Zacks Research Has Bearish Estimate for LOW Q3 Earnings

Lowe’s Companies, Inc. (NYSE:LOW) – Equities research analysts at Zacks Research lowered their Q3 2026 earnings estimates for Lowe’s Companies in a report released on Wednesday, September 3rd. Zacks Research analyst Team now expects that the home improvement retailer will post earnings per share of $2.97 for the quarter, down from their previous estimate of $3.05. The consensus estimate for Lowe’s Companies’ current full-year earnings is $11.90 per share. Zacks Research also issued estimates for Lowe’s Companies’ Q1 2027 earnings at $3.19 EPS, Q2 2027 earnings at $4.58 EPS, Q3 2027 earnings at $3.25 EPS, Q4 2027 earnings at $2.31 EPS, FY2027 earnings at $13.33 EPS, Q1 2028 earnings at $3.45 EPS, Q2 2028 earnings at $4.92 EPS and FY2028 earnings at $14.41 EPS.

Lowe’s Companies (NYSE:LOW) last posted its quarterly earnings results on Wednesday, August 20th. The home improvement retailer reported $4.33 EPS for the quarter, beating the consensus estimate of $4.24 by $0.09. Lowe’s Companies had a net margin of 8.20% and a negative return on equity of 52.02%. The firm had revenue of $23.96 billion for the quarter, compared to analyst estimates of $23.99 billion. During the same quarter last year, the firm posted $4.10 earnings per share. Lowe’s Companies’s revenue for the quarter was up 1.6% compared to the same quarter last year. Lowe’s Companies has set its FY 2025 guidance at 12.200-12.450 EPS.

Several other research analysts have also commented on LOW. Piper Sandler raised their price target on shares of Lowe’s Companies from $269.00 to $294.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. UBS Group increased their price objective on shares of Lowe’s Companies from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Mizuho increased their price objective on shares of Lowe’s Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Truist Financial increased their price objective on shares of Lowe’s Companies from $264.00 to $283.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Stifel Nicolaus increased their price objective on shares of Lowe’s Companies from $240.00 to $265.00 and gave the company a “hold” rating in a research report on Monday, August 18th. Sixteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lowe’s Companies has an average rating of “Moderate Buy” and a consensus target price of $284.13.

Lowe’s Companies Stock Performance

NYSE LOW opened at $270.00 on Thursday. Lowe’s Companies has a one year low of $206.38 and a one year high of $287.01. The company’s 50 day moving average price is $238.85 and its 200 day moving average price is $230.85. The firm has a market capitalization of $151.42 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.45 and a beta of 0.87.

Hedge Funds Weigh In On Lowe’s Companies

A number of hedge funds have recently added to or reduced their stakes in the business. Reynders McVeigh Capital Management LLC boosted its holdings in Lowe’s Companies by 4.0% in the second quarter. Reynders McVeigh Capital Management LLC now owns 1,446 shares of the home improvement retailer’s stock worth $321,000 after purchasing an additional 56 shares during the period. SevenBridge Financial Group LLC lifted its stake in Lowe’s Companies by 34.6% in the second quarter. SevenBridge Financial Group LLC now owns 12,797 shares of the home improvement retailer’s stock valued at $3,134,000 after buying an additional 3,287 shares during the last quarter. American Trust acquired a new position in shares of Lowe’s Companies during the second quarter valued at $202,000. Centaurus Financial Inc. boosted its holdings in shares of Lowe’s Companies by 2.8% during the second quarter. Centaurus Financial Inc. now owns 2,941 shares of the home improvement retailer’s stock valued at $652,000 after acquiring an additional 81 shares during the period. Finally, Lavaca Capital LLC boosted its holdings in shares of Lowe’s Companies by 100.0% during the second quarter. Lavaca Capital LLC now owns 400 shares of the home improvement retailer’s stock valued at $89,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 74.06% of the company’s stock.

Insiders Place Their Bets

In other Lowe’s Companies news, CEO Marvin R. Ellison sold 40,000 shares of Lowe’s Companies stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $264.10, for a total value of $10,564,000.00. Following the completion of the transaction, the chief executive officer owned 249,043 shares of the company’s stock, valued at $65,772,256.30. The trade was a 13.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Juliette Williams Pryor sold 929 shares of Lowe’s Companies stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $257.20, for a total transaction of $238,938.80. Following the completion of the transaction, the executive vice president directly owned 30,099 shares of the company’s stock, valued at approximately $7,741,462.80. This represents a 2.99% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.27% of the company’s stock.

Lowe’s Companies Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 5th. Stockholders of record on Wednesday, October 22nd will be given a dividend of $0.012 per share. The ex-dividend date of this dividend is Wednesday, October 22nd. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.0%. Lowe’s Companies’s dividend payout ratio (DPR) is presently 39.44%.

About Lowe’s Companies

Lowe’s Companies, Inc, together with its subsidiaries, operates as a home improvement retailer in the United States. The company offers a line of products for construction, maintenance, repair, remodeling, and decorating. It also provides home improvement products, such as appliances, seasonal and outdoor living, lawn and garden, lumber, kitchens and bath, tools, paint, millwork, hardware, flooring, rough plumbing, building materials, décor, and electrical.