Home Depot (HD) Scheduled to Post Quarterly Earnings on Tuesday

Home Depot (NYSE:HD) is scheduled to announce its earnings results before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $2.19 per share for the quarter.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, topping the Zacks’ consensus estimate of $2.16 by $0.09. The business had revenue of $26.49 billion during the quarter, compared to the consensus estimate of $26.57 billion. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.69 earnings per share. On average, analysts expect Home Depot to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of Home Depot stock opened at $190.34 on Tuesday. The stock has a market capitalization of $210.09 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.69 and a beta of 1.09. The company has a quick ratio of 0.28, a current ratio of 1.11 and a debt-to-equity ratio of 17.68. Home Depot has a one year low of $158.09 and a one year high of $215.43.

Home Depot declared that its Board of Directors has approved a share buyback program on Tuesday, February 26th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to purchase up to 6.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares in the company, valued at approximately $9,423,710.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now owns 86,813 shares in the company, valued at approximately $15,880,702.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,194 shares of company stock worth $7,553,141. Corporate insiders own 0.27% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Ellevest Inc. purchased a new stake in Home Depot in the 1st quarter worth approximately $28,000. Portfolio Solutions LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $26,000. Nalls Sherbakoff Group LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $30,000. RPg Family Wealth Advisory LLC purchased a new stake in Home Depot in the 4th quarter worth approximately $49,000. Finally, Private Ocean LLC boosted its position in Home Depot by 63.3% in the 1st quarter. Private Ocean LLC now owns 338 shares of the home improvement retailer’s stock worth $65,000 after purchasing an additional 131 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.

A number of equities analysts have commented on HD shares. Citigroup reduced their target price on shares of Home Depot from $224.00 to $218.00 and set a “buy” rating for the company in a report on Monday, April 1st. Edward Jones upgraded shares of Home Depot from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Deutsche Bank boosted their target price on shares of Home Depot from $200.00 to $208.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Royal Bank of Canada cut their price objective on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Finally, Credit Suisse Group set a $194.00 price objective on shares of Home Depot and gave the company a “hold” rating in a report on Tuesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Home Depot presently has an average rating of “Buy” and a consensus target price of $204.71.

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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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

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Earnings History for Home Depot (NYSE:HD)

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