Market Update (NYSE:LOW): CentraLite Devices Play Key Role In Next Generation Iris By Lowe’s Smart Home Solution

[PR Newswire] – MOBILE, Ala., Jan. 4, 2016 /PRNewswire/ — The next generation of Iris – which hit Lowe’s shelves in November – offers new functionality and faster performance and includes updated software and hardware that make Iris simpler, more intuitive and more personalized. The new technology was created in partnership with CentraLite Systems, a leading provider of products that enable a connected world. In fact, CentraLite supplies its smart home products to many of the most recognizable names in the connected home space. CentraLite products are distributed and installed throughout the U.S. and in approximately 50 countries worldwide. The Mobile, AL-based company manufactures a wide assortment of connected devices for the next generation of Iris product ecosystem, enabling users to seamlessly turn their homes into smart homes. Read more on this. Lowe’s Companies, Inc. (LOW) , with a current market cap of $68.89B, began trading this morning at $74.72. Shares have traded today between $74.50 and $75.57 per share and has traded between $64.22 and $78.13 over the past year. LOW shares are currently priced at 22.90x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.03x forward p/e ratio. And for passive income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 1.47%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.59 per share, which would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $3.32 which would be a $0.62 improvement than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.06 Billion. If realized, that would be a 4.15% increase over the year-ago quarter. In terms of ratings, Wedbush upgraded LOW from Neutral to Outperform (Jun 15, 2015). Previously, Atlantic Equities Initiated LOW at to Neutral. The average price target for LOW shares is $83.05, which is 11.15% above where the stock opened this morning. See more in (NYSE:LOW) Similar Articles: Company Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s Launches Next Generation of Iris Smart Home Solution Market Update: Lowes Companies Inc (NYSE:LOW) – Lowe’s Companies, Inc. Declares Cash Dividend Stock Update: Lowes Companies Inc (NYSE:LOW) – Z-Wave Alliance Welcomes New Member Lowe’s as It Expands Its Smart Home Retail Presence