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
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
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 .
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