The Home Depot, Inc. (NYSE:HD) Expected to Announce Earnings of $4.94 Per Share

Brokerages expect The Home Depot, Inc. (NYSE:HDGet Rating) to report earnings per share (EPS) of $4.94 for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Home Depot’s earnings, with the lowest EPS estimate coming in at $4.76 and the highest estimate coming in at $5.07. Home Depot reported earnings of $4.53 per share in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Home Depot will report full year earnings of $16.47 per share for the current fiscal year, with EPS estimates ranging from $15.81 to $16.83. For the next year, analysts forecast that the business will report earnings of $17.49 per share, with EPS estimates ranging from $16.92 to $18.10. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Home Depot.

Home Depot (NYSE:HDGet Rating) last posted its earnings results on Tuesday, May 17th. The home improvement retailer reported $4.09 EPS for the quarter, beating the consensus estimate of $3.68 by $0.41. The firm had revenue of $38.91 billion for the quarter, compared to analyst estimates of $36.78 billion. Home Depot had a negative return on equity of 21,952.16% and a net margin of 10.83%. Home Depot’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.86 earnings per share.

HD has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on Home Depot from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Friday, February 25th. Jefferies Financial Group decreased their price objective on shares of Home Depot from $420.00 to $400.00 and set a “buy” rating for the company in a research note on Wednesday. Loop Capital decreased their price objective on shares of Home Depot from $380.00 to $320.00 in a research note on Wednesday, February 23rd. Finally, Guggenheim decreased their price objective on shares of Home Depot from $400.00 to $350.00 and set a “na” rating for the company in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $373.27.

NYSE:HD traded down $0.57 during trading hours on Friday, hitting $287.19. The company’s stock had a trading volume of 5,621,770 shares, compared to its average volume of 4,841,342. The stock has a market capitalization of $296.77 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.73 and a beta of 0.97. The stock has a fifty day moving average of $307.28 and a 200-day moving average of $350.39. The company has a current ratio of 1.11, a quick ratio of 0.24 and a debt-to-equity ratio of 35.47. Home Depot has a 52-week low of $279.59 and a 52-week high of $420.61.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Thursday, June 2nd will be given a dividend of $1.90 per share. The ex-dividend date is Wednesday, June 1st. This represents a $7.60 annualized dividend and a dividend yield of 2.65%. Home Depot’s dividend payout ratio is currently 48.25%.

In other Home Depot news, EVP Hector A. Padilla sold 136 shares of Home Depot stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $289.23, for a total value of $39,335.28. Following the completion of the sale, the executive vice president now directly owns 11,230 shares of the company’s stock, valued at approximately $3,248,052.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Hector A. Padilla sold 504 shares of the business’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $309.80, for a total transaction of $156,139.20. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Shore Point Advisors LLC bought a new stake in shares of Home Depot during the 4th quarter valued at about $26,000. Rinkey Investments bought a new position in shares of Home Depot in the fourth quarter valued at approximately $25,000. Barnett & Company Inc. boosted its holdings in shares of Home Depot by 173.1% in the fourth quarter. Barnett & Company Inc. now owns 71 shares of the home improvement retailer’s stock valued at $30,000 after acquiring an additional 45 shares in the last quarter. GW&K Investment Management LLC bought a new position in shares of Home Depot in the first quarter valued at approximately $25,000. Finally, Tobam bought a new position in shares of Home Depot in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 70.61% of the company’s stock.

Home Depot Company Profile (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.

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

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