Lowe’s Plans Quarterly Dividend of $0.18 (LOW)

Lowe’s (NYSE:LOW) declared a quarterly dividend on Friday, May 31st, Analyst Ratings Network.com reports. Shareholders of record on Wednesday, July 24th will be given a dividend of $0.18 per share on Wednesday, August 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.71%.

Several analysts have also recently commented on the stock. Analysts at Nomura reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Wednesday, May 29th. On a related note, analysts at UBS AG reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Tuesday, May 28th. They now have a $48.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Lowe’s in a research note to investors on Thursday, May 23rd.

One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.08.

Shares of Lowe’s (NYSE: LOW) opened at 42.11 on Monday. Lowe’s has a one year low of $24.76 and a one year high of $43.84. The stock’s 50-day moving average is currently $40.42. The company has a market cap of $45.816 billion and a P/E ratio of 24.10.

Lowe’s (NYSE: LOW) last released its earnings data on Wednesday, May 22nd. The company reported $0.49 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.51 by $0.02. The company had revenue of $13.20 billion for the quarter, compared to the consensus estimate of $13.45 billion. During the same quarter last year, the company posted $0.44 earnings per share. Lowe’s’s revenue was down .5% compared to the same quarter last year. Lowe’s has set its FY14 guidance at ~$2.05 EPS. Analysts expect that Lowe’s will post $2.08 EPS for the current fiscal year.

Lowe’s Companies, Inc. (NYSE: LOW) is a home improvement retailer.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2017 Ticker Report. Google+.