Lowe's Companies (LOW) Releases Earnings Results, Misses Expectations By $-0.05 EPS

Lowe's Companies (LOW) reported quarterly earnings results on Wednesday, Aug-17-2016. The company reported $1.37 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $1.42. The company posted revenue of $18260.00 million in the period, compared to analysts expectations of $18420.50 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS.

Many Wall Street Analysts have commented on Lowe's Companies. Stifel Resumed Lowe's Companies on Aug 2, 2016 to “Buy”, Price Target of the shares are set at $100.Company shares were Reiterated by Morgan Stanley on Jun 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 87 from a previous price target of $84 .Topeka Capital Markets Initiated Lowe's Companies on May 24, 2016 to “Hold”, Price Target of the shares are set at $75.

Lowe's Companies closed down -0.18 points or -0.22% at $81.54 with 53,15,403 shares getting traded on Monday. Post opening the session at $82.09, the shares hit an intraday low of $81.31 and an intraday high of $82.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 2, 2016, Richard D Maltsbarger (CDO & President, Int’l) sold 12,656 shares at $80.21 per share price. According to the SEC, on May 26, 2016, Matthew V Hollifield (SVP Chief Accounting Officer) sold 17,976 shares at $79.16 per share price. On May 25, 2016, Nelson B Peace (Corp Administration Executive) sold 27,720 shares at $79.79 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.

Lowe's Companies

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