Wall Street analysts forecast that Lowe’s Companies, Inc. (NYSE:LOW) will announce sales of $19.47 billion for the current quarter, according to Zacks. Nine analysts have provided estimates for Lowe’s Companies’ earnings, with estimates ranging from $18.80 billion to $20.82 billion. Lowe’s Companies posted sales of $16.03 billion in the same quarter last year, which would indicate a positive year over year growth rate of 21.5%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 24th.
On average, analysts expect that Lowe’s Companies will report full-year sales of $88.69 billion for the current fiscal year, with estimates ranging from $88.09 billion to $90.11 billion. For the next financial year, analysts expect that the firm will post sales of $85.03 billion, with estimates ranging from $80.78 billion to $86.82 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Lowe’s Companies.
LOW has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Lowe’s Companies from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, February 18th. Truist reiterated a “buy” rating and issued a $178.00 target price on shares of Lowe’s Companies in a research note on Friday, November 20th. Telsey Advisory Group lifted their target price on shares of Lowe’s Companies from $190.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, December 10th. Jefferies Financial Group raised their price objective on shares of Lowe’s Companies from $202.00 to $207.00 and gave the company a “buy” rating in a research report on Thursday, December 10th. Finally, Gordon Haskett cut shares of Lowe’s Companies from a “buy” rating to an “accumulate” rating and set a $181.00 price target on the stock. in a report on Thursday, November 12th. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $172.42.
Shares of LOW stock traded down $4.98 on Thursday, hitting $167.43. The stock had a trading volume of 285,215 shares, compared to its average volume of 3,671,564. Lowe’s Companies has a 12-month low of $60.00 and a 12-month high of $180.67. The business has a 50 day moving average of $171.38 and a 200 day moving average of $164.04. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.38 and a quick ratio of 0.57. The stock has a market cap of $122.68 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.18 and a beta of 1.37.
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. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It provides home improvement products in various categories, such as appliances, dÃ©cor, paint, hardware, millwork, lawn and garden, lighting, lumber and building materials, flooring, kitchens and bath, rough plumbing and electrical, seasonal and outdoor living, and tools.
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