Lowe’s Companies (LOW) Releases FY20 Earnings Guidance

Lowe’s Companies (NYSE:LOW) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $5.45-5.65 for the period, compared to the Thomson Reuters consensus estimate of $6.05. The company issued revenue guidance of +~2% yr/yr to ~$72.7 billion, compared to the consensus revenue estimate of $72.46 billion.Lowe’s Companies also updated its FY 2019 guidance to $5.45-5.65 EPS.

LOW traded down $12.94 during trading on Wednesday, hitting $98.16. The stock had a trading volume of 6,500,112 shares, compared to its average volume of 4,430,882. The company has a market capitalization of $86.74 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.26. Lowe’s Companies has a one year low of $84.75 and a one year high of $118.23. The company has a debt-to-equity ratio of 3.95, a current ratio of 0.98 and a quick ratio of 0.11.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings results on Wednesday, February 27th. The home improvement retailer reported $0.80 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.80. The business had revenue of $15.65 billion during the quarter, compared to the consensus estimate of $15.75 billion. Lowe’s Companies had a return on equity of 80.91% and a net margin of 3.24%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.74 EPS. Equities analysts anticipate that Lowe’s Companies will post 6.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Wednesday, April 24th were paid a $0.48 dividend. The ex-dividend date was Tuesday, April 23rd. This represents a $1.92 annualized dividend and a yield of 1.96%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 37.35%.

LOW has been the subject of several recent research reports. Wells Fargo & Co boosted their price target on Lowe’s Companies from $110.00 to $120.00 in a research note on Thursday, February 28th. Citigroup boosted their price target on Lowe’s Companies from $125.00 to $127.00 and gave the company a buy rating in a research note on Monday, April 1st. Morgan Stanley set a $115.00 target price on Lowe’s Companies and gave the company a buy rating in a research report on Tuesday, March 19th. ValuEngine upgraded Lowe’s Companies from a hold rating to a buy rating in a research report on Thursday, February 28th. Finally, Loop Capital cut Lowe’s Companies from a buy rating to a hold rating in a report on Wednesday, January 23rd. Eight analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $114.52.

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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 and Estimates for Lowe`s Companies (NYSE:LOW)

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