The Home Depot (HD) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
The Home Depot (NYSE:HD) issued its quarterly earnings data on Tuesday. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.01, American Banking News reports. The company had revenue of $19.70 billion for the quarter, compared to the consensus estimate of $19.96 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share.
The Home Depot (NYSE:HD) opened at 76.50 on Tuesday. The Home Depot has a 1-year low of $72.21 and a 1-year high of $83.20. The stock has a 50-day moving average of $77.9 and a 200-day moving average of $79.01. The company has a market cap of $105.7 billion and a P/E ratio of 20.57. The Home Depot also was the recipient of some unusual options trading on Monday. Stock investors acquired 42,201 call options on the company. This is an increase of approximately 359% compared to the typical daily volume of 9,188 call options.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $90.00 price target on the stock, up previously from $82.00. On the ratings front, analysts at Jefferies Group cut their price target on shares of The Home Depot from $94.00 to $90.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $87.83.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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