Brokerages expect Home Depot, Inc. (The) (NYSE:HD) to report sales of $24.40 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Home Depot, Inc. (The)’s earnings. The lowest sales estimate is $24.26 billion and the highest is $24.51 billion. Home Depot, Inc. (The) posted sales of $23.15 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5.4%. The business is scheduled to issue its next earnings report on Tuesday, November 21st.

According to Zacks, analysts expect that Home Depot, Inc. (The) will report full-year sales of $24.40 billion for the current financial year, with estimates ranging from $99.52 billion to $100.06 billion. For the next year, analysts anticipate that the firm will report sales of $105.24 billion per share, with estimates ranging from $104.05 billion to $106.75 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Home Depot, Inc. (The).

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

Several equities research analysts have issued reports on the stock. Credit Suisse Group set a $171.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Friday, October 13th. Robert W. Baird set a $175.00 price objective on shares of Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Friday, October 13th. Gordon Haskett assumed coverage on shares of Home Depot, Inc. (The) in a research report on Tuesday, October 3rd. They issued a “buy” rating and a $189.00 price objective for the company. Piper Jaffray Companies reissued a “hold” rating and issued a $164.00 price objective on shares of Home Depot, Inc. (The) in a research report on Sunday, October 1st. Finally, Zacks Investment Research cut shares of Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $172.38.

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In other news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares of the company’s stock, valued at approximately $9,816,079.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $152.40, for a total transaction of $1,633,270.80. Following the completion of the sale, the executive vice president now directly owns 64,810 shares in the company, valued at $9,877,044. The disclosure for this sale can be found here. Insiders have sold a total of 57,717 shares of company stock worth $8,916,321 in the last 90 days. 0.26% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in HD. Waldron LP boosted its holdings in shares of Home Depot, Inc. (The) by 104.0% in the 1st quarter. Waldron LP now owns 4,004 shares of the home improvement retailer’s stock valued at $573,000 after acquiring an additional 2,041 shares during the last quarter. Personal Capital Advisors Corp boosted its holdings in shares of Home Depot, Inc. (The) by 75.3% in the 1st quarter. Personal Capital Advisors Corp now owns 9,581 shares of the home improvement retailer’s stock valued at $1,409,000 after acquiring an additional 4,116 shares during the last quarter. BTIM Corp. boosted its holdings in shares of Home Depot, Inc. (The) by 3.5% in the 1st quarter. BTIM Corp. now owns 18,618 shares of the home improvement retailer’s stock valued at $2,734,000 after acquiring an additional 629 shares during the last quarter. UMB Bank N A MO boosted its holdings in shares of Home Depot, Inc. (The) by 2.2% in the 1st quarter. UMB Bank N A MO now owns 226,219 shares of the home improvement retailer’s stock valued at $33,216,000 after acquiring an additional 4,862 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Home Depot, Inc. (The) by 1.3% in the 1st quarter. Fisher Asset Management LLC now owns 8,649,798 shares of the home improvement retailer’s stock valued at $1,270,050,000 after acquiring an additional 108,242 shares during the last quarter. 71.36% of the stock is currently owned by institutional investors and hedge funds.

Home Depot, Inc. (NYSE HD) opened at 163.35 on Wednesday. The company has a market capitalization of $192.56 billion, a P/E ratio of 23.51 and a beta of 1.07. The company has a 50-day moving average of $159.68 and a 200-day moving average of $154.12. Home Depot, Inc. has a 1-year low of $119.20 and a 1-year high of $166.63.

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

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