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MarketScreener Homepage  >  Equities  >  Nyse  >  Lowe's Companies, Inc.    LOW

LOWE'S COMPANIES, INC.

(LOW)
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Lowe : Turns 4Q Profit

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02/26/2020 | 07:32am EDT

By Dave Sebastian

 

Lowe's Cos. turned a profit for the fourth-quarter as sales rose and expenses declined.

For the three months ended Jan. 31, the home-improvement retailer on Wednesday reported net income of $509 million, or 66 cents a share, compared with a loss of $824 million, or $1.03 a share, in the comparable quarter last year.

Excluding charges related to its strategic review of its Canadian operations and the closure of its Mexico business, adjusted earnings were 94 cents a share, compared with 80 cents a share in the year-ago period.

Analysts polled by FactSet were looking for 67 cents a share, or 91 cents a share on an adjusted basis.

Sales rose to $16.03 billion from $15.65 billion in the prior year, driven almost entirely by gains in U.S. brick and mortar stores and supported by investments in technology, store improvement and the company's Pro business, Chief Executive Marvin Ellison said in prepared remarks. Analysts were expecting $16.15 billion.

Same-store sales grew 2.5% from a year ago. Analysts were expecting a 3.5% increase. Same-store sales in the U.S. home-improvement business rose 2.6%.

Selling, general and administrative expenses fell to $3.69 billion from $5.1 billion in the prior year.

Rival home-improvement retailer Home Depot Inc. on Tuesday also posted higher profit for its latest quarter, a sign of health for the U.S. economy following lackluster sales reports from other retailers in recent weeks.

Write to Dave Sebastian at dave.sebastian@wsj.com

 

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Financials (USD)
Sales 2021 73 353 M
EBIT 2021 7 017 M
Net income 2021 4 754 M
Debt 2021 21 281 M
Yield 2021 2,68%
P/E ratio 2021 13,5x
P/E ratio 2022 11,6x
EV / Sales2021 1,19x
EV / Sales2022 1,16x
Capitalization 65 665 M
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Mean consensus BUY
Number of Analysts 32
Average target price 122,13  $
Last Close Price 86,98  $
Spread / Highest target 89,7%
Spread / Average Target 40,4%
Spread / Lowest Target -2,28%
EPS Revisions
Managers
NameTitle
Marvin R. Ellison President, Chief Executive Officer & Director
Richard W. Dreiling Chairman
David M. Denton Executive VP, Chief Financial & Accounting Officer
Seemantini Godbole Chief Information Officer
Ralph Alvarez Independent Director
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