Brokerages expect that Home Depot Inc (NYSE:HD) will announce earnings of $2.27 per share for the current quarter, Zacks Investment Research reports. Twelve analysts have provided estimates for Home Depot’s earnings. The highest EPS estimate is $2.38 and the lowest is $2.16. Home Depot reported earnings per share of $1.84 in the same quarter last year, which suggests a positive year-over-year growth rate of 23.4%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, November 13th.
According to Zacks, analysts expect that Home Depot will report full-year earnings of $9.56 per share for the current year, with EPS estimates ranging from $9.38 to $9.80. For the next year, analysts anticipate that the firm will report earnings of $10.22 per share, with EPS estimates ranging from $9.90 to $10.47. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Home Depot.
Home Depot (NYSE:HD) last announced its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. During the same quarter in the prior year, the company earned $0.59 EPS. Home Depot’s revenue was up 8.4% compared to the same quarter last year.
HD has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Home Depot from a “buy” rating to a “sell” rating in a research report on Tuesday, October 16th. Citigroup increased their price objective on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Wells Fargo & Co reaffirmed a “buy” rating and set a $230.00 price objective on shares of Home Depot in a research report on Sunday, September 16th. Credit Suisse Group reaffirmed a “neutral” rating and set a $204.00 price objective (down previously from $222.00) on shares of Home Depot in a research report on Wednesday, October 17th. Finally, ValuEngine cut shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average target price of $205.28.
In other news, EVP Matt Carey sold 4,125 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total value of $806,148.75. Following the sale, the executive vice president now directly owns 60,179 shares in the company, valued at approximately $11,760,781.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William G. Lennie sold 10,854 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the sale, the executive vice president now owns 40,057 shares in the company, valued at $8,077,093.48. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. HC Financial Advisors Inc. purchased a new position in shares of Home Depot in the 4th quarter valued at $3,778,000. Wallington Asset Management LLC grew its position in shares of Home Depot by 1.0% in the 1st quarter. Wallington Asset Management LLC now owns 79,269 shares of the home improvement retailer’s stock valued at $14,129,000 after buying an additional 810 shares during the last quarter. Penserra Capital Management LLC grew its position in shares of Home Depot by 10.4% in the 1st quarter. Penserra Capital Management LLC now owns 4,111 shares of the home improvement retailer’s stock valued at $732,000 after buying an additional 388 shares during the last quarter. WESPAC Advisors LLC purchased a new position in Home Depot during the 1st quarter worth $799,000. Finally, Willingdon Wealth Management grew its position in Home Depot by 11.3% during the 1st quarter. Willingdon Wealth Management now owns 15,508 shares of the home improvement retailer’s stock worth $2,764,000 after purchasing an additional 1,580 shares during the last quarter. Institutional investors and hedge funds own 69.27% of the company’s stock.
NYSE:HD opened at $185.99 on Friday. The company has a debt-to-equity ratio of 11.60, a current ratio of 1.13 and a quick ratio of 0.37. The company has a market cap of $214.22 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.47 and a beta of 1.26. Home Depot has a fifty-two week low of $162.93 and a fifty-two week high of $215.43.
About Home Depot
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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