News coverage about Lowe's Companies (NYSE:LOW) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lowe's Companies earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the home improvement retailer an impact score of 46.4450645441516 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Global Cabinet Lock by Manufacturers, Regions, Type and Application, Forecast to 2023 (thefinancialconsulting.com)
- Global Cabinet Lock Market | Industry Analysis, Growth, Market Share, Opportunities and Forecast 2018-2025 (technologicaljournal.com)
- BidaskClub Lowers Lowe's Companies (LOW) to Strong Sell (americanbankingnews.com)
- Global Furniture Lock Market 2018-Vijayan Lock, ArmStrong, ASSA-Abloy, Master Lock, Hafele (fashionobserver24.com)
- Global Cabinet Lock Market By Analysis in Global Industry, Demands, Insights, Research and Forecast 2018-2025 (truthtoday24.com)
Shares of NYSE:LOW traded up $0.32 during trading on Tuesday, hitting $86.38. The company had a trading volume of 2,092,059 shares, compared to its average volume of 7,163,447. The firm has a market capitalization of $71,570.91, a price-to-earnings ratio of 19.69, a PEG ratio of 0.91 and a beta of 1.32. Lowe's Companies has a one year low of $70.76 and a one year high of $108.98. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.06 and a quick ratio of 0.11.
Lowe's Companies (NYSE:LOW) last issued its quarterly earnings results on Wednesday, February 28th. The home improvement retailer reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.13). Lowe's Companies had a return on equity of 65.17% and a net margin of 5.02%. The business had revenue of $15.49 billion for the quarter, compared to the consensus estimate of $15.34 billion. During the same period in the prior year, the business posted $0.86 earnings per share. Lowe's Companies’s revenue was down 1.8% on a year-over-year basis. analysts expect that Lowe's Companies will post 5.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Wednesday, April 25th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, April 24th. Lowe's Companies’s dividend payout ratio (DPR) is presently 37.36%.
Lowe's Companies announced that its Board of Directors has authorized a share buyback plan on Friday, January 26th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
A number of research firms have weighed in on LOW. BMO Capital Markets reissued a “hold” rating and issued a $95.00 target price (up previously from $82.00) on shares of Lowe's Companies in a report on Thursday, March 1st. Royal Bank of Canada lowered their target price on Lowe's Companies to $102.00 and set an “outperform” rating on the stock in a report on Thursday, March 1st. Credit Suisse Group set a $116.00 target price on Lowe's Companies and gave the company a “buy” rating in a report on Tuesday, January 16th. JPMorgan Chase reissued a “neutral” rating and issued a $100.00 target price on shares of Lowe's Companies in a report on Tuesday, March 6th. Finally, SunTrust Banks upped their price target on Lowe's Companies from $80.00 to $90.00 and gave the stock a “hold” rating in a research report on Friday, March 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $98.44.
About Lowe's Companies
Lowe's Companies, Inc operates as a home improvement company in the United States, Canada, and Mexico. It offers a line of products for maintenance, repair, remodeling, and decorating. The company provides home improvement products in various categories, such as lumber and building materials, tools and hardware, appliances, fashion fixtures, rough plumbing and electrical, seasonal living, lawn and garden, paint, millwork, flooring, kitchens, outdoor power equipment, and home fashions.
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