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

Lowe’s Companies (NYSE:LOW) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $11.70-11.90 for the period, compared to the consensus estimate of $12.09. The company issued revenue guidance of $82.7-83.2 billion, compared to the consensus revenue estimate of $84.20 billion. Lowe’s Companies also updated its FY 2024 guidance to 11.700-11.900 EPS.

Lowe’s Companies Price Performance

Lowe’s Companies stock opened at $240.33 on Wednesday. The stock’s 50 day moving average is $230.83 and its 200 day moving average is $232.19. Lowe’s Companies has a one year low of $181.85 and a one year high of $262.49. The firm has a market cap of $136.95 billion, a P/E ratio of 19.30, a P/E/G ratio of 1.85 and a beta of 1.07.

Lowe’s Companies (NYSE:LOW) last issued its quarterly earnings results on Tuesday, August 20th. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.97 by $0.13. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The firm had revenue of $23.59 billion for the quarter, compared to the consensus estimate of $23.93 billion. During the same quarter in the previous year, the company earned $4.56 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts anticipate that Lowe’s Companies will post 12.23 earnings per share for the current fiscal year.

Lowe’s Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $0.60 dividend on an annualized basis and a yield of 0.25%. Lowe’s Companies’s payout ratio is currently 36.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LOW shares. Wedbush reissued a neutral rating and issued a $250.00 price objective on shares of Lowe’s Companies in a research note on Wednesday, May 22nd. Telsey Advisory Group reissued a market perform rating and issued a $230.00 price target on shares of Lowe’s Companies in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Lowe’s Companies from $268.00 to $272.00 and gave the stock an overweight rating in a research report on Monday, August 5th. Royal Bank of Canada reiterated a sector perform rating and set a $246.00 target price on shares of Lowe’s Companies in a research report on Wednesday, May 22nd. Finally, Evercore ISI cut their target price on shares of Lowe’s Companies from $250.00 to $225.00 and set an in-line rating on the stock in a research note on Tuesday, July 2nd. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $250.19.

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.