Eye Catching Stock: Lowe’s Companies (NYSE:LOW)

Lowe’s Companies (NYSE: LOW) changed 10.35% to recent value of $108. The stock transacted 19749678 shares during most recent day however it has an average volume of 5319.61K shares. It spotted trading -8.65% off 52-week high price. On the other end, the stock has been noted 27.43% away from the low price over the last 52-weeks.

On Aug.21, 2019, Lowe’s Companies (NYSE:LOW)  revealed net earnings of $1.7 billion and diluted earnings per share of $2.14 for the quarter ended Aug. 2, 2019, compared to net earnings of $1.5 billion and diluted earnings per share of $1.86 in the second quarter of 2018.

Excluding $14 million of pre-tax operating losses associated with the wind-down of the Company’s Mexico retail operations, adjusted diluted earnings per share1 increased 3.9 percent to $2.15 from adjusted diluted earnings per share1of $2.07 in the second quarter of 2018.

Sales for the second quarter increased 0.5 percent to $21.0 billion from $20.9 billion in the second quarter of 2018, and comparable sales increased 2.3 percent. Comparable sales for the U.S. home improvement business increased 3.2 percent.

We capitalized on spring demand, strong holiday event execution and growth in Paint and our Pro business to deliver strong second quarter results. Despite lumber deflation and difficult weather, we are pleased that we delivered positive comparable sales in all 15 geographic regions of the U.S.  This is a reflection of a solid macroeconomic backdrop and continued momentum executing our retail fundamentals framework, commented Marvin R. Ellison, Lowe’s president and CEO.

Our transformation is ongoing, and our future is bright. We are confident that we are on the right path to capitalize on solid demand in a healthy home improvement market and generate long-term profitable growth.  I would like to thank our associates for their hard work and continued commitment to serving customers, added Ellison.

Delivering on its commitment to return excess cash to shareholders, the company repurchased $1.96 billion of stock under its share repurchase program and paid $382 million in dividends in the second quarter.

As of Aug. 2, 2019, Lowe’s operated 2,003 home improvement and hardware stores in the United States and Canadarepresenting 208.8 million square feet of retail selling space.  Lowe’s is actively hiring full- and part-time associates at its corporate locations, stores and distribution centers, and has filled more than 14,000 positions since July 1.  LOW has a gross margin of 31.40% and an operating margin of 5.50% while its profit margin remained 3.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -30.90% for this year while earning per share for the next 5-years is expected to reach at 13.67%.

The company has 796M of outstanding shares and 781.64M shares were floated in the market. According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 9.36% from the mean of 20 days, 7.33% from mean of 50 days SMA and performed 7.59% from mean of 200 days price. Company’s performance for the week was 15.40%, 5.26% for month and YTD performance remained 16.93%.

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