$23.10 Billion in Sales Expected for Lowe’s Companies, Inc. (NYSE:LOW) This Quarter


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Equities analysts expect Lowe’s Companies, Inc. (NYSE:LOW) to announce sales of $23.10 billion for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Lowe’s Companies’ earnings, with estimates ranging from $22.04 billion to $24.24 billion. Lowe’s Companies posted sales of $19.68 billion in the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The business is expected to announce its next earnings results on Wednesday, May 19th.

According to Zacks, analysts expect that Lowe’s Companies will report full year sales of $87.35 billion for the current fiscal year, with estimates ranging from $86.24 billion to $90.11 billion. For the next fiscal year, analysts forecast that the firm will post sales of $89.10 billion, with estimates ranging from $84.32 billion to $92.86 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last announced its earnings results on Tuesday, February 23rd. The home improvement retailer reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.12. Lowe’s Companies had a return on equity of 211.33% and a net margin of 6.29%. The company had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.54 billion. During the same quarter last year, the company earned $0.94 earnings per share.

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Lowe’s Companies from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, March 29th. They noted that the move was a valuation call. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of Lowe’s Companies from $195.00 to $239.00 and gave the stock a “buy” rating in a research report on Tuesday. Loop Capital lifted their price objective on shares of Lowe’s Companies from $195.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, April 19th. JPMorgan Chase & Co. lifted their price target on Lowe’s Companies from $177.00 to $204.00 and gave the company a “neutral” rating in a research note on Monday, April 26th. Finally, Royal Bank of Canada increased their target price on shares of Lowe’s Companies from $203.00 to $206.00 in a report on Thursday, February 25th. Six investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $184.80.

In other news, Director David H. Batchelder bought 6,250 shares of the company’s stock in a transaction on Friday, February 26th. The shares were purchased at an average price of $159.48 per share, with a total value of $996,750.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.07% of the company’s stock.

Large investors have recently made changes to their positions in the business. Tortoise Investment Management LLC increased its holdings in Lowe’s Companies by 208.0% during the fourth quarter. Tortoise Investment Management LLC now owns 154 shares of the home improvement retailer’s stock worth $25,000 after buying an additional 104 shares during the last quarter. RWM Asset Management LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $26,000. DB Wealth Management Group LLC purchased a new stake in shares of Lowe’s Companies during the 4th quarter worth approximately $31,000. Perennial Advisors LLC bought a new stake in shares of Lowe’s Companies in the 4th quarter worth approximately $32,000. Finally, Chiron Capital Management LLC purchased a new position in Lowe’s Companies in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 76.11% of the company’s stock.

Shares of LOW stock traded up $1.10 on Thursday, hitting $200.30. The company’s stock had a trading volume of 3,633,869 shares, compared to its average volume of 4,031,901. Lowe’s Companies has a fifty-two week low of $106.20 and a fifty-two week high of $208.98. The company has a debt-to-equity ratio of 5.20, a quick ratio of 0.57 and a current ratio of 1.38. The stock’s 50 day moving average is $192.90 and its 200-day moving average is $171.72. The company has a market capitalization of $143.65 billion, a PE ratio of 27.94, a PEG ratio of 1.18 and a beta of 1.37.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 5th. Investors of record on Wednesday, April 21st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, April 20th. Lowe’s Companies’s dividend payout ratio (DPR) is presently 41.96%.

About Lowe’s Companies

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 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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