Zacks: Brokerages Expect Home Depot Inc (NYSE:HD) Will Post Earnings of $2.10 Per Share

Brokerages predict that Home Depot Inc (NYSE:HD) will report earnings of $2.10 per share for the current quarter, according to Zacks. Nine analysts have made estimates for Home Depot’s earnings, with the highest EPS estimate coming in at $2.22 and the lowest estimate coming in at $2.05. Home Depot posted earnings of $2.25 per share during the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The firm is expected to announce its next earnings results on Tuesday, February 25th.

According to Zacks, analysts expect that Home Depot will report full-year earnings of $10.07 per share for the current fiscal year, with EPS estimates ranging from $10.00 to $10.19. For the next fiscal year, analysts expect that the business will report earnings of $10.84 per share, with EPS estimates ranging from $10.69 to $11.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Home Depot.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The business had revenue of $27.22 billion during the quarter, compared to analyst estimates of $27.51 billion. During the same period in the prior year, the company posted $2.51 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year.

A number of brokerages recently issued reports on HD. UBS Group increased their target price on shares of Home Depot from $215.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. ValuEngine downgraded shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Monday, November 25th. SunTrust Banks upped their price target on shares of Home Depot from $208.00 to $225.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price objective on shares of Home Depot from $246.00 to $268.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Guggenheim cut Home Depot from a “buy” rating to a “neutral” rating in a report on Tuesday, September 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $235.29.

Shares of NYSE HD traded down $0.66 during midday trading on Wednesday, reaching $213.34. 2,486,161 shares of the company traded hands, compared to its average volume of 5,027,558. The company has a market cap of $240.54 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.22 and a beta of 1.01. The stock has a 50-day moving average price of $230.67 and a 200 day moving average price of $217.82. Home Depot has a 52 week low of $158.09 and a 52 week high of $239.31.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $1.36 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot’s payout ratio is currently 55.01%.

Hedge funds have recently added to or reduced their stakes in the business. Haverford Trust Co. lifted its position in shares of Home Depot by 48.3% in the second quarter. Haverford Trust Co. now owns 85,280 shares of the home improvement retailer’s stock worth $17,736,000 after buying an additional 27,760 shares during the last quarter. Berkeley Capital Partners LLC raised its stake in shares of Home Depot by 22.0% in the 2nd quarter. Berkeley Capital Partners LLC now owns 5,521 shares of the home improvement retailer’s stock valued at $1,148,000 after acquiring an additional 996 shares in the last quarter. BB&T Securities LLC lifted its holdings in Home Depot by 3.8% in the 2nd quarter. BB&T Securities LLC now owns 257,070 shares of the home improvement retailer’s stock worth $53,462,000 after purchasing an additional 9,329 shares during the last quarter. Hilltop Holdings Inc. lifted its holdings in Home Depot by 36.7% in the 2nd quarter. Hilltop Holdings Inc. now owns 8,203 shares of the home improvement retailer’s stock worth $1,706,000 after purchasing an additional 2,204 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC lifted its holdings in Home Depot by 1.2% in the 2nd quarter. Nelson Roberts Investment Advisors LLC now owns 39,393 shares of the home improvement retailer’s stock worth $8,193,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 69.62% of the company’s stock.

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

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