Lowe's Companies (LOW) reported quarterly earnings results on Wednesday, May-18-2016. The company said it had a profit of $0.87 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.85. The company posted revenue of $15234.00 million in the period, compared to analysts expectations of $14876.32 million. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
Many Wall Street Analysts have commented on Lowe's Companies. Barclays Initiated Lowe's Companies on Mar 31, 2016 to “Equal Weight”, Price Target of the shares are set at $85.
Lowe's Companies opened for trading at $75.02 and hit $77.365 on the upside on Monday, eventually ending the session at $77, with a gain of 2.65% or 1.99 points. The heightened volatility saw the trading volume jump to 68,20,810 shares. Company has a market cap of $69,103 M.
In a different news, on Apr 7, 2016, Robert A Niblock (Chairman President & CEO) sold 390,000 shares at $76.14 per share price. According to the SEC, on Mar 18, 2016, Marshall A Croom (Chief Risk Officer) sold 10,308 shares at $74.10 per share price. On Mar 14, 2016, Richard D Maltsbarger (CDO & President, Int’l) sold 25,442 shares at $70.18 per share price, according to the Form-4 filing with the securities and exchange commission.
Lowe’s Companies Inc. (Lowe’s) is a home improvement retailer. As of January 30 2015 Lowe’s operated 1840 home improvement and hardware stores representing approximately 201 million square feet of retail selling space. Lowe’s is consisted of 1793 stores located across 50 states in the United States including 74 Orchard Supply Hardware (Orchard) stores in California and Oregon as well as 37 stores in Canada and 10 stores in Mexico. It serves homeowners renters and professional customers (Pro customers). Its retail customers consisted of individual homeowners and renters complete a range of projects. The Pro customer consists of two categories: construction trades and maintenance repair and operations. The Company offers a range of products for maintenance repair remodeling and decorating.