Home Depot, Inc. (The) (NYSE:HD) Scheduled to Post Quarterly Earnings on Tuesday
Home Depot, Inc. (The) (NYSE:HD) is set to announce its earnings results before the market opens on Tuesday, August 15th. Analysts expect the company to announce earnings of $2.21 per share for the quarter. Home Depot, Inc. (The) has set its FY18 guidance at ~$7.15 EPS.
Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot, Inc. (The) had a return on equity of 158.80% and a net margin of 8.53%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. On average, analysts expect Home Depot, Inc. (The) to post $7.24 EPS for the current fiscal year and $8.19 EPS for the next fiscal year.
Home Depot, Inc. (NYSE HD) opened at 153.35 on Tuesday. Home Depot, Inc. has a 52 week low of $119.20 and a 52 week high of $160.86. The stock has a 50 day moving average price of $152.13 and a 200-day moving average price of $148.91. The firm has a market capitalization of $183.34 billion, a P/E ratio of 22.95 and a beta of 1.08.
HD has been the topic of several recent analyst reports. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price on the stock. in a research note on Monday, June 19th. Barclays PLC reissued an “overweight” rating and issued a $165.00 target price (up from $150.00) on shares of Home Depot, Inc. (The) in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $176.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday, June 16th. Citigroup Inc. restated a “buy” rating and issued a $179.00 price objective (up from $168.00) on shares of Home Depot, Inc. (The) in a report on Wednesday, May 17th. Finally, BTIG Research raised their price objective on shares of Home Depot, Inc. (The) from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nineteen have given a buy rating to the company. Home Depot, Inc. (The) currently has an average rating of “Buy” and an average price target of $164.48.
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In related news, EVP William G. Lennie sold 31,239 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $155.47, for a total value of $4,856,727.33. Following the completion of the transaction, the executive vice president now directly owns 46,294 shares in the company, valued at approximately $7,197,328.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Craig A. Menear sold 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $156.79, for a total transaction of $14,214,738.19. Following the completion of the transaction, the chief executive officer now owns 240,090 shares of the company’s stock, valued at $37,643,711.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,900 shares of company stock valued at $20,167,386. 0.26% of the stock is owned by company insiders.
Home Depot, Inc. (The) Company Profile
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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