Lowes Earnings Preview For Aug, 2013
Lowe's Companies Inc. (LOW)
Background: Lowe's Companies Inc. is a retailer of home improvement products in the world, with specific emphasis on retail do-it-yourself and commercial business customers. Lowe's specializes in offering products and services for home improvement, home decor, home maintenance, home repair and remodeling and maintenance of commercial buildings. Lowe's principal customer groups are do-it-yourself retail customers and commercial business customers.
The upcoming second-quarter earnings is highly anticipated by hopeful investors expecting an earnings growth report before the market opens on August 21, 2013 .
The Analyst's mean profit appraisal is presently 79 cents a share, a gain of 14 cents (17.7%) from 65 cents during the corresponding quarter last year. Estimates from analysts range from a low of 75 cents per share, up to the highest estimate of 83 cents per share.
The company currently pays 72 cents per share in dividends for a yield of 1.6%.
Analysts as a whole like this company. Currently, Lowes has 13 buy recommendations out of 25 analysts covering the company, along with 11 holds, and 1 total sell ratings. Analysts overall have called this one correctly. In the last 12 months, the shares have accelerated higher. The one year return is 70%. The average analyst current target price for Lowes is $45.95.