Lowe's Companies, Inc.

Equities

LOW

US5486611073

Home Improvement Products & Services Retailers

Market Closed - Nyse Other stock markets 04:00:02 2024-04-19 pm EDT			5-day change	1st Jan Change
230.2 ^USD	+0.63%		-0.78%	+3.46%

Apr. 16	Evercore ISI Adjusts Lowe's Companies Price Target to $275 From $280, In Line Rating Kept	MT
Apr. 15	TD Cowen Ups Price Target on Lowe's Companies to $240 From $235, Maintains Hold Rating	MT

Lowe's Companies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2022

August 17, 2022 at 06:00 am EDT

Lowe's Companies, Inc. reported earnings results for the second quarter and six months ended July 29, 2022. For the second quarter, the company reported sales was USD 27,476 million compared to USD 27,570 million a year ago. Net income was USD 2,992 million compared to USD 3,018 million a year ago. Basic earnings per share from continuing operations was USD 4.68 compared to USD 4.27 a year ago. Diluted earnings per share from continuing operations was USD 4.67 compared to USD 4.25 a year ago.
For the six months, sales was USD 51,135 million compared to USD 51,993 million a year ago. Net income was USD 5,325 million compared to USD 5,340 million a year ago. Basic earnings per share from continuing operations was USD 8.18 compared to USD 7.48 a year ago. Diluted earnings per share from continuing operations was USD 8.16 compared to USD 7.46 a year ago.

Latest news about Lowe's Companies, Inc.

Evercore ISI Adjusts Lowe's Companies Price Target to $275 From $280, In Line Rating Kept	Apr. 16	MT
TD Cowen Ups Price Target on Lowe's Companies to $240 From $235, Maintains Hold Rating	Apr. 15	MT
Gordon Haskett Downgrades Lowe's to Hold From Accumulate, Price Target at $245	Apr. 03	MT
Truist Securities Raises Price Target on Lowe's to $271 From $258, Maintains Buy Rating	Apr. 02	MT
Sector Update: Consumer Stocks Softer in Late Afternoon Trading	Apr. 01	MT
DoorDash Enters Home Improvement Segment With Lowe's Partnership	Apr. 01	MT
DoorDash to Provide On-Demand Delivery for Lowe's	Apr. 01	MT
DA Davidson Downgrades Lowe's Companies to Neutral From Buy, Price Target is $270	Mar. 27	MT
Evercore ISI Adjusts Lowe's Companies' Price Target to $270 From $250, Keeps In Line Rating	Mar. 26	MT
Lowe's Keeps Quarterly Dividend at $1.10 per Share, Payable May 8 to Shareholders of Record on April 24	Mar. 22	MT
Lowe's Companies, Inc. Declares Quarterly Cash Dividend, Payable May 8, 2024	Mar. 22	CI
Mizuho Securities Initiates Coverage on Lowe's With Buy Rating, $280 Price Target	Mar. 19	MT
Just as expected	Feb. 29
ANALYST RECOMMENDATIONS : Amex, Snowflake, Salesforce, Walmart, Nutrien...	Feb. 29
UBS Adjusts Lowe's Companies Price Target to $270 From $250, Maintains Buy Rating	Feb. 28	MT
JPMorgan Adjusts Price Target on Lowe's to $268 From $265, Maintains Overweight Rating	Feb. 28	MT
The calm after the storm	Feb. 28
RBC Boosts Price Target on Lowe's to $246 From $190, Keeps Sector Perform Rating	Feb. 28	MT
Wedbush Raises Lowe's Companies' PT to $250 From $215 After Higher-Than-Expected Q4 2023 Results, Keeps Neutral Rating	Feb. 28	MT
ANALYST RECOMMENDATIONS : Amex, Apollo Global Management, Crowdstrike, Workday, Abrdn...	Feb. 28
Transcript : Lowe's Companies, Inc., Q4 2024 Earnings Call, Feb 27, 2024	Feb. 27
Lowe's Sees Continued DIY Slowdown for Fiscal 2024 Despite Fourth-Quarter Beating Street	Feb. 27	MT
Tranche Update on Lowe's Companies, Inc.'s Equity Buyback Plan announced on December 7, 2022.	Feb. 27	CI
Lowe's Companies, Inc. Provides Earnings Guidance for He Full Year 2024	Feb. 27	CI
Lowe's: EPS down 22% in Q4	Feb. 27	CF

Chart Lowe's Companies, Inc.

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Company Profile

Lowe's Companies, Inc. is No. 2 worldwide in retail distribution of residential renovation products. Net sales break down by family of products as follows: - decorative products (35.3%): especially kitchen accessories, surface coatings products and paint; - building materials, woodworking and general plumbing products, electrical equipment, hardware products, etc. (32.4%); - lawn and garden and outdoor decoration (29.7%); - others (2.6%). As of 31/01/2022, products are marketed through a network of 1,971 outlets located in the United States (1,737) and Canada (234). The United Statesaccounts for 93.9% of net sales.

Sector

Home Improvement Products & Services Retailers

Calendar

2024-04-22 - Ex-dividend day

Related indices

S&P 500

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Analysis / Opinion

Lowe's Companies, Inc. : The success story of a dividend king

October 04, 2023 at 09:11 pm EDT

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Ratings for Lowe's Companies, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

228.8 USD

Average target price

252.5 USD

Spread / Average Target

+10.37%

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