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Lowe's Companies Inc (LOW.N)

LOW.N on New York Stock Exchange

79.85USD
24 May 2017
Change (% chg)

$-2.49 (-3.02%)
Prev Close
$82.34
Open
$79.50
Day's High
$80.28
Day's Low
$78.40
Volume
3,456,348
Avg. Vol
1,453,967
52-wk High
$86.25
52-wk Low
$64.87

Latest Key Developments (Source: Significant Developments)

Lowe's Q1 earnings per share $0.70
Wednesday, 24 May 2017 06:00am EDT 

May 24 (Reuters) - Lowe's Companies Inc ::Lowe's reports first quarter sales and earnings results.Q1 earnings per share $0.70.Q1 sales $16.9 billion versus I/B/E/S view $16.96 billion.Q1 same store sales rose 1.9 percent.Q1 earnings per share view $1.06 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $1.03 excluding items.Lowe's Companies Inc - company reaffirms its operating outlook for fiscal year 2017.Lowe's Companies Inc - diluted earnings per share of approximately $4.30 are expected for fiscal year ending February 2, 2018.Lowe's Companies Inc - company expects to add approximately 35 home improvement and hardware stores in 2017.Lowe's Companies Inc - fiscal year 2017, diluted EPS outlook updated to reflect loss on extinguishment of debt and resulting lower interest expense.FY earnings per share view $4.64, revenue view $68.31 billion -- Thomson Reuters I/B/E/S.Lowe's Companies Inc qtrly comparable sales for U.S. business increased 2.0 percent.  Full Article

Lowe's agrees to buy maintenance supply headquarters
Thursday, 18 May 2017 06:00am EDT 

May 18 (Reuters) - Lowe's Companies Inc ::Lowe's announces agreement to acquire maintenance supply headquarters.Transaction value of $512 million.Lowe's announces agreement to acquire maintenance supply headquarters.Total transaction value of $512 million.Says transaction is expected to be accretive to Lowe's earnings in fiscal 2017.  Full Article

Woolworths updates on home improvement exit
Thursday, 20 Apr 2017 07:53pm EDT 

April 21 (Reuters) - Woolworths Ltd :Notes that an award has now been made in confidential arbitration between woolworths and lowe's in relation to their home improvement joint venture..Woolworths will be able to conclude proposed transaction with home consortium without consent of lowe's.Lowe's is now required to sell its shares in joint venture co, Hydrox Holdings Pty for a value determined by a third-party independent expert as at 18 jan 2016.  Full Article

Lowe's prices $3 bln notes offering
Wednesday, 19 Apr 2017 04:35pm EDT 

April 19 (Reuters) - Lowe's Companies Inc ::Lowe's prices $3.0 billion notes offering.Has agreed to sell $1.50 billion of 3.100 pct notes due 2027 and $1.50 billion of 4.050 pct notes due 2047.  Full Article

Rona Inc says issuing a voluntary recall on Uberhaus ceiling fans
Monday, 3 Apr 2017 08:30am EDT 

Lowe's Companies Inc : Rona Inc - issuing a voluntary recall on Uberhaus ceiling fans model sw52-sn-r5w1 or product number 89325003 .Rona Inc - products being recalled may be affected by a manufacturing quality defect that may cause injuries or material damages.  Full Article

Lowe's Companies sets quarterly cash dividend of $0.35per share
Friday, 24 Mar 2017 04:30pm EDT 

Lowe's Companies Inc :Sets quarterly cash dividend of $0.35per share.  Full Article

Lowe's reports Q4 sales of $15.8 billion
Wednesday, 1 Mar 2017 06:00am EST 

Lowe's Companies Inc : Lowe's Companies Inc - Diluted earnings per share of approximately $4.64 are expected for fiscal year ending February 2, 2018. . Lowe's Companies Inc says comparable sales are expected to increase approximately 3.5 percent in 2017 . Lowe's reports fourth quarter sales and earnings results . Q4 adjusted earnings per share $0.86 excluding items . Q4 earnings per share $0.74 . Q4 sales $15.8 billion versus I/B/E/S view $15.39 billion . Q4 same store sales rose 5.1 percent . Q4 earnings per share view $0.79 -- Thomson Reuters I/B/E/S . Lowe's Companies Inc - Sees FY total sales are expected to increase approximately 5 percent .Sees diluted earnings per share of approximately $4.64 are expected for fiscal year ending February 2, 2018.  Full Article

LOWE'S HIRING MORE THAN 45,000 CUSTOMER-FACING ROLES
Thursday, 2 Feb 2017 11:00am EST 

Lowe's Companies Inc : LOWE'S HIRING MORE THAN 45,000 CUSTOMER-FACING ROLES . IN-STORE SEASONAL POSITIONS INCLUDE CASHIERS, LAWN AND GARDEN ASSOCIATES, STOCKERS AND ASSEMBLERS OF OUTDOOR PRODUCTS . HIRING IS UNDERWAY AND WILL TYPICALLY SUPPORT STORES BETWEEN MONTHS OF MARCH AND SEPTEMBER .THE 45,000 SEASONAL EMPLOYEES SUPPLEMENT CO'S MORE THAN 235,000 U.S. STORE EMPLOYEES.  Full Article

Lowe's Companies announces new $5 bln share repurchase program
Friday, 27 Jan 2017 04:30pm EST 

Lowe's Companies Inc - : Announces new $5 billion share repurchase program . Announces new $5 billion share repurchase program . New repurchase program has no expiration date and adds to previous program's balance, which was $627 million as of Oct. 28, 2016 .New repurchase program has no expiration date and adds to previous program's balance.  Full Article

Lowe's preps for layoffs as it shifts to new store staffing model - CNBC
Thursday, 12 Jan 2017 03:17pm EST 

:Lowe's Companies Inc preps for layoffs as it shifts to new store staffing model - CNBC, citing a source.  Full Article

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