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Stock Market & Financial Investment News

News Breaks
February 22, 2013
10:23 EDTLOWEarnings Preview: Lowe's backs FY12 EPS view $1.64, flat revenue
Lowe's Companies (LOW), a home improvement retailer, is scheduled to report Q4 before the market open on Monday, February 25, with a conference call scheduled for 9:00 am ET... EXPECTATIONS: Analysts are looking for EPS of 23c on revenue of $10.83B, according to First Call. The consensus range for EPS is 20c-28c on revenue of $10.64B-$11.2B... LAST QUARTER: Lowe's reported Q3 EPS of 35c including charges against estimates for 35c on revenue of $12.1B against estimates for $11.91B. Q3 results included charges related to long-lived asset impairments, discontinued projects, and a change in the discount rate applied to self-insurance claims which, in the aggregate, reduced pre-tax earnings for Q3 by $85M and diluted EPS by 5c. In December, the company backed its FY12 EPS view of $1.64 against estimates for $1.72 and its revenue view of approximately flat against estimates of $50.3B. The company also reiterated its FY12 same-store sales view of a 1% increase. On its analyst and investor call, the company said it was encouraged by recent trends in new and existing home sales and said it saw expansion opportunities in Mexico and Australia. During the quarter, Lowe's named Michael A. Jones as Chief Merchandising Officer... STREET RESEARCH: Stifel Nicolaus recently downgraded Lowe's to Hold from Buy as the firm thinks there's a growing chance that the housing recovery is slowing. Canaccord also downgraded Lowe's to Sell from Hold based on aggressive financial targets, a counterproductive management realignment, lack of traction in store resets, and continued e-commerce investments... PRICE ACTION: Over the last three months, Lowe's shares are up about 10%. Year-to-date, shares are up over 7%.
News For LOW From The Last 14 Days
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December 16, 2014
09:59 EDTLOWOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
07:05 EDTLOWLowe's initiated with a Neutral at Nomura
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December 12, 2014
08:20 EDTLOWLowe's price target raised to $75 from $70 at RW Baird
Baird raised its price target on Lowe's to $75 from $70 following its analyst day to reflect the company's increasingly synchronized internal and external organization. The firm noted the company delivered a three year outlook which included upside to Street estimates next year. Baird reiterated its Outperform rating on Lowe's shares.
07:48 EDTLOWLowe's analyst day supports investment case, says UBS
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07:35 EDTLOWLowe's outlook has improved, says Oppenheimer
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07:25 EDTLOWLowe's price target raised to $76 from $70 at JPMorgan
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December 11, 2014
10:28 EDTLOWLowe's says business is "sound," brand "strong"
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06:09 EDTLOWLowe's CEO sees Return on Invested Capital reaching 19% by 2017
Robert A. Niblock, Lowe's chairman, president and CEO stated, "The housing market and broader economy are recovering just as our transformation is gaining momentum." Robert F. Hull, Jr., Lowe's CFO, commented, "We continue to generate solid cash flow and have exciting opportunities ahead of us. Return on Invested Capital is expected to reach approximately 19% by 2017, an increase of almost 500 basis points over the next three years."
06:05 EDTLOWLowe's sees FY14 EPS about $2.68, consensus $2.67
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December 9, 2014
10:48 EDTLOWLowe's volatility elevated into analyst and investor meeting
Lowe's December call option implied volatility is at 24, January is at 19, April is at 20; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into a company hosted analyst and investor meeting to be held on December 11.
December 8, 2014
12:04 EDTLOWLowe's to host analyst and investor meeting
Analyst and Investor Meeting to be held on December 11 at 10 am. Webcast Link

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