Jefferies Financial Group Analysts Reduce Earnings Estimates for Lowe’s Companies, Inc. (LOW)

Lowe’s Companies, Inc. (NYSE:LOW) – Equities research analysts at Jefferies Financial Group lowered their FY2019 EPS estimates for Lowe’s Companies in a report released on Tuesday, November 20th. Jefferies Financial Group analyst J. Matuszewski now anticipates that the home improvement retailer will earn $5.14 per share for the year, down from their previous forecast of $5.23. Jefferies Financial Group has a “Buy” rating and a $119.00 price objective on the stock. Jefferies Financial Group also issued estimates for Lowe’s Companies’ FY2020 earnings at $6.05 EPS.

Lowe’s Companies (NYSE:LOW) last announced its quarterly earnings results on Tuesday, November 20th. The home improvement retailer reported $1.04 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $17.42 billion during the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year.

Several other brokerages also recently commented on LOW. Goldman Sachs Group set a $125.00 price target on shares of Lowe’s Companies and gave the company a “buy” rating in a report on Friday, September 28th. Bank of America set a $132.00 price objective on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Tuesday, October 2nd. SunTrust Banks raised shares of Lowe’s Companies from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Friday, September 28th. Telsey Advisory Group lifted their price objective on shares of Lowe’s Companies from $123.00 to $126.00 and gave the stock an “outperform” rating in a report on Friday, September 28th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of Lowe’s Companies in a report on Monday, September 17th. Eleven analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Lowe’s Companies presently has a consensus rating of “Buy” and a consensus target price of $108.89.

Shares of NYSE:LOW opened at $87.81 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.00 and a debt-to-equity ratio of 2.68. Lowe’s Companies has a one year low of $79.11 and a one year high of $117.70. The firm has a market capitalization of $71.43 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.20 and a beta of 1.52.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 6th. Shareholders of record on Wednesday, January 23rd will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Tuesday, January 22nd. Lowe’s Companies’s dividend payout ratio is presently 43.74%.

In other Lowe’s Companies news, CFO Marshall A. Croom sold 15,735 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $114.61, for a total value 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 accessible through the SEC website. Insiders own 0.30% of the company’s stock.

A number of institutional investors have recently bought and sold shares of LOW. Almanack Investment Partners LLC. bought a new stake in Lowe’s Companies in the second quarter worth $103,000. CSat Investment Advisory L.P. bought a new stake in Lowe’s Companies in the second quarter worth $108,000. Columbia Asset Management bought a new stake in Lowe’s Companies in the third quarter worth $109,000. Capital Advisors Ltd. LLC bought a new stake in Lowe’s Companies in the third quarter worth $116,000. Finally, Stelac Advisory Services LLC bought a new stake in Lowe’s Companies in the third quarter worth $123,000. 73.95% of the stock is owned by institutional investors and hedge funds.

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. 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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