Lowe’s Companies, Inc. (NYSE:LOW) – Stock analysts at SunTrust Banks increased their FY2020 earnings per share estimates for shares of Lowe’s Companies in a research report issued to clients and investors on Wednesday, August 21st. SunTrust Banks analyst K. Hughes now forecasts that the home improvement retailer will post earnings of $5.70 per share for the year, up from their prior estimate of $5.57. SunTrust Banks has a “Buy” rating and a $120.00 price objective on the stock. SunTrust Banks also issued estimates for Lowe’s Companies’ Q4 2020 earnings at $0.92 EPS, Q2 2021 earnings at $2.38 EPS, Q4 2021 earnings at $1.03 EPS and FY2021 earnings at $6.41 EPS.
Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $20.99 billion for the quarter, compared to analysts’ expectations of $20.96 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.07 EPS.
Shares of LOW stock opened at $106.39 on Friday. The company’s 50-day moving average price is $101.70 and its 200-day moving average price is $103.74. The company has a current ratio of 1.06, a quick ratio of 0.24 and a debt-to-equity ratio of 7.80. The stock has a market cap of $84.55 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 1.42 and a beta of 1.36. Lowe’s Companies has a twelve month low of $84.75 and a twelve month high of $118.23.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.07%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.
In other Lowe’s Companies news, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were bought at an average cost of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the purchase, the executive vice president now directly owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.07% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of LOW. Advisors Preferred LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth approximately $26,000. Icon Wealth Partners LLC purchased a new stake in shares of Lowe’s Companies during the first quarter worth approximately $26,000. Next Capital Management LLC purchased a new stake in shares of Lowe’s Companies during the second quarter worth approximately $27,000. Weaver Consulting Group purchased a new stake in shares of Lowe’s Companies during the first quarter worth approximately $28,000. Finally, Knuff & Co LLC purchased a new stake in shares of Lowe’s Companies during the second quarter worth approximately $29,000. Institutional investors own 75.85% of the company’s stock.
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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