Lowe’s Companies, Inc. (NYSE:LOW) – Investment analysts at Piper Jaffray Companies lifted their Q4 2020 earnings per share estimates for Lowe’s Companies in a research report issued on Thursday, August 8th. Piper Jaffray Companies analyst P. Keith now expects that the home improvement retailer will post earnings per share of $0.95 for the quarter, up from their prior estimate of $0.93. Piper Jaffray Companies also issued estimates for Lowe’s Companies’ Q1 2021 earnings at $1.50 EPS, Q4 2021 earnings at $1.10 EPS and FY2021 earnings at $6.57 EPS.
Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.11). Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The company had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.65 billion. During the same period in the previous year, the business posted $1.19 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.
Shares of LOW stock opened at $96.58 on Monday. The firm has a 50 day moving average of $102.18. 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 twelve month low of $84.75 and a twelve month high of $118.23. The company has a market cap of $77.16 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Tuesday, July 23rd. This is a positive change from Lowe’s Companies’s previous quarterly dividend of $0.48. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.
In other news, EVP Donald Frieson acquired 2,030 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The shares were bought at an average price of $98.69 per share, with a total value of $200,340.70. Following the acquisition, the executive vice president now owns 10,980 shares of the company’s stock, valued at $1,083,616.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marvin R. Ellison acquired 10,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of $95.05 per share, for a total transaction of $950,500.00. Following the acquisition, the insider now directly owns 80,090 shares in the company, valued at approximately $7,612,554.50. The disclosure for this purchase can be found here. Insiders have bought a total of 12,280 shares of company stock worth $1,174,566 in the last three months. 0.07% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new stake in Lowe’s Companies in the 1st quarter valued at $26,000. Icon Wealth Partners LLC acquired a new position in Lowe’s Companies in the first quarter worth $26,000. Next Capital Management LLC acquired a new position in Lowe’s Companies in the second quarter worth $27,000. Weaver Consulting Group acquired a new position in Lowe’s Companies in the first quarter worth $28,000. Finally, Knuff & Co LLC acquired a new position in Lowe’s Companies in the second quarter worth $29,000. 76.36% of the stock is currently owned by 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 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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