Equities analysts expect Home Depot Inc (NYSE:HD) to report $2.28 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Home Depot’s earnings. The highest EPS estimate is $2.38 and the lowest is $2.17. Home Depot reported earnings of $1.84 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 23.9%. The firm is expected to issue its next earnings results before the market opens on Tuesday, November 13th.
On average, analysts expect that Home Depot will report full-year earnings of $9.57 per share for the current year, with EPS estimates ranging from $9.44 to $9.80. For the next fiscal year, analysts anticipate that the company will report earnings of $10.24 per share, with EPS estimates ranging from $10.05 to $10.47. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Home Depot.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion for the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS.
Several equities research analysts recently commented on HD shares. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday. Citigroup boosted their price objective on shares of Home Depot from $205.00 to $220.00 and gave the company a “positive” rating in a research report on Friday, August 10th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Home Depot in a research report on Sunday, September 16th. ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $204.00 price objective (down from $222.00) on shares of Home Depot in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $206.68.
HD opened at $180.44 on Tuesday. The firm has a market capitalization of $211.86 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.46 and a beta of 1.11. Home Depot has a 12 month low of $160.53 and a 12 month high of $215.43. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60.
In other news, EVP Matt Carey sold 4,125 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the transaction, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HD. Summit Trail Advisors LLC increased its stake in shares of Home Depot by 17,627.8% during the 1st quarter. Summit Trail Advisors LLC now owns 2,233,171 shares of the home improvement retailer’s stock worth $2,233,000 after purchasing an additional 2,220,574 shares during the last quarter. Senator Investment Group LP acquired a new position in shares of Home Depot during the 2nd quarter worth about $234,120,000. Morgan Stanley increased its stake in shares of Home Depot by 11.4% during the 2nd quarter. Morgan Stanley now owns 9,687,271 shares of the home improvement retailer’s stock worth $1,889,985,000 after purchasing an additional 991,466 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Home Depot by 29.3% during the 3rd quarter. Bank of Montreal Can now owns 2,857,124 shares of the home improvement retailer’s stock worth $591,853,000 after purchasing an additional 648,046 shares during the last quarter. Finally, Natixis increased its stake in shares of Home Depot by 153.0% during the 1st quarter. Natixis now owns 1,064,144 shares of the home improvement retailer’s stock worth $189,673,000 after purchasing an additional 643,600 shares during the last quarter. Institutional investors own 69.11% of the company’s stock.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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