Lowe’s Companies (NYSE:LOW) Posts Earnings Results, Beats Expectations By $0.45 EPS

Lowe’s Companies (NYSE:LOW) released its quarterly earnings results on Wednesday. The home improvement retailer reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.45, MarketWatch Earnings reports. The business had revenue of $19.68 billion for the quarter, compared to the consensus estimate of $18.33 billion. Lowe’s Companies had a net margin of 6.17% and a return on equity of 220.44%. The business’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS.

NYSE:LOW opened at $122.25 on Friday. The stock has a market cap of $91.08 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 1.33 and a beta of 1.38. The stock’s 50-day moving average is $101.42 and its two-hundred day moving average is $110.02. Lowe’s Companies has a fifty-two week low of $60.00 and a fifty-two week high of $126.73. The company has a debt-to-equity ratio of 14.05, a current ratio of 1.20 and a quick ratio of 0.14.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a $2.20 annualized dividend and a yield of 1.80%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.46%.

A number of research firms have recently issued reports on LOW. Guggenheim reissued a “buy” rating and issued a $135.00 price target on shares of Lowe’s Companies in a research note on Wednesday. KeyCorp lifted their price objective on shares of Lowe’s Companies from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Co reaffirmed a “buy” rating and issued a $135.00 price objective on shares of Lowe’s Companies in a report on Wednesday. Zacks Investment Research cut shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $108.00 price target on the stock. in a research report on Tuesday, April 28th. Finally, Longbow Research boosted their price target on shares of Lowe’s Companies from $130.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $132.54.

In other news, CEO Marvin R. Ellison purchased 10,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $103.86 per share, with a total value of $1,038,600.00. Following the purchase, the chief executive officer now owns 90,090 shares in the company, valued at approximately $9,356,747.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.07% of the company’s stock.

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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