Wall Street brokerages expect Home Depot Inc (NYSE:HD) to post earnings per share (EPS) of $2.10 for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Home Depot’s earnings. The lowest EPS estimate is $2.05 and the highest is $2.22. Home Depot posted earnings of $2.25 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The company is expected to report its next earnings report on Tuesday, February 25th.
On average, analysts expect that Home Depot will report full-year earnings of $10.07 per share for the current year, with EPS estimates ranging from $10.00 to $10.19. For the next financial year, analysts forecast that the business will report earnings of $10.84 per share, with EPS estimates ranging from $10.69 to $11.20. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Home Depot.
Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.53. The firm had revenue of $27.22 billion for the quarter, compared to the consensus estimate of $27.51 billion. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 EPS.
Several research analysts have recently issued reports on the company. Argus set a $240.00 price objective on Home Depot and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Wolfe Research initiated coverage on Home Depot in a research report on Tuesday, October 8th. They issued a “buy” rating and a $260.00 target price on the stock. Wells Fargo & Co reiterated a “buy” rating and issued a $260.00 target price on shares of Home Depot in a research report on Tuesday, November 19th. Telsey Advisory Group increased their price target on shares of Home Depot from $210.00 to $220.00 and gave the stock a “market perform” rating in a report on Wednesday, September 25th. Finally, Citigroup raised their price target on shares of Home Depot from $246.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $235.29.
HD traded down $0.66 on Wednesday, reaching $213.34. 2,486,161 shares of the stock were exchanged, compared to its average volume of 5,027,558. The company’s 50-day moving average price is $230.67 and its 200 day moving average price is $217.82. The firm has a market capitalization of $240.54 billion, a PE ratio of 21.57, a PEG ratio of 2.22 and a beta of 1.01. Home Depot has a fifty-two week low of $158.09 and a fifty-two week high of $239.31.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a $1.36 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $5.44 annualized dividend and a yield of 2.55%. Home Depot’s dividend payout ratio is presently 55.01%.
Several hedge funds and other institutional investors have recently modified their holdings of HD. Princeton Global Asset Management LLC grew its position in shares of Home Depot by 5.8% during the 3rd quarter. Princeton Global Asset Management LLC now owns 4,156 shares of the home improvement retailer’s stock valued at $961,000 after acquiring an additional 227 shares during the period. Prestige Wealth Management Group LLC boosted its position in Home Depot by 3.6% during the third quarter. Prestige Wealth Management Group LLC now owns 3,267 shares of the home improvement retailer’s stock worth $758,000 after purchasing an additional 114 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Home Depot in the third quarter valued at approximately $62,846,000. Voloridge Investment Management LLC acquired a new stake in Home Depot in the third quarter valued at approximately $16,072,000. Finally, IHT Wealth Management LLC grew its holdings in Home Depot by 8.9% in the third quarter. IHT Wealth Management LLC now owns 16,827 shares of the home improvement retailer’s stock valued at $3,908,000 after purchasing an additional 1,369 shares during the period. 69.62% of the stock is currently owned by institutional investors and hedge funds.
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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