Jefferies Financial Group Weighs in on Lowe’s Companies, Inc.’s Q4 2019 Earnings (LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Stock analysts at Jefferies Financial Group increased their Q4 2019 earnings per share (EPS) estimates for Lowe’s Companies in a note issued to investors on Monday, November 5th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the home improvement retailer will post earnings of $0.92 per share for the quarter, up from their prior forecast of $0.91. Jefferies Financial Group has a “Buy” rating and a $126.00 price target on the stock.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.05. Lowe’s Companies had a net margin of 5.58% and a return on equity of 71.96%. The company had revenue of $20.89 billion during the quarter, compared to analysts’ expectations of $20.79 billion. During the same quarter in the prior year, the company posted $1.57 EPS. The business’s revenue was up 7.1% on a year-over-year basis.

LOW has been the topic of several other research reports. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday, September 28th. Morgan Stanley upped their target price on shares of Lowe’s Companies from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, October 11th. KeyCorp reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $105.00) on shares of Lowe’s Companies in a report on Tuesday, July 24th. Robert W. Baird upped their target price on shares of Lowe’s Companies from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada upped their target price on shares of Lowe’s Companies to $118.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Nine equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $112.41.

LOW opened at $99.47 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.25 and a current ratio of 1.06. Lowe’s Companies has a twelve month low of $77.14 and a twelve month high of $117.70. The stock has a market capitalization of $78.81 billion, a PE ratio of 22.66, a PEG ratio of 1.31 and a beta of 1.52.

Large investors have recently modified their holdings of the business. Columbia Asset Management bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $109,000. Capital Advisors Ltd. LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $116,000. Stelac Advisory Services LLC bought a new position in shares of Lowe’s Companies in the 3rd quarter valued at about $123,000. Almanack Investment Partners LLC. bought a new position in shares of Lowe’s Companies in the 2nd quarter valued at about $103,000. Finally, Rational Advisors LLC boosted its stake in shares of Lowe’s Companies by 1,005.9% in the 3rd quarter. Rational Advisors LLC now owns 1,117 shares of the home improvement retailer’s stock valued at $128,000 after purchasing an additional 1,016 shares during the last quarter. 74.59% of the stock is currently owned by hedge funds and other institutional investors.

In other Lowe’s Companies news, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total transaction of $1,803,388.35. Following the sale, the chief financial officer now owns 63,099 shares of the company’s stock, valued at approximately $7,231,776.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa W. Wardell acquired 273 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were bought at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the acquisition, the director now owns 273 shares in the company, valued at $29,407.56. The disclosure for this purchase can be found here. 0.30% of the stock is owned by corporate insiders.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 7th. Shareholders of record on Wednesday, October 24th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, October 23rd. Lowe’s Companies’s dividend payout ratio is currently 43.74%.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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