Wall Street analysts forecast that Home Depot, Inc. (The) (NYSE:HD) will post earnings per share of $1.62 for the current quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Home Depot’s earnings, with the lowest EPS estimate coming in at $1.59 and the highest estimate coming in at $1.65. Home Depot reported earnings of $1.44 per share during the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 20th.

On average, analysts expect that Home Depot will report full-year earnings of $7.37 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.42. For the next fiscal year, analysts anticipate that the company will report earnings of $8.28 per share, with EPS estimates ranging from $8.00 to $8.54. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Home Depot.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.03. The firm had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a net margin of 8.66% and a return on equity of 238.88%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.60 earnings per share.

HD has been the subject of several research reports. Zacks Investment Research lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Robert W. Baird set a $175.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Sunday, September 10th. Royal Bank of Canada set a $179.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Monday, October 30th. Credit Suisse Group set a $171.00 target price on shares of Home Depot and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Bank of America upped their target price on shares of Home Depot from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $182.06.

In related news, EVP Matt Carey sold 41,396 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the transaction, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by corporate insiders.

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

Home Depot (NYSE HD) opened at $182.25 on Tuesday. The firm has a market cap of $214,176.86, a price-to-earnings ratio of 25.47, a PEG ratio of 1.86 and a beta of 1.11. Home Depot has a 1-year low of $133.05 and a 1-year high of $186.31. 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 declared that its board has initiated a share buyback program on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Wednesday, November 29th. Home Depot’s payout ratio is currently 49.44%.

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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.

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

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