The Home Depot (NYSE:HD) released its quarterly earnings data on Tuesday. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.63 by $0.02, MarketWatch Earnings reports. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The firm had revenue of $32.26 billion for the quarter, compared to analysts’ expectations of $27.10 billion. During the same quarter in the previous year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year.
Shares of NYSE:HD traded down $9.72 during trading on Tuesday, hitting $266.13. 617,755 shares of the stock traded hands, compared to its average volume of 3,636,138. The company has a quick ratio of 0.72, a current ratio of 1.36 and a debt-to-equity ratio of 21.39. The company has a market cap of $286.52 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.13 and a beta of 1.03. The company has a fifty day moving average price of $275.56 and a two-hundred day moving average price of $275.77. The Home Depot has a 52-week low of $140.63 and a 52-week high of $292.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 25th. Stockholders of record on Thursday, March 11th will be issued a dividend of $1.65 per share. This represents a $6.60 annualized dividend and a dividend yield of 2.48%. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s payout ratio is 58.54%.
A number of research firms have issued reports on HD. Zelman & Associates upgraded shares of The Home Depot from a “hold” rating to a “buy” rating in a research report on Friday, February 12th. Wedbush cut shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 11th. Telsey Advisory Group raised shares of The Home Depot from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $300.00 to $315.00 in a research note on Monday, November 16th. Guggenheim raised shares of The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 target price on the stock in a research note on Wednesday, January 13th. Finally, Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 target price on the stock in a research note on Thursday, November 12th. Five equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The Home Depot currently has an average rating of “Buy” and a consensus target price of $293.25.
About The 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 dÃ©cor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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