Lowe’s (NYSE:LOW) Reports 1Q Profit Increase, Shares Drops on Week Outlook- LOW, HD, TGT, WMT, KFT, PEP, JNJ

  on May 22,2012 Posted in Business News
 
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Lowe’s Companies, Inc. (NYSE:LOW) shares dropped 10.11% on Monday after its announced Q1 profit increased 14% as warmer weather helped surged sales earlier in the quarter.

But the world’s second-leading home-improvement corporation lowered its full-year results estimate on Monday, saying it’s still cautious for the reason that of the weak housing market and other economic conditions.

Lowe’s shares drops $2.88 a share, or a little over 10%, to close at $25.60 Monday.

Lowe’s results mirror the restlessness shoppers feel in the uncertain economy. While Americans are spending, they continue to so gingerly.

Turning towards the sector The Home Depot, Inc. (NYSE:HD) rose +1.19%, Target Corporation (NYSE:TGT) grew +0.67%, Wal-Mart Stores, Inc. (NYSE:WMT) moved up +0.98%, Kraft Foods Inc (NYSE:KFT) edged up +0.26%, PepsiCo, Inc. (NYSE:PEP) which also decreased -0.21% and Johnson & Johnson (NYSE:JNJ) advanced +0.19%.

Lowe’s Companies, Inc. (NYSE:LOW) stock in last session held volume of 50.43 million shares as compare to its average volume of 12.43 million shares. The stock after opening at $26.17 hit high price of $26.53 and then closed at $25.60 by plunging -10.11%.

As the revenue measures LOW generated revenue of 50.21 billion in the following twelve months income of $1.82 billion. The Company showed a positive 3.66% in the net profit margin and in addition to in its operating margin which remained 5.79%. Company’s annual sales growth for the past five year was 1.36%.

The stock showed weekly downbeat performance of -13.40% which was maintained for the month at -18.76%. Likewise the negative performance for the quarter was recorded as -7.38% and for the year was 7.07% while the YTD performance remained at 1.87%.

The LOW past twelve months price to sales ratio was 0.61 and price to cash ratio remained 23.61. As far as the returns are concern, the LOW return on equity was recorded as 10.53% and increased 7.04% return on investment while its return on asset stayed at 5.47%.

 



 

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