Lowe's Companies (NYSE:LOW - Get Free Report) is projected to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $18.26 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Lowe's Companies Stock Down 3.0 %
Shares of NYSE LOW traded down $7.49 on Friday, hitting $238.93. The company had a trading volume of 3,164,401 shares, compared to its average volume of 2,186,589. Lowe's Companies has a 12-month low of $211.80 and a 12-month high of $287.01. The business has a 50 day moving average of $253.77 and a two-hundred day moving average of $258.57. The firm has a market capitalization of $134.91 billion, a P/E ratio of 19.93, a PEG ratio of 1.96 and a beta of 1.11.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their target price on Lowe's Companies from $280.00 to $295.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $305.00 price target on shares of Lowe's Companies in a report on Thursday. Sanford C. Bernstein upped their price objective on Lowe's Companies from $301.00 to $304.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Barclays upped their price objective on Lowe's Companies from $229.00 to $245.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 20th. Finally, Evercore ISI increased their price target on Lowe's Companies from $270.00 to $290.00 and gave the stock an "in-line" rating in a research report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Lowe's Companies currently has a consensus rating of "Moderate Buy" and an average target price of $282.96.
View Our Latest Analysis on LOW
Insider Transactions at Lowe's Companies
In other news, EVP Quonta D. Vance sold 7,198 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the completion of the sale, the executive vice president now directly owns 16,703 shares of the company's stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.26% of the company's stock.
About Lowe's Companies
(
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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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