Lowe's Companies (NYSE:LOW - Get Free Report) is set to announce its earnings results before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $2.80 per share for the quarter. Lowe's Companies has set its FY 2024 guidance at 11.700-11.900 EPS and its FY25 guidance at $11.70-11.90 EPS.
Lowe's Companies (NYSE:LOW - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the prior year, the business posted $4.56 EPS. The firm's quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts expect Lowe's Companies to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of LOW opened at $274.51 on Tuesday. The business's fifty day simple moving average is $264.61 and its two-hundred day simple moving average is $242.26. Lowe's Companies has a 12 month low of $192.10 and a 12 month high of $287.01. The company has a market cap of $155.73 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.23 and a beta of 1.10.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd were issued a $1.15 dividend. This is a boost from Lowe's Companies's previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend was Wednesday, October 23rd. Lowe's Companies's dividend payout ratio (DPR) is currently 38.14%.
LOW has been the topic of a number of recent analyst reports. Oppenheimer raised Lowe's Companies from a "market perform" rating to an "outperform" rating and raised their price target for the company from $230.00 to $305.00 in a report on Tuesday, September 24th. UBS Group lifted their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, August 21st. Morgan Stanley boosted their target price on Lowe's Companies from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Wednesday, August 21st. Telsey Advisory Group upgraded Lowe's Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $275.00 to $305.00 in a report on Friday. Finally, Stifel Nicolaus boosted their price target on Lowe's Companies from $250.00 to $260.00 and gave the company a "hold" rating in a report on Monday. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $273.84.
Check Out Our Latest Stock Analysis on LOW
In other Lowe's Companies news, EVP Margrethe R. Vagell sold 5,730 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the transaction, the executive vice president now owns 13,214 shares of the company's stock, valued at $3,586,940.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at approximately $2,334,678.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Margrethe R. Vagell sold 5,730 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total transaction of $1,555,408.50. Following the sale, the executive vice president now directly owns 13,214 shares in the company, valued at approximately $3,586,940.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by corporate insiders.
Lowe's Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.
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