Lowe’s Companies (LOW) Expected to Announce Earnings on Wednesday

Lowe’s Companies (NYSE:LOW) is expected to release its earnings data before the market opens on Wednesday, February 26th. Analysts expect Lowe’s Companies to post earnings of $1.80 per share and revenue of $18.25 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Lowe’s Companies Stock Down 0.4 %

LOW opened at $250.73 on Wednesday. Lowe’s Companies has a 12-month low of $211.80 and a 12-month high of $287.01. The stock has a market cap of $141.58 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 2.04 and a beta of 1.11. The business has a 50 day moving average of $254.93 and a 200-day moving average of $258.66.

Insider Activity

In related news, EVP Quonta D. Vance sold 7,198 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $274.37, for a total transaction of $1,974,915.26. Following the sale, the executive vice president now owns 16,703 shares of the company’s stock, valued at $4,582,802.11. This trade represents a 30.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LOW. Truist Financial increased their target price on Lowe’s Companies from $307.00 to $308.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. DA Davidson increased their target price on Lowe’s Companies from $240.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Lowe’s Companies from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company increased their target price 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. Finally, Sanford C. Bernstein increased their target price on Lowe’s Companies from $301.00 to $304.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, Lowe’s Companies presently has an average rating of “Moderate Buy” and a consensus target price of $282.96.

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.