Is it time to Buy before this week’s earning report Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW)

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Earnings results for Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from 2.73 to 2.94(7.69%) and increased over the past month from 2.52 to 2.94(16.67%). Of the 8 analysts making quarterly forecasts, 8raised and none lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has increased over the past week from 6.92 to 7.26(4.91%) and increased over the past month from 6.67 to 6.92(3.75%). Of the 9 analysts making yearly forecasts, 9raised and none lowered their forecast.

Lowe’s Companies last posted its earnings data on May 20th, 2020. The home improvement retailer reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.45. The business had revenue of $19.68 billion for the quarter, compared to the consensus estimate of $18.33 billion. Its revenue for the quarter was up 10.9% on a year-over-year basis. Lowe’s Companies has generated $5.72 earnings per share over the last year and currently has a price-to-earnings ratio of 26.7. Lowe’s Companies has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW)

32 Wall Street analysts have issued ratings and price targets for Lowe’s Companies in the last 12 months. Their average twelve-month price target is $150.71, predicting that the stock has a possible downside of 4.56%. The high price target for LOW is $187.00 and the low price target for LOW is $106.00. There are currently 2 hold ratings and 30 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Lowe’s Companies has received a consensus rating of Buy. The company’s average rating score is 2.94, and is based on 30 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $150.71, Lowe’s Companies has a forecasted downside of 4.6% from its current price of $157.91. Lowe’s Companies has been the subject of 21 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW)

Lowe’s Companies has a dividend yield of 1.39%, which is in the bottom 25% of all stocks that pay dividends. Lowe’s Companies has been increasing its dividend for 17 years. The dividend payout ratio of Lowe’s Companies is 38.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Lowe’s Companies will have a dividend payout ratio of 28.87% next year. This indicates that Lowe’s Companies will be able to sustain or increase its dividend.

Insiders buying/selling: Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW)

In the past three months, Lowe’s Companies insiders have not sold or bought any company stock. Only 0.07% of the stock of Lowe’s Companies is held by insiders. 74.49% of the stock of Lowe’s Companies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Lowe’s Companies Stock Forecast, Price & News (NYSE:LOW

Earnings for Lowe’s Companies are expected to grow by 5.25% in the coming year, from $7.24 to $7.62 per share. The P/E ratio of Lowe’s Companies is 26.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of Lowe’s Companies is 26.67, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.98. Lowe’s Companies has a PEG Ratio of 1.36. PEG Ratios above 1 indicate that a company could be overvalued. Lowe’s Companies has a P/B Ratio of 61.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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