Equities research analysts expect that Lowe’s Companies, Inc. (NYSE:LOW) will announce sales of $20.99 billion for the current quarter, Zacks Investment Research reports. Eleven analysts have made estimates for Lowe’s Companies’ earnings. The lowest sales estimate is $20.78 billion and the highest is $21.20 billion. Lowe’s Companies posted sales of $20.89 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.5%. The company is scheduled to issue its next earnings report on Wednesday, August 28th.

On average, analysts expect that Lowe’s Companies will report full-year sales of $72.48 billion for the current year, with estimates ranging from $71.98 billion to $72.90 billion. For the next financial year, analysts expect that the firm will report sales of $74.92 billion, with estimates ranging from $73.96 billion to $75.77 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Lowe’s Companies.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings data on Wednesday, May 22nd. The home improvement retailer reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.11). The company had revenue of $17.74 billion during the quarter, compared to analysts’ expectations of $17.65 billion. Lowe’s Companies had a net margin of 3.31% and a return on equity of 91.85%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 earnings per share.

Several brokerages recently issued reports on LOW. Barclays boosted their price objective on shares of Lowe’s Companies from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, June 24th. Wells Fargo & Co restated a “buy” rating on shares of Lowe’s Companies in a report on Friday, May 10th. Cfra restated a “hold” rating and issued a $105.00 price objective on shares of Lowe’s Companies in a report on Friday, June 14th. Citigroup boosted their price objective on shares of Lowe’s Companies from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, ValuEngine upgraded shares of Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Saturday. Nine investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Lowe’s Companies has a consensus rating of “Buy” and a consensus price target of $113.13.

LOW traded down $1.73 on Friday, hitting $103.13. The company had a trading volume of 239,361 shares, compared to its average volume of 4,761,121. The stock has a market cap of $80.73 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 1.32 and a beta of 1.36. Lowe’s Companies has a 1 year low of $84.75 and a 1 year high of $118.23. The stock’s fifty day simple moving average is $98.75. The company has a debt-to-equity ratio of 6.37, a quick ratio of 0.24 and a current ratio of 1.09.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be given a $0.55 dividend. This is an increase from Lowe’s Companies’s previous quarterly dividend of $0.48. This represents a $2.20 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Tuesday, July 23rd. Lowe’s Companies’s payout ratio is currently 37.35%.

In related news, insider Marvin R. Ellison acquired 10,000 shares of the stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $95.05 per share, with a total value of $950,500.00. Following the completion of the transaction, the insider now owns 80,090 shares in the company, valued at approximately $7,612,554.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Donald Frieson acquired 2,030 shares of the stock in a transaction dated Wednesday, June 19th. The shares were bought at an average cost of $98.69 per share, with a total value of $200,340.70. Following the completion of the transaction, the executive vice president now owns 10,980 shares of the company’s stock, valued at approximately $1,083,616.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 12,280 shares of company stock valued at $1,174,566. 0.07% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Clarfeld Financial Advisors LLC acquired a new position in shares of Lowe’s Companies during the fourth quarter worth about $26,000. Advisors Preferred LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth about $26,000. Icon Wealth Partners LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth about $26,000. Weaver Consulting Group acquired a new position in shares of Lowe’s Companies during the first quarter worth about $28,000. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of Lowe’s Companies during the first quarter worth about $33,000. 76.79% of the stock is owned by institutional investors and hedge funds.

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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