe’s Companies stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value of $1,803,388.35. Following the sale, the chief financial officer now directly owns 63,099 shares in the company, valued at approximately $7,231,776.39. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Brian C. Rogers acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 23rd. The stock was purchased at an average price of $88.02 per share, for a total transaction of $880,200.00. Following the completion of the transaction, the director now owns 10,000 shares in the company, valued at $880,200. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

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Lowe’s Companies Company Profile

Lowe’s Cos., Inc engages in the retail sale of home improvement products. It 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.

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

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