Home Depot (HD) to Release Earnings on Tuesday

Home Depot (NYSE:HD) will post its quarterly earnings results before the market opens on Tuesday, February 20th. Analysts expect Home Depot to post earnings of $1.62 per share for the quarter.

Home Depot (NYSE:HD) last posted its quarterly earnings data 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 firm had revenue of $25.03 billion during 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 company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.60 EPS. On average, analysts expect Home Depot to post $7 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of Home Depot (HD) opened at $184.06 on Tuesday. The company has a debt-to-equity ratio of 9.54, a current ratio of 1.23 and a quick ratio of 0.39. The firm has a market cap of $214,940.00, a PE ratio of 25.53, a price-to-earnings-growth ratio of 1.34 and a beta of 1.08. Home Depot has a 1 year low of $139.05 and a 1 year high of $207.60.

Home Depot announced that its board has authorized a stock repurchase plan on Wednesday, December 6th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the home improvement retailer to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

In related news, EVP Matt Carey sold 41,396 shares of Home Depot stock in a transaction that occurred on 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 transaction, the executive vice president now owns 29,559 shares of the company’s stock, valued at approximately $5,410,183.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC lifted its stake in Home Depot by 16.4% in the second quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock valued at $108,000 after buying an additional 101 shares in the last quarter. Glassman Wealth Services lifted its stake in Home Depot by 38.3% in the second quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock valued at $166,000 after buying an additional 300 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in Home Depot by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the home improvement retailer’s stock valued at $184,000 after buying an additional 900 shares in the last quarter. Empirical Finance LLC bought a new position in Home Depot in the second quarter valued at approximately $203,000. Finally, Vivaldi Capital Management LLC bought a new position in Home Depot in the second quarter valued at approximately $206,000. 70.34% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Home Depot from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Tuesday, February 6th. Jefferies Group restated a “buy” rating and issued a $223.00 price objective on shares of Home Depot in a research report on Monday, February 5th. Stifel Nicolaus raised their price objective on shares of Home Depot from $209.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Credit Suisse Group raised their price objective on shares of Home Depot from $183.00 to $222.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $220.00 price objective (up previously from $190.00) on shares of Home Depot in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. Home Depot presently has a consensus rating of “Buy” and a consensus target price of $190.32.

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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 for Home Depot (NYSE:HD)

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