Research Analysts Offer Predictions for Home Depot, Inc. (The)’s Q2 2019 Earnings (HD)

Home Depot, Inc. (The) (NYSE:HD) – Stock analysts at SunTrust Banks dropped their Q2 2019 earnings per share estimates for shares of Home Depot in a research report issued on Thursday. SunTrust Banks analyst K. Hughes now forecasts that the home improvement retailer will post earnings per share of $2.47 for the quarter, down from their prior forecast of $2.49. SunTrust Banks currently has a “Hold” rating and a $175.00 price objective on the stock. SunTrust Banks also issued estimates for Home Depot’s Q3 2019 earnings at $2.04 EPS, Q4 2019 earnings at $1.77 EPS and FY2019 earnings at $8.11 EPS.

Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $24.53 billion. During the same quarter in the prior year, the company earned $1.60 EPS. The firm’s revenue was up 8.1% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday. Zelman & Associates cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley set a $185.00 price target on shares of Home Depot and gave the company a “buy” rating in a research report on Friday. Deutsche Bank increased their price target on shares of Home Depot from $176.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Oppenheimer reissued a “buy” rating on shares of Home Depot in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $182.06.

Shares of Home Depot (NYSE:HD) traded down $1.45 on Monday, reaching $181.96. 2,695,078 shares of the company’s stock traded hands, compared to its average volume of 4,466,046. The stock has a market cap of $214,176.86, a PE ratio of 25.47, a P/E/G ratio of 1.86 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54. Home Depot has a fifty-two week low of $131.10 and a fifty-two week high of $186.31.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.89 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.96%. Home Depot’s dividend payout ratio is 49.44%.

Home Depot announced that its board has authorized a share repurchase plan on Wednesday, December 6th that permits the company to buyback $15.00 billion in shares. This buyback authorization permits the home improvement retailer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Several large investors have recently bought and sold shares of HD. ING Groep NV increased its stake in shares of Home Depot by 47.0% in the 1st quarter. ING Groep NV now owns 291,115 shares of the home improvement retailer’s stock worth $42,744,000 after acquiring an additional 93,107 shares in the last quarter. State Treasurer State of Michigan increased its stake in shares of Home Depot by 8.7% in the 1st quarter. State Treasurer State of Michigan now owns 1,470,028 shares of the home improvement retailer’s stock worth $215,844,000 after acquiring an additional 117,400 shares in the last quarter. Grimes & Company Inc. increased its stake in shares of Home Depot by 40.3% in the 1st quarter. Grimes & Company Inc. now owns 7,106 shares of the home improvement retailer’s stock worth $1,043,000 after acquiring an additional 2,041 shares in the last quarter. Alpha Cubed Investments LLC increased its stake in shares of Home Depot by 2.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 5,563 shares of the home improvement retailer’s stock worth $817,000 after acquiring an additional 118 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Home Depot in the 1st quarter worth about $265,000. 70.37% of the stock is owned by hedge funds and other institutional investors.

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About Home Depot

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.

Earnings History and Estimates for Home Depot (NYSE:HD)

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