Lowe’s Companies, Inc. (NYSE:LOW) Expected to Post Earnings of $1.22 Per Share


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Wall Street brokerages expect Lowe’s Companies, Inc. (NYSE:LOW) to announce $1.22 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Lowe’s Companies’ earnings, with the highest EPS estimate coming in at $1.37 and the lowest estimate coming in at $1.13. Lowe’s Companies reported earnings of $0.94 per share during the same quarter last year, which would indicate a positive year over year growth rate of 29.8%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, February 24th.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $8.75 per share for the current year, with EPS estimates ranging from $8.65 to $8.89. For the next year, analysts expect that the firm will report earnings of $9.29 per share, with EPS estimates ranging from $8.50 to $9.90. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Lowe’s Companies.

Several equities analysts have issued reports on LOW shares. Morgan Stanley lifted their price objective on Lowe’s Companies from $190.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, December 4th. Royal Bank of Canada dropped their target price on Lowe’s Companies from $186.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, November 19th. Truist reaffirmed a “buy” rating and set a $178.00 price objective on shares of Lowe’s Companies in a research note on Friday, November 20th. Zacks Investment Research cut Lowe’s Companies from a “buy” rating to a “hold” rating and set a $166.00 price objective for the company. in a research note on Thursday, November 12th. Finally, Wells Fargo & Company lifted their price objective on Lowe’s Companies from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, February 18th. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $172.42.

LOW traded down $4.98 during trading on Tuesday, hitting $167.43. The company’s stock had a trading volume of 285,215 shares, compared to its average volume of 3,671,564. The firm’s 50 day moving average price is $171.38 and its two-hundred day moving average price is $164.04. The company has a quick ratio of 0.57, a current ratio of 1.38 and a debt-to-equity ratio of 5.20. Lowe’s Companies has a 12 month low of $60.00 and a 12 month high of $180.67. The stock has a market capitalization of $122.68 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37.

A number of hedge funds and other institutional investors have recently modified their holdings of LOW. Fiduciary Trust Co. increased its stake in shares of Lowe’s Companies by 5.4% in the fourth quarter. Fiduciary Trust Co. now owns 95,752 shares of the home improvement retailer’s stock valued at $15,369,000 after buying an additional 4,924 shares during the period. Global Trust Asset Management LLC boosted its stake in shares of Lowe’s Companies by 3.2% in the 4th quarter. Global Trust Asset Management LLC now owns 18,137 shares of the home improvement retailer’s stock valued at $2,911,000 after purchasing an additional 565 shares during the last quarter. Tennessee Valley Asset Management Partners increased its position in shares of Lowe’s Companies by 100.3% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 9,020 shares of the home improvement retailer’s stock worth $1,448,000 after buying an additional 4,517 shares during the period. O Shares Investment Advisers LLC lifted its holdings in Lowe’s Companies by 9.9% in the fourth quarter. O Shares Investment Advisers LLC now owns 23,875 shares of the home improvement retailer’s stock valued at $3,832,000 after buying an additional 2,147 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Lowe’s Companies by 60.9% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,698 shares of the home improvement retailer’s stock valued at $1,909,000 after buying an additional 1,399 shares during the period. 76.11% of the stock is owned by hedge funds and other institutional investors.

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 appliances, décor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.

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

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