The Home Depot, Inc. (HD) Issues FY15 Earnings Guidance
The Home Depot, Inc. (NYSE:HD) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $4.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.41, AnalystRatingsNetwork.com reports. The company issued revenue guidance of +4.8% to ~$82.59 billion, compared to the consensus revenue estimate of $82.52 billion.
Several analysts have recently commented on the stock. 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $88.50.
The Home Depot, Inc. (NYSE:HD) opened at 83.59 on Tuesday. The Home Depot, Inc. has a 1-year low of $72.21 and a 1-year high of $84.62. The stock’s 50-day moving average is $81.10 and its 200-day moving average is $79.48. The company has a market cap of $114.3 billion and a P/E ratio of 21.27. The Home Depot also saw unusually large options trading on Monday. Stock investors bought 23,735 put options on the company. This is an increase of approximately 250% compared to the average daily volume of 6,773 put options.
The Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.07. 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. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that The Home Depot, Inc. will post $4.41 EPS for the current fiscal year.
The Home Depot, Inc (NYSE:HD) is a home improvement retailer.
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