Lowe’s Reaffirms its Fiscal Year 2012 Guidance (LOW)

By Dividend.com Staff,

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On Wednesday home improvement retailer Lowe's Companies, Inc. ( LOW ) reported that it is maintaining its full year 2012 earnings and revenue forecast.

The Mooresville, North Carolina-based company said that expects to see full year earnings of $1.64 per share on revenues of about $50.21 billion.

Analysts polled by FactSet expect that Lower's will earn $1.73 per share in 2012 on revenues of $50.3 billion.

The company also commented that it expects greater cash flow to be generated in the years to come. The plan is to utilize that cash flow to reinvest in its core business to help grow developing home improvement markets, as well as return cash to its shareholders.

Lowe's shares were flat in premarket trading on Wednesday. The stock is up 42.48% year-to-date.

The Bottom Line
Shares of Lowe's ( LOW ) have a 1.80% dividend yield, based on last night's closing stock price of $35.62. The stock has technical support in the $32 price area. The shares are trading at all-time highs.

Lowe's Companies, Inc. ( LOW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: LOW

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