KeyCorp Weighs in on Lowe’s Companies, Inc.’s FY2019 Earnings (LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Stock analysts at KeyCorp dropped their FY2019 earnings per share estimates for Lowe’s Companies in a research report issued on Tuesday, November 20th. KeyCorp analyst B. Thomas now anticipates that the home improvement retailer will post earnings per share of $5.10 for the year, down from their previous forecast of $5.20. KeyCorp has a “Overweight” rating and a $115.00 price target on the stock. KeyCorp also issued estimates for Lowe’s Companies’ FY2020 earnings at $5.90 EPS.

Other equities research analysts also recently issued reports about the stock. Wedbush set a $105.00 price target on shares of Lowe’s Companies and gave the company a “hold” rating in a report on Thursday, August 23rd. Bank of America upped their price target on shares of Lowe’s Companies from $113.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Argus upped their price target on shares of Lowe’s Companies to $120.00 and gave the company a “buy” rating in a report on Thursday, August 23rd. Telsey Advisory Group upped their price target on shares of Lowe’s Companies from $123.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Finally, Citigroup upped their price target on shares of Lowe’s Companies from $99.00 to $112.00 and gave the company a “neutral” rating in a report on Thursday, August 23rd. Eleven analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Lowe’s Companies currently has a consensus rating of “Buy” and a consensus target price of $108.89.

Shares of NYSE LOW opened at $88.37 on Thursday. Lowe’s Companies has a twelve month low of $79.11 and a twelve month high of $117.70. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.00 and a quick ratio of 0.25. The stock has a market capitalization of $69.66 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.06. Lowe’s Companies had a net margin of 5.19% and a return on equity of 72.47%. The company had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the company earned $1.05 EPS. Lowe’s Companies’s revenue was up 3.8% on a year-over-year basis.

A number of hedge funds have recently bought and sold shares of the business. Tdam USA Inc. increased its holdings in shares of Lowe’s Companies by 6.9% in the 2nd quarter. Tdam USA Inc. now owns 7,850 shares of the home improvement retailer’s stock valued at $750,000 after purchasing an additional 504 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Lowe’s Companies by 13.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,367 shares of the home improvement retailer’s stock valued at $417,000 after purchasing an additional 511 shares during the period. First Personal Financial Services increased its holdings in shares of Lowe’s Companies by 6.3% in the 3rd quarter. First Personal Financial Services now owns 8,884 shares of the home improvement retailer’s stock valued at $1,020,000 after purchasing an additional 523 shares during the period. Dillon & Associates Inc. increased its holdings in shares of Lowe’s Companies by 0.7% in the 2nd quarter. Dillon & Associates Inc. now owns 75,416 shares of the home improvement retailer’s stock valued at $7,240,000 after purchasing an additional 535 shares during the period. Finally, Oak Asset Management LLC increased its holdings in shares of Lowe’s Companies by 2.1% in the 3rd quarter. Oak Asset Management LLC now owns 26,383 shares of the home improvement retailer’s stock valued at $3,029,000 after purchasing an additional 535 shares during the period. 73.95% of the stock is owned by institutional investors.

In other Lowe’s Companies news, CFO Marshall A. Croom sold 15,735 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 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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