Equities research analysts expect Lowe’s Companies, Inc. (NYSE:LOW) to post $17.38 billion in sales for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Lowe’s Companies’ earnings, with estimates ranging from $17.16 billion to $17.55 billion. Lowe’s Companies posted sales of $16.77 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 20th.

According to Zacks, analysts expect that Lowe’s Companies will report full-year sales of $71.63 billion for the current financial year, with estimates ranging from $71.16 billion to $71.82 billion. For the next financial year, analysts forecast that the firm will post sales of $74.10 billion, with estimates ranging from $72.44 billion to $75.62 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last released its quarterly earnings data on Wednesday, August 22nd. The home improvement retailer reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.05. The business had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.79 billion. Lowe’s Companies had a return on equity of 71.96% and a net margin of 5.58%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.57 EPS.

Several research firms have recently weighed in on LOW. Raymond James raised their price objective on Lowe’s Companies from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Argus raised their price objective on Lowe’s Companies to $120.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Telsey Advisory Group raised their price objective on Lowe’s Companies from $123.00 to $126.00 and gave the stock an “outperform” rating in a research note on Friday, September 28th. Jefferies Financial Group began coverage on Lowe’s Companies in a research note on Tuesday, August 21st. They set a “buy” rating and a $118.00 price objective for the company. Finally, Wells Fargo & Co raised their price objective on Lowe’s Companies from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, August 23rd. Eight research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $112.30.

In other news, Director Lisa W. Wardell acquired 273 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was acquired at an average cost of $107.72 per share, for a total transaction of $29,407.56. Following the completion of the acquisition, the director now owns 273 shares in the company, valued at $29,407.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marshall A. Croom sold 15,735 shares of the stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $114.61, for a total value of $1,803,388.35. Following the sale, the chief financial officer now owns 63,099 shares of the company’s stock, valued at $7,231,776.39. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Almanack Investment Partners LLC. purchased a new stake in shares of Lowe’s Companies during the second quarter worth $103,000. CSat Investment Advisory L.P. bought a new position in Lowe’s Companies during the second quarter valued at about $108,000. NuWave Investment Management LLC bought a new position in Lowe’s Companies during the second quarter valued at about $126,000. FNY Investment Advisers LLC bought a new position in Lowe’s Companies during the second quarter valued at about $127,000. Finally, Rainier Group Investment Advisory LLC bought a new position in Lowe’s Companies during the first quarter valued at about $121,000. Institutional investors and hedge funds own 74.49% of the company’s stock.

Shares of LOW traded up $1.13 during trading hours on Friday, hitting $105.36. 4,395,145 shares of the company were exchanged, compared to its average volume of 5,793,781. The firm has a market cap of $92.81 billion, a PE ratio of 24.00, a P/E/G ratio of 1.54 and a beta of 1.39. The company has a quick ratio of 0.25, a current ratio of 1.06 and a debt-to-equity ratio of 2.58. Lowe’s Companies has a one year low of $75.36 and a one year high of $117.70.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 7th. Stockholders of record on Wednesday, October 24th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, October 23rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.82%. Lowe’s Companies’s payout ratio is currently 43.74%.

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. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal and outdoor living, lawn and garden, paint, millwork, flooring, and kitchens, as well as outdoor power equipment.

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

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