Lowe’s Companies, Inc. (NYSE:LOW) was down -0.07% (-$0.06) to $81.48 and showed a volume of 6.03 mln shares.
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In all for the July quarter, Lowe’s posted a profit of $1.17 billion, or $1.31 a share, up from $1.13 billion, or $ 1.20, a year earlier. The bullish price estimates of the stock is set at $94.00 while the bearish estimates kept at $75.00 over the next one year. Jefferies Group also issued estimates for Lowe’s Cos.’s Q4 2017 earnings at $0.84 EPS. The reported numbers came lower than the analysts’ estimates of $0.85, demonstrating a miss of $0.02 as against reported figures.
Topeka Capital Markets is a brokerage house chasing shares of Lowe’s Companies, Inc. Vetr upgraded Lowe’s Cos. from a “buy” rating to a “strong-buy” rating and set a $92.50 price target on the stock in a research report on Friday, August 12th. Finally, Argus initiated coverage on Lowe’s Cos.in a research report on Wednesday, May 18th. 22 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. Deutsche Bank AG reissued a “buy” rating on shares of Lowe’s Cos.in a research report on Wednesday, April 27th. For the current year the company’s revenue estimates are $63.55 billion compared to low analyst estimates of $61.63 billion and high estimates of $66.06 billion according to the projection of 27 analysts. The 26 stock analysts who cover the stock have an average PT at $87.46, with individual targets in the range of $76 to $100.
You could be making up to 199% on a single trade in only 14 days. The stock is now holding above its 50-day SMA of $1.93 and above its 200-day SMA of $81.14.
Lowe’s Cos. (LOW) released a profit for its second quarter that gained ground compared to the same period past year. For the reporting quarter, equity analysts expect the stock to deliver $1.42 in earnings per share (EPS). During the same quarter in the previous year, the company posted $0.70 EPS.
Shares in the company, which have risen 7.2% so far this year, dropped 4.9% to $77.50 in premarket trading Wednesday morning. This was up from $17.35 billion previous year. Also, CFO Robert F. Hull, Jr. sold 134,000 shares of the stock in a transaction dated Monday, May 23rd.
While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 1.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The stock has climbed 12 percent in the last 12 months. The shares were sold at an average price of $79.77, for a total value of $2,211,224.40. Following the completion of the sale, the insider now owns 34,793 shares in the company, valued at $2,791,790.32. The disclosure for this sale can be found here. Stockholders of record on Wednesday, July 20th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.72%.
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Historically, if we look at price target revisions, three weeks ago Lowe’s Companies, Inc. The Company operates approximately 1,860 home improvement and hardware stores, representing approximately 200 million square feet of retail selling space.
