Lowe’s Companies (NYSE:LOW – Get Free Report) posted its quarterly earnings data on Tuesday. The home improvement retailer reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.14, RTT News reports. The business had revenue of $23.59 billion during the quarter, compared to analysts’ expectations of $23.93 billion. Lowe’s Companies had a net margin of 8.46% and a negative return on equity of 48.52%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the firm posted $4.56 earnings per share. Lowe’s Companies updated its FY 2024 guidance to 11.700-11.900 EPS and its FY25 guidance to $11.70-11.90 EPS.
Lowe’s Companies Price Performance
NYSE LOW opened at $240.33 on Wednesday. The firm has a market capitalization of $136.95 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 1.85 and a beta of 1.07. The company’s fifty day moving average is $230.83 and its two-hundred day moving average is $232.19. Lowe’s Companies has a 52-week low of $181.85 and a 52-week high of $262.49.
Lowe’s Companies Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th were given a $0.15 dividend. The ex-dividend date was Wednesday, July 24th. This represents a $0.60 annualized dividend and a yield of 0.25%. Lowe’s Companies’s dividend payout ratio is 36.95%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Lowe’s Companies
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.
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