Lowe’s Companies (NYSE:LOW) Updates FY25 Earnings Guidance

Lowe’s Companies (NYSE:LOW) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $11.80-11.90 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LOW. Stifel Nicolaus lifted their price objective on shares of Lowe’s Companies from $250.00 to $260.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on Lowe’s Companies from $250.00 to $255.00 and gave the stock an “overweight” rating in a report on Wednesday, August 21st. Wells Fargo & Company raised their price objective on Lowe’s Companies from $280.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Piper Sandler lifted their target price on Lowe’s Companies from $262.00 to $307.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, StockNews.com raised Lowe’s Companies from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Ten research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $277.92.

Lowe’s Companies Stock Up 1.5 %

NYSE:LOW opened at $263.03 on Thursday. The firm has a 50-day moving average price of $268.29 and a 200 day moving average price of $244.36. The firm has a market capitalization of $149.21 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. Lowe’s Companies has a 12-month low of $196.23 and a 12-month high of $287.01.

Lowe’s Companies (NYSE:LOW) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 EPS for the quarter, topping the consensus estimate of $3.96 by $0.14. Lowe’s Companies had a negative return on equity of 47.55% and a net margin of 8.19%. The business had revenue of $23.59 billion during the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter last year, the company earned $4.56 EPS. Lowe’s Companies’s revenue was down 5.5% on a year-over-year basis. On average, research analysts expect that Lowe’s Companies will post 11.82 EPS for the current year.

Lowe’s Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $1.15 per share. The ex-dividend date was Wednesday, October 23rd. This is a boost from Lowe’s Companies’s previous quarterly dividend of $0.15. This represents a $4.60 dividend on an annualized basis and a dividend yield of 1.75%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 38.37%.

Insider Transactions at Lowe’s Companies

In related news, CAO Dan Clayton Griggs, Jr. sold 6,769 shares of the company’s stock in a transaction dated 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 transaction, the chief accounting officer now owns 9,383 shares in the company, valued at $2,334,678.06. This represents a 41.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margrethe R. Vagell sold 5,730 shares of Lowe’s Companies stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $271.45, for a total value of $1,555,408.50. Following the completion of the sale, the executive vice president now owns 13,214 shares of the company’s stock, valued at approximately $3,586,940.30. The trade was a 30.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

About Lowe’s Companies

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.