Lowe’s Companies (NYSE:LOW) Posts Earnings Results, Beats Expectations By $0.10 EPS

Lowe’s Companies (NYSE:LOW) released its quarterly earnings data on Wednesday. The home improvement retailer reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10, Zacks reports. The firm had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.29 billion. Lowe’s Companies had a net margin of 8.19% and a negative return on equity of 47.55%. Lowe’s Companies updated its FY 2025 guidance to 12.150-12.400 EPS.

Lowe’s Companies Stock Up 0.5 %

Shares of LOW traded up $1.13 during trading on Friday, reaching $246.63. 245,736 shares of the company traded hands, compared to its average volume of 2,337,519. Lowe’s Companies has a twelve month low of $211.80 and a twelve month high of $287.01. The stock has a market cap of $139.26 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.96 and a beta of 1.11. The stock has a 50-day simple moving average of $252.50 and a 200-day simple moving average of $258.77.

Wall Street Analysts Forecast Growth

LOW has been the topic of several analyst reports. Truist Financial dropped their price target on shares of Lowe’s Companies from $308.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada dropped their price target on shares of Lowe’s Companies from $292.00 to $285.00 and set a “sector perform” rating on the stock in a research report on Thursday. Wedbush restated a “neutral” rating and set a $250.00 price target on shares of Lowe’s Companies in a research report on Thursday, December 12th. Evercore ISI raised their price target on shares of Lowe’s Companies from $270.00 to $290.00 and gave the company an “in-line” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on shares of Lowe’s Companies from $280.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $280.83.

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.