Lowe's Companies (NYSE:LOW) Releases FY25 Earnings Guidance

Lowe's Companies (NYSE:LOW - Get Free Report) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $11.80-11.90 for the period, compared to the consensus EPS estimate of $11.82. The company issued revenue guidance of $83.0-83.5 billion, compared to the consensus revenue estimate of $83.01 billion. Lowe's Companies also updated its FY 2024 guidance to 11.800-11.900 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LOW. Melius Research began coverage on shares of Lowe's Companies in a research report on Monday, September 23rd. They issued a "buy" rating and a $290.00 price objective for the company. UBS Group increased their price target on shares of Lowe's Companies from $270.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Truist Financial boosted their price objective on Lowe's Companies from $306.00 to $307.00 and gave the stock a "buy" rating in a research note on Thursday, November 7th. Bank of America lifted their price target on Lowe's Companies from $275.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, October 11th. Finally, Evercore ISI upped their price target on shares of Lowe's Companies from $225.00 to $250.00 and gave the company an "in-line" rating in a research report on Wednesday, August 21st. Ten analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $273.84.

Lowe's Companies Stock Performance

Lowe's Companies stock traded down $12.37 during midday trading on Tuesday, reaching $259.40. The stock had a trading volume of 3,099,323 shares, compared to its average volume of 2,443,621. The stock has a market capitalization of $147.16 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Lowe's Companies has a 1-year low of $196.23 and a 1-year high of $287.01. The firm's fifty day simple moving average is $267.74 and its 200-day simple moving average is $244.04.

Lowe's Companies (NYSE:LOW - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14. Lowe's Companies had a negative return on equity of 47.07% and a net margin of 8.25%. The company had revenue of $23.59 billion for the quarter, compared to analyst estimates of $23.93 billion. During the same quarter last year, the company posted $4.56 EPS. The company's revenue for the quarter was down 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Lowe's Companies will post 11.93 earnings per share for the current fiscal year.

Lowe's Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd were given a dividend of $1.15 per share. This is an increase from Lowe's Companies's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $4.60 annualized dividend and a dividend yield of 1.77%. Lowe's Companies's dividend payout ratio (DPR) is 38.14%.

Insider Activity

In other news, EVP Margrethe R. Vagell sold 5,730 shares of the business's stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $271.45, for a total value of $1,555,408.50. Following the sale, the executive vice president now owns 13,214 shares of the company's stock, valued at $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $248.82, for a total transaction of $1,684,262.58. Following the sale, the chief accounting officer now owns 9,383 shares of the company's stock, valued at $2,334,678.06. This represents a 41.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by company insiders.

Lowe's Companies Company Profile

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.