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

On average, 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 anticipate that the company will report sales of $106.95 billion per share, with estimates ranging from $104.12 billion to $108.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Home Depot.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.03. The company had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. 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.

Several brokerages have recently weighed in on HD. Oppenheimer reissued a “buy” rating on shares of Home Depot in a research note on Tuesday, December 26th. BMO Capital Markets set a $191.00 price target on Home Depot and gave the company a “buy” rating in a research note on Friday, December 15th. Guggenheim began coverage on Home Depot in a research note on Wednesday, December 13th. They issued a “buy” rating and a $200.00 price target for the company. Credit Suisse Group reissued a “hold” rating on shares of Home Depot in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut Home Depot from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Home Depot currently has a consensus rating of “Buy” and a consensus target price of $183.28.

Shares of Home Depot (NYSE HD) traded down $0.11 during mid-day trading on Wednesday, hitting $196.31. The stock had a trading volume of 5,692,700 shares, compared to its average volume of 4,346,760. The firm has a market capitalization of $232,270.00, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54. Home Depot has a 12 month low of $134.60 and a 12 month high of $199.42.

Home Depot announced that its Board of Directors has approved a stock repurchase 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 purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, EVP Matt Carey sold 41,396 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $183.03, for a total value of $7,576,709.88. Following the completion of the sale, the executive vice president now directly owns 29,559 shares of the company’s stock, valued at $5,410,183.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.26% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Somerset Trust Co increased its position in shares of Home Depot by 16.4% during the fourth quarter. Somerset Trust Co now owns 16,143 shares of the home improvement retailer’s stock valued at $3,060,000 after acquiring an additional 2,277 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Home Depot by 51.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 15,532 shares of the home improvement retailer’s stock valued at $2,944,000 after acquiring an additional 5,290 shares during the last quarter. First National Trust Co increased its position in shares of Home Depot by 4.6% during the fourth quarter. First National Trust Co now owns 69,256 shares of the home improvement retailer’s stock valued at $13,126,000 after acquiring an additional 3,057 shares during the last quarter. Creative Planning increased its position in shares of Home Depot by 3.5% during the fourth quarter. Creative Planning now owns 263,767 shares of the home improvement retailer’s stock valued at $49,992,000 after acquiring an additional 8,980 shares during the last quarter. Finally, Sicart Associates LLC purchased a new stake in shares of Home Depot during the fourth quarter valued at approximately $227,000. 70.18% 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.

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

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