Home Depot Inc (HD) Forecasted to Earn FY2019 Earnings of $9.38 Per Share

Home Depot Inc (NYSE:HD) – Equities research analysts at SunTrust Banks reduced their FY2019 earnings per share estimates for shares of Home Depot in a research report issued on Wednesday, October 31st. SunTrust Banks analyst K. Hughes now anticipates that the home improvement retailer will post earnings per share of $9.38 for the year, down from their prior estimate of $9.46. SunTrust Banks also issued estimates for Home Depot’s Q2 2020 earnings at $3.12 EPS.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The company had revenue of $30.46 billion during the quarter, compared to analyst estimates of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. Home Depot’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS.

Several other analysts also recently commented on HD. Loop Capital set a $200.00 price objective on shares of Home Depot and gave the company a “hold” rating in a research report on Wednesday, July 11th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 price objective on the stock in a research report on Tuesday, July 17th. Citigroup increased 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. Piper Jaffray Companies reissued a “hold” rating and set a $203.00 price objective on shares of Home Depot in a research report on Thursday, August 16th. Finally, Jefferies Financial Group initiated coverage on shares of Home Depot in a research report on Tuesday, August 21st. They set a “buy” rating and a $228.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $205.28.

Shares of Home Depot stock traded down $1.64 during trading on Friday, hitting $178.82. The company’s stock had a trading volume of 1,903,070 shares, compared to its average volume of 5,935,231. Home Depot has a 52 week low of $160.53 and a 52 week high of $215.43. The firm has a market cap of $201.64 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.39 and a beta of 1.11. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37.

In other news, EVP Matt Carey sold 4,125 shares of the firm’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 sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the sale, the executive vice president now directly owns 40,057 shares in the company, valued at approximately $8,077,093.48. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HD. Beaumont Financial Partners LLC lifted its stake in shares of Home Depot by 28.9% in the 3rd quarter. Beaumont Financial Partners LLC now owns 9,037 shares of the home improvement retailer’s stock worth $1,872,000 after purchasing an additional 2,025 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Home Depot by 4.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 68,586 shares of the home improvement retailer’s stock worth $14,208,000 after purchasing an additional 3,226 shares during the period. Tdam USA Inc. lifted its stake in shares of Home Depot by 0.5% in the 3rd quarter. Tdam USA Inc. now owns 137,778 shares of the home improvement retailer’s stock worth $26,728,000 after purchasing an additional 710 shares during the period. Baltimore Washington Financial Advisors Inc. bought a new position in shares of Home Depot in the 3rd quarter worth approximately $7,405,000. Finally, Private Advisor Group LLC lifted its stake in shares of Home Depot by 43.2% in the 3rd quarter. Private Advisor Group LLC now owns 106,135 shares of the home improvement retailer’s stock worth $21,986,000 after purchasing an additional 32,039 shares during the period. 69.24% of the stock is currently owned by hedge funds and other institutional investors.

Home Depot Company Profile

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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Earnings History and Estimates for Home Depot (NYSE:HD)

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