Home Depot (HD) Set to Announce Earnings on Tuesday

Home Depot (NYSE:HDGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 17th. Analysts expect Home Depot to post earnings of $3.67 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, February 22nd. The home improvement retailer reported $3.21 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.01. The firm had revenue of $35.72 billion during the quarter, compared to analysts’ expectations of $34.85 billion. Home Depot had a net margin of 10.87% and a return on equity of 2,082.76%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.74 earnings per share. On average, analysts expect Home Depot to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Shares of NYSE HD opened at $297.03 on Tuesday. The company has a 50 day simple moving average of $312.65 and a 200 day simple moving average of $355.42. The firm has a market cap of $306.94 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.89 and a beta of 0.97. Home Depot has a 1 year low of $288.50 and a 1 year high of $420.61. The company has a debt-to-equity ratio of 35.47, a current ratio of 1.01 and a quick ratio of 0.24.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Thursday, March 10th were given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 9th. This is an increase from Home Depot’s previous quarterly dividend of $1.65. Home Depot’s dividend payout ratio is currently 48.97%.

In other news, EVP Hector A. Padilla sold 504 shares of the business’s stock in a transaction dated Friday, March 25th. The stock was sold at an average price of $309.80, for a total value of $156,139.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.17% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Camden National Bank grew its position in shares of Home Depot by 9.7% during the fourth quarter. Camden National Bank now owns 2,563 shares of the home improvement retailer’s stock worth $681,000 after buying an additional 226 shares in the last quarter. Morgan Stanley raised its stake in shares of Home Depot by 1.4% during the second quarter. Morgan Stanley now owns 11,505,713 shares of the home improvement retailer’s stock worth $3,669,058,000 after purchasing an additional 162,299 shares during the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Home Depot by 0.5% during the third quarter. Keudell Morrison Wealth Management now owns 9,467 shares of the home improvement retailer’s stock worth $3,108,000 after purchasing an additional 46 shares during the last quarter. Center for Financial Planning Inc. raised its position in Home Depot by 25.1% in the third quarter. Center for Financial Planning Inc. now owns 3,198 shares of the home improvement retailer’s stock worth $1,050,000 after acquiring an additional 642 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Home Depot in the fourth quarter worth $1,939,000. 70.61% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the stock. Raymond James reduced their price target on shares of Home Depot from $420.00 to $350.00 and set an “outperform” rating for the company in a research report on Wednesday, February 23rd. Telsey Advisory Group lowered their target price on Home Depot from $425.00 to $375.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 23rd. TheStreet cut Home Depot from a “b” rating to a “c+” rating in a research note on Tuesday, February 22nd. Guggenheim decreased their price objective on Home Depot from $425.00 to $400.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Finally, The Goldman Sachs Group decreased their price objective on Home Depot from $413.00 to $402.00 and set a “buy” rating for the company in a report on Wednesday, February 23rd. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Home Depot currently has a consensus rating of “Buy” and an average price target of $387.43.

About Home Depot (Get Rating)

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 facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows.

See Also

Earnings History for Home Depot (NYSE:HD)

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.