Analysts predict that Home Depot, Inc. (The) (NYSE:HD) will post sales of $23.62 billion for the current quarter, Zacks reports. Ten analysts have made estimates for Home Depot’s earnings. The highest sales estimate is $23.78 billion and the lowest is $23.34 billion. Home Depot posted sales of $22.21 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The business is scheduled to announce its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Home Depot will report full year sales of $23.62 billion for the current year, with estimates ranging from $99.94 billion to $100.80 billion. For the next year, analysts forecast that the firm will report sales of $106.95 billion per share, with estimates ranging from $104.12 billion to $108.78 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Home Depot.

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

HD has been the subject of a number of research reports. BTIG Research boosted their target price on shares of Home Depot to $215.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. Argus boosted their target price on shares of Home Depot from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Friday, September 8th. Oppenheimer set a $178.00 target price on shares of Home Depot and gave the company a “buy” rating in a research report on Tuesday, November 14th. Finally, SunTrust Banks lifted their price objective on shares of Home Depot to $167.00 and gave the company a “hold” rating in a report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $182.72.

In other news, EVP Matt Carey sold 41,396 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $183.03, for a total transaction of $7,576,709.88. Following the completion of the sale, the executive vice president now owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Home Depot by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 80,417,310 shares of the home improvement retailer’s stock worth $12,336,016,000 after acquiring an additional 703,292 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Home Depot by 0.9% in the 2nd quarter. Capital Research Global Investors now owns 20,025,701 shares of the home improvement retailer’s stock worth $3,071,943,000 after acquiring an additional 170,139 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Home Depot by 1.3% in the 2nd quarter. Northern Trust Corp now owns 17,333,833 shares of the home improvement retailer’s stock worth $2,659,010,000 after acquiring an additional 222,958 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Home Depot by 1.1% in the 2nd quarter. Alliancebernstein L.P. now owns 8,027,935 shares of the home improvement retailer’s stock worth $1,231,485,000 after acquiring an additional 84,750 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Home Depot by 1.8% in the 1st quarter. Clearbridge Investments LLC now owns 7,890,301 shares of the home improvement retailer’s stock worth $1,158,533,000 after acquiring an additional 140,221 shares during the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

Home Depot (NYSE:HD) traded down $0.44 during midday trading on Thursday, reaching $182.59. 919,341 shares of the company were exchanged, compared to its average volume of 4,478,934. The firm has a market capitalization of $212,250.06, a P/E ratio of 25.24, a PEG ratio of 1.84 and a beta of 1.11. Home Depot has a 52 week low of $133.05 and a 52 week high of $186.31. The company has a quick ratio of 0.39, a current ratio of 1.23 and a debt-to-equity ratio of 9.54.

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 paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 1.95%. Home Depot’s dividend payout ratio is currently 49.44%.

Home Depot announced that its board has approved a share repurchase program on Wednesday, December 6th that authorizes the company to buyback $15.00 billion in shares. This buyback authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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

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