Home Depot Inc (HD) Forecasted to Earn Q4 2018 Earnings of $1.56 Per Share

Home Depot Inc (NYSE:HD) – Analysts at Oppenheimer Holdings lowered their Q4 2018 earnings estimates for Home Depot in a note issued to investors on Tuesday. Oppenheimer Holdings analyst B. Nagel now forecasts that the home improvement retailer will earn $1.56 per share for the quarter, down from their prior forecast of $1.58. Oppenheimer Holdings has a “Buy” rating and a $178.00 price target on the stock.

Several other brokerages have also recently issued reports on HD. Telsey Advisory Group reiterated an “outperform” rating and set a $175.00 price target (up from $154.00) on shares of Home Depot in a research report on Wednesday. Stifel Nicolaus reiterated a “buy” rating and set a $178.00 price target (up from $165.00) on shares of Home Depot in a research report on Wednesday. BMO Capital Markets set a $176.00 price target on Home Depot and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird set a $175.00 price target on Home Depot and gave the company a “buy” rating in a research report on Wednesday. Finally, Argus reiterated a “buy” rating and set a $180.00 price target (up from $160.00) on shares of Home Depot in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $162.77.

Earnings History and Estimates for Home Depot (NYSE:HD)

COPYRIGHT VIOLATION NOTICE: This report was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.themarketsdaily.com/2017/05/19/home-depot-inc-hd-forecasted-to-earn-q4-2018-earnings-of-1-56-per-share.html.

Home Depot (NYSE:HD) traded up 0.48% during mid-day trading on Thursday, reaching $156.44. The company’s stock had a trading volume of 2,321,890 shares. The firm has a market capitalization of $187.42 billion, a P/E ratio of 23.41 and a beta of 1.09. The firm’s 50 day moving average price is $151.91 and its 200 day moving average price is $140.67. Home Depot has a 52 week low of $119.20 and a 52 week high of $160.86.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.61 by $0.06. The company had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. Home Depot’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share.

Institutional investors have recently bought and sold shares of the stock. Highstreet Asset Management Inc. raised its position in Home Depot by 58.5% in the third quarter. Highstreet Asset Management Inc. now owns 17,392 shares of the home improvement retailer’s stock valued at $2,238,000 after buying an additional 6,422 shares during the period. First Merchants Corp raised its position in Home Depot by 1.2% in the third quarter. First Merchants Corp now owns 2,086 shares of the home improvement retailer’s stock valued at $268,000 after buying an additional 25 shares during the period. Berkshire Asset Management LLC PA raised its position in Home Depot by 0.6% in the third quarter. Berkshire Asset Management LLC PA now owns 16,112 shares of the home improvement retailer’s stock valued at $2,073,000 after buying an additional 96 shares during the period. Gilman Hill Asset Management LLC raised its position in Home Depot by 8.8% in the third quarter. Gilman Hill Asset Management LLC now owns 13,487 shares of the home improvement retailer’s stock valued at $1,735,000 after buying an additional 1,093 shares during the period. Finally, Grimes & Company Inc. raised its position in Home Depot by 7.5% in the third quarter. Grimes & Company Inc. now owns 5,581 shares of the home improvement retailer’s stock valued at $718,000 after buying an additional 390 shares during the period. Institutional investors own 71.53% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.29%. Home Depot’s dividend payout ratio (DPR) is currently 44.66%.

Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

Receive News & Ratings for Home Depot Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply