Alert: New Earnings Report (5/21/24)-Lowe”s Cos Inc (NYSE: LOW).

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Lowe”s Cos Inc (NYSE: LOW) has reported E.P.S. of $3.06 for its first fiscal quarter (ending April 30) versus $3.78 for the same period a year ago. For the latest four quarters through April 30, E.P.S. were $12.46 versus $10.29 for the same period a year ago.

Recent Price Action

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Lowe”s Cos Inc (NYSE: LOW) stock declined modestly by -1.9% on 5/21/24. The stock closed at $224.86. Moreover, trading volume in this decline was exceptionally high at 233% of normal. The stock has been strong relative to the market over the last nine months but has declined -3.5% during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, LOW is expected to be an important Value Eraser.

Lowe”s is currently unrated.

Rating Review

The stock is currently unrated.

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