The Home Depot (NYSE:HD) Releases Earnings Results

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 décor 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 The Home Depot (NYSE:HD)

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