Home Depot (HD) Updates FY18 Earnings Guidance
Home Depot (NYSE:HD) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $7.36 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.39. The company issued revenue guidance of +6.3% YoY to ~$100.6 billion, compared to the consensus revenue estimate of $100.68 billion.
Home Depot (NYSE HD) opened at $182.85 on Wednesday. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. Home Depot has a 1 year low of $128.68 and a 1 year high of $186.31. The company has a market cap of $215,916.78, a P/E ratio of 25.68, a PEG ratio of 1.87 and a beta of 1.11.
Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.03. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the business earned $1.60 earnings per share. Home Depot’s revenue was up 8.1% compared to the same quarter last year. analysts predict that Home Depot will post 7.38 EPS for the current fiscal year.
HD has been the subject of several research analyst reports. Vetr upgraded shares of Home Depot from a hold rating to a buy rating and set a $165.39 target price for the company in a research report on Wednesday, August 9th. Jefferies Group reiterated a buy rating and set a $182.00 target price on shares of Home Depot in a research report on Thursday, August 10th. BidaskClub upgraded shares of Home Depot from a sell rating to a hold rating in a research report on Friday, August 11th. Longbow Research reiterated a buy rating and set a $175.00 target price on shares of Home Depot in a research report on Monday, August 14th. Finally, Telsey Advisory Group reiterated an outperform rating on shares of Home Depot in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $177.22.
In other news, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Home Depot by 0.9% in the second quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after buying an additional 703,292 shares during the period. Capital Research Global Investors increased its stake in shares of Home Depot by 0.9% in the second quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after buying an additional 170,139 shares during the period. Northern Trust Corp increased its stake in shares of Home Depot by 1.3% in the second quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after buying an additional 222,958 shares during the period. Alliancebernstein L.P. increased its stake in shares of Home Depot by 1.1% in the second quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after buying an additional 84,750 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after buying an additional 3,162,631 shares during the period. 70.37% of the stock is currently owned by institutional investors.
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Home Depot 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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