FY2018 Earnings Forecast for Lowe’s Companies, Inc. (LOW) Issued By Jefferies Group
Lowe’s Companies, Inc. (NYSE:LOW) – Equities research analysts at Jefferies Group lowered their FY2018 EPS estimates for Lowe’s Companies in a research note issued to investors on Wednesday. Jefferies Group analyst D. Binder now forecasts that the home improvement retailer will post earnings per share of $4.51 for the year, down from their previous forecast of $4.65. Jefferies Group has a “Hold” rating and a $75.00 price objective on the stock. Jefferies Group also issued estimates for Lowe’s Companies’ Q4 2018 earnings at $0.87 EPS, FY2019 earnings at $5.02 EPS, FY2020 earnings at $5.55 EPS, FY2021 earnings at $6.25 EPS and FY2022 earnings at $7.02 EPS.
Other equities analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) cut their price target on shares of Lowe’s Companies from $97.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Stifel Nicolaus cut their price target on shares of Lowe’s Companies from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, May 25th. Vetr lowered shares of Lowe’s Companies from a “hold” rating to a “sell” rating and set a $83.11 price target on the stock. in a report on Monday, May 8th. Oppenheimer Holdings, Inc. set a $100.00 price target on shares of Lowe’s Companies and gave the stock a “buy” rating in a report on Wednesday, May 24th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $89.00 price target on shares of Lowe’s Companies in a report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $84.57.
Lowe’s Companies (NYSE:LOW) opened at 73.35 on Monday. The stock has a market capitalization of $61.39 billion, a PE ratio of 20.83 and a beta of 1.08. Lowe’s Companies has a 12 month low of $64.87 and a 12 month high of $86.25. The company’s 50-day moving average is $75.99 and its 200-day moving average is $79.50.
Lowe’s Companies (NYSE:LOW) last posted its earnings results on Wednesday, August 23rd. The home improvement retailer reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $0.05. Lowe’s Companies had a return on equity of 62.02% and a net margin of 4.51%. The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.58 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up 6.8% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 8th. Stockholders of record on Wednesday, October 25th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $1.64 annualized dividend and a dividend yield of 2.24%. Lowe’s Companies’s dividend payout ratio is currently 46.20%.
In other news, insider Richard D. Maltsbarger sold 11,672 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $80.20, for a total transaction of $936,094.40. Following the transaction, the insider now owns 37,716 shares in the company, valued at $3,024,823.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. SRS Capital Advisors Inc. increased its stake in Lowe’s Companies by 0.4% in the first quarter. SRS Capital Advisors Inc. now owns 1,236 shares of the home improvement retailer’s stock valued at $101,000 after buying an additional 5 shares during the last quarter. Harbour Capital Advisors LLC acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $103,000. Atlantic Trust LLC acquired a new stake in Lowe’s Companies during the second quarter valued at approximately $105,000. State of Alaska Department of Revenue acquired a new stake in Lowe’s Companies during the first quarter valued at approximately $109,000. Finally, Hanson McClain Inc. increased its stake in Lowe’s Companies by 3.5% in the first quarter. Hanson McClain Inc. now owns 1,337 shares of the home improvement retailer’s stock valued at $110,000 after buying an additional 45 shares during the last quarter. 72.91% of the stock is owned by institutional investors.
Lowe’s Companies Company Profile
Lowe’s Companies, Inc (Lowe’s) is a home improvement retailer. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space. The Company operates approximately 1,800 stores located across over 50 states in the United States, including approximately 80 Orchard Supply Hardware (Orchard) stores in California and Oregon, as well as approximately 40 stores in Canada and over 10 stores in Mexico.
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