Zacks: Brokerages Expect Lowe’s Companies, Inc. (NYSE:LOW) to Post $1.38 EPS

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Brokerages expect Lowe’s Companies, Inc. (NYSE:LOW) to post $1.38 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have issued estimates for Lowe’s Companies’ earnings. The highest EPS estimate is $1.47 and the lowest is $1.30. Lowe’s Companies reported earnings per share of $1.04 in the same quarter last year, which suggests a positive year-over-year growth rate of 32.7%. The company is expected to issue its next quarterly earnings results on Tuesday, November 19th.

According to Zacks, analysts expect that Lowe’s Companies will report full-year earnings of $5.58 per share for the current financial year, with EPS estimates ranging from $5.50 to $5.68. For the next fiscal year, analysts expect that the business will report earnings of $6.54 per share, with EPS estimates ranging from $6.28 to $6.92. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last released its earnings results on Wednesday, August 21st. The home improvement retailer reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $20.99 billion during the quarter, compared to the consensus estimate of $20.96 billion. Lowe’s Companies had a return on equity of 91.85% and a net margin of 3.31%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.07 earnings per share.

A number of equities research analysts recently commented on the company. Gabelli reaffirmed a “buy” rating on shares of Lowe’s Companies in a research note on Thursday, May 23rd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of Lowe’s Companies in a research note on Thursday. Bank of America set a $135.00 price objective on Lowe’s Companies and gave the stock a “buy” rating in a research note on Monday, May 27th. Barclays lifted their price objective on Lowe’s Companies from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, June 24th. Finally, Telsey Advisory Group lifted their price objective on Lowe’s Companies from $116.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $115.33.

In other news, insider Marvin R. Ellison purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were bought at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the completion of the acquisition, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Donald Frieson purchased 2,030 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was purchased at an average price of $98.69 per share, for a total transaction of $200,340.70. Following the completion of the acquisition, the executive vice president now owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 12,280 shares of company stock valued at $1,174,566. Insiders own 0.07% of the company’s stock.

Several institutional investors have recently modified their holdings of LOW. Advisors Preferred LLC bought a new stake in shares of Lowe’s Companies in the first quarter valued at about $26,000. Icon Wealth Partners LLC bought a new stake in shares of Lowe’s Companies in the first quarter valued at about $26,000. Next Capital Management LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at about $27,000. Weaver Consulting Group bought a new stake in shares of Lowe’s Companies in the first quarter valued at about $28,000. Finally, Knuff & Co LLC bought a new stake in shares of Lowe’s Companies in the second quarter valued at about $29,000. Institutional investors own 75.85% of the company’s stock.

Shares of LOW stock traded down $0.24 on Friday, reaching $107.76. 2,665,143 shares of the stock were exchanged, compared to its average volume of 4,716,743. The company has a debt-to-equity ratio of 6.37, a current ratio of 1.09 and a quick ratio of 0.24. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23. The stock has a 50 day moving average price of $101.52 and a 200 day moving average price of $103.63. The stock has a market cap of $74.42 billion, a PE ratio of 20.97, a P/E/G ratio of 1.25 and a beta of 1.36.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd will be paid a $0.55 dividend. The ex-dividend date is Tuesday, October 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 2.04%. Lowe’s Companies’s payout ratio is 42.80%.

About Lowe’s Companies

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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