$1.80 EPS Expected for Home Depot, Inc. (The) (HD) This Quarter

Wall Street analysts predict that Home Depot, Inc. (The) (NYSE:HD) will post earnings per share (EPS) of $1.80 for the current quarter, according to Zacks. Nine analysts have issued estimates for Home Depot, Inc. (The)’s earnings. The lowest EPS estimate is $1.80 and the highest is $1.81. Home Depot, Inc. (The) reported earnings of $1.60 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The company is scheduled to announce its next earnings results on Tuesday, November 21st.

On average, analysts expect that Home Depot, Inc. (The) will report full-year earnings of $7.31 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.35. For the next fiscal year, analysts expect that the company will report earnings of $8.24 per share, with EPS estimates ranging from $8.00 to $8.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Home Depot, Inc. (The).

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings results on Tuesday, August 15th. The home improvement retailer reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.04. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. The firm had revenue of $28.11 billion during the quarter, compared to analysts’ expectations of $27.84 billion. During the same period last year, the firm posted $1.97 EPS. The business’s revenue was up 6.2% on a year-over-year basis.

HD has been the subject of several recent analyst reports. Vetr cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating and set a $164.09 target price for the company. in a research note on Monday, June 19th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Home Depot, Inc. (The) in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “buy” rating and set a $182.00 target price on shares of Home Depot, Inc. (The) in a research note on Friday, June 23rd. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research note on Wednesday, July 12th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $152.00 target price on shares of Home Depot, Inc. (The) in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $172.38.

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In other Home Depot, Inc. (The) news, EVP Matt Carey sold 32,000 shares of the stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total transaction of $5,027,200.00. Following the completion of the sale, the executive vice president now directly owns 62,483 shares in the company, valued at approximately $9,816,079.30. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ann Marie Campbell sold 10,717 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $152.40, for a total value of $1,633,270.80. Following the sale, the executive vice president now owns 64,810 shares of the company’s stock, valued at $9,877,044. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,717 shares of company stock valued at $8,916,321. Company insiders own 0.26% of the company’s stock.

A number of institutional investors have recently modified their holdings of HD. American Beacon Advisors Inc. bought a new position in shares of Home Depot, Inc. (The) during the 1st quarter worth about $100,000. Jacobi Capital Management LLC boosted its position in shares of Home Depot, Inc. (The) by 16.4% during the 2nd quarter. Jacobi Capital Management LLC now owns 717 shares of the home improvement retailer’s stock worth $108,000 after purchasing an additional 101 shares in the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Home Depot, Inc. (The) by 114.1% during the 1st quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after purchasing an additional 397 shares in the last quarter. Glassman Wealth Services boosted its position in shares of Home Depot, Inc. (The) by 38.3% during the 2nd quarter. Glassman Wealth Services now owns 1,084 shares of the home improvement retailer’s stock worth $166,000 after purchasing an additional 300 shares in the last quarter. Finally, St. Johns Investment Management Company LLC boosted its position in shares of Home Depot, Inc. (The) by 81.8% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 1,100 shares of the home improvement retailer’s stock worth $169,000 after purchasing an additional 495 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Home Depot, Inc. (HD) traded down 0.15% during midday trading on Monday, reaching $164.22. The company had a trading volume of 2,586,716 shares. The stock has a market cap of $193.59 billion, a P/E ratio of 23.59 and a beta of 1.07. Home Depot, Inc. has a 12 month low of $119.20 and a 12 month high of $166.63. The firm has a 50-day moving average of $159.68 and a 200-day moving average of $154.12.

Home Depot, Inc. (The) 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.

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Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)

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