Lowe’s Companies (NYSE:LOW) Releases Earnings Results, Beats Estimates By $0.06 EPS

Lowe’s Companies (NYSE:LOW) released its quarterly earnings results on Wednesday. The home improvement retailer reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06, RTT News reports. The business had revenue of $17.39 billion for the quarter, compared to the consensus estimate of $17.69 billion. Lowe’s Companies had a net margin of 3.52% and a return on equity of 111.09%. Lowe’s Companies’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 EPS. Lowe’s Companies updated its FY20 guidance to 5.63-5.70 EPS.

Shares of LOW opened at $113.40 on Wednesday. The company has a market capitalization of $89.16 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.51 and a beta of 1.29. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 7.80, a current ratio of 1.06 and a quick ratio of 0.19. The company’s fifty day moving average price is $111.48 and its 200 day moving average price is $105.77.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 5th. Investors of record on Wednesday, January 22nd will be issued a $0.55 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $2.20 annualized dividend and a yield of 1.94%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 42.80%.

In other Lowe’s Companies news, EVP Jennifer L. Weber sold 12,589 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $112.62, for a total value of $1,417,773.18. Following the sale, the executive vice president now directly owns 17,440 shares in the company, valued at approximately $1,964,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Matthew V. Hollifield sold 12,136 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $112.34, for a total transaction of $1,363,358.24. Following the completion of the sale, the chief accounting officer now owns 28,017 shares in the company, valued at $3,147,429.78. The disclosure for this sale can be found here. Company insiders own 0.07% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Nomura assumed coverage on shares of Lowe’s Companies in a report on Friday, November 8th. They set a “buy” rating and a $132.00 price target on the stock. Telsey Advisory Group raised their price target on shares of Lowe’s Companies from $116.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Credit Suisse Group upgraded shares of Lowe’s Companies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $114.00 to $129.00 in a report on Wednesday, November 6th. Oppenheimer raised their price target on shares of Lowe’s Companies from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, Robert W. Baird set a $127.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Wednesday, August 21st. Seven research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $123.42.

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

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