Brokerages expect Home Depot, Inc. (The) (NYSE:HD) to post earnings per share of $1.80 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for Home Depot, Inc. (The)’s earnings, with the highest EPS estimate coming in at $1.81 and the lowest estimate coming in at $1.80. Home Depot, Inc. (The) reported earnings of $1.60 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is expected to announce its next earnings results on Tuesday, November 21st.

According to Zacks, analysts expect that Home Depot, Inc. (The) will report full-year earnings of $7.31 per share for the current year, with EPS estimates ranging from $7.25 to $7.35. For the next fiscal year, analysts anticipate that the company will report earnings of $8.24 per share, with EPS estimates ranging from $8.00 to $8.55. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Home Depot, Inc. (The).

Home Depot, Inc. (The) (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.04. The firm had revenue of $28.11 billion for the quarter, compared to the consensus estimate of $27.84 billion. Home Depot, Inc. (The) had a net margin of 8.63% and a return on equity of 192.30%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 earnings per share.

Several equities research analysts have recently weighed in on the company. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 price target on the stock. in a research report on Monday, June 19th. Argus reiterated a “buy” rating and set a $180.00 price target (up from $160.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Wedbush reiterated a “neutral” rating and set a $165.00 price target (up from $155.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Robert W. Baird set a $175.00 price target on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, May 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $173.00 price target (up from $165.00) on shares of Home Depot, Inc. (The) in a research report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus target price of $169.40.

Shares of Home Depot, Inc. (HD) traded up 1.10% during midday trading on Friday, reaching $159.66. 10,088,630 shares of the company’s stock were exchanged. The company has a market cap of $188.21 billion, a P/E ratio of 22.98 and a beta of 1.07. The firm has a 50 day moving average price of $150.97 and a 200 day moving average price of $151.33. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $160.86.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Tuesday, August 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 51.15%.

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In related news, EVP Matt Carey sold 32,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the sale, the executive vice president now owns 62,483 shares of the company’s stock, valued at $9,816,079.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa Wynn Roseborough sold 15,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the completion of the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at approximately $4,984,977.33. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,717 shares of company stock valued at $8,916,321. Insiders own 0.26% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. American Beacon Advisors Inc. purchased a new stake in Home Depot, Inc. (The) in the first quarter worth $100,000. Jacobi Capital Management LLC lifted its stake in Home Depot, Inc. (The) by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after acquiring an additional 101 shares during the period. Riggs Asset Managment Co. Inc. lifted its stake in Home Depot, Inc. (The) by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after acquiring an additional 397 shares during the period. University of Texas Investment Managment Co. purchased a new stake in Home Depot, Inc. (The) in the first quarter worth $132,000. Finally, Peoples Financial Services CORP. lifted its stake in Home Depot, Inc. (The) by 13.9% in the first quarter. Peoples Financial Services CORP. now owns 1,025 shares of the home improvement retailer’s stock worth $151,000 after acquiring an additional 125 shares during the period. 71.45% of the stock is owned by institutional investors.

About Home Depot, Inc. (The)

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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Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)

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