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News Buzz: Lowe’s Companies (NYSE: LOW)

Ruby Warren

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On Thursday, Shares of Lowe’s Companies (NYSE: LOW) declined -0.41% to $97.02. The stock recorded $96.80 as its minimum price and hit the max level of $97.82, during its most recent trading session. It traded total volume of 829,653 shares lower than the average volume of 6.98M shares.

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Lowe’s Companies, Inc. (LOW) recently stated net earnings of $988.0M and diluted earnings per share of $1.19 for the quarter ended May 4, 2018, contrast to net earnings of $602.0M and diluted earnings per share of $0.70 in the first quarter of 2017. Diluted earnings per share increased 15.5 percent from adjusted diluted earnings per share of $1.03 in the same period a year ago.

Sales for the first quarter increased 3.0 percent to $17.40B from $16.90B in the first quarter of 2017, and comparable sales increased 0.6 percent. Comparable sales for the U.S. home improvement business increased 0.5 percent.

Delivering on its commitment to return excess cash to shareholders, the company repurchased $750.0M of stock under its share repurchase program and paid $340.0M in dividends in the first quarter.

LOW has the market capitalization of $80.28B and its EPS growth ratio for the past five years was 19.50%. The return on assets ratio of the Company was 9.60% while its return on investment ratio stands at 17.90%. Price to sales ratio was 1.17 while 75.50% of the stock was owned by institutional investors.

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