The Home Depot (HD) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS
The Home Depot (NYSE:HD) released its earnings data on Tuesday. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.07, American Banking and Market News reports. The company had revenue of $23.80 billion for the quarter, compared to the consensus estimate of $23.61 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share.
Shares of The Home Depot (NYSE:HD) opened at 83.59 on Tuesday. The Home Depot has a one year low of $72.21 and a one year high of $84.62. The stock has a 50-day moving average of $81.10 and a 200-day moving average of $79.48. The company has a market cap of $114.3 billion and a P/E ratio of 21.27. The Home Depot also was the target of unusually large options trading on Monday. Stock traders bought 23,735 put options on the stock. This represents an increase of approximately 250% compared to the typical daily volume of 6,773 put options.
A number of analysts have recently weighed in on HD shares. Analysts at Jefferies Group raised their price target on shares of The Home Depot from $90.00 to $95.00 in a research note on Tuesday, August 12th. They now have a “buy” rating on the stock. On a related note, analysts at Wolfe Research upgraded shares of The Home Depot from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Finally, analysts at Morgan Stanley initiated coverage on shares of The Home Depot in a research note on Tuesday, June 24th. They set an “equal weight” rating and a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $88.50.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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