Home Depot (HD) Issues FY18 Earnings Guidance

Home Depot (NYSE:HD) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $7.36 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.39. The company issued revenue guidance of +6.3% YoY to ~$100.6 billion, compared to the consensus revenue estimate of $100.68 billion.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Home Depot from a hold rating to a buy rating and set a $167.00 price objective on the stock in a research note on Thursday, August 24th. Telsey Advisory Group increased their price target on shares of Home Depot from $180.00 to $190.00 and gave the stock an outperform rating in a research note on Monday. Robert W. Baird restated an outperform rating and set a $195.00 price target on shares of Home Depot in a research note on Thursday, November 30th. Bank of America increased their price target on shares of Home Depot from $170.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, Longbow Research restated a buy rating and set a $175.00 price target on shares of Home Depot in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average target price of $177.22.

Shares of Home Depot (HD) opened at $182.85 on Wednesday. The firm has a market cap of $215,916.78, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Home Depot has a 52-week low of $128.68 and a 52-week high of $186.31. The company has a current ratio of 1.23, a quick ratio of 0.39 and a debt-to-equity ratio of 9.54.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.03. Home Depot had a return on equity of 238.88% and a net margin of 8.66%. The firm had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same period last year, the firm posted $1.60 EPS. The business’s revenue was up 8.1% compared to the same quarter last year. equities research analysts forecast that Home Depot will post 7.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.56 annualized dividend and a dividend yield of 1.95%. Home Depot’s dividend payout ratio is presently 49.44%.

In related news, EVP Matt Carey sold 32,000 shares of the company’s stock in a transaction on 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 owns 62,483 shares in the company, valued at $9,816,079.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HD. Jackson Grant Investment Advisers Inc. boosted its position in shares of Home Depot by 0.4% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 1,651 shares of the home improvement retailer’s stock worth $253,000 after purchasing an additional 7 shares in the last quarter. Mcdaniel Terry & Co. increased its stake in shares of Home Depot by 0.5% in the 2nd quarter. Mcdaniel Terry & Co. now owns 1,678 shares of the home improvement retailer’s stock valued at $257,000 after purchasing an additional 9 shares in the last quarter. Highland Private Wealth Management increased its stake in shares of Home Depot by 1.7% in the 2nd quarter. Highland Private Wealth Management now owns 1,635 shares of the home improvement retailer’s stock valued at $251,000 after purchasing an additional 28 shares in the last quarter. Baltimore Capital Management Inc. increased its stake in shares of Home Depot by 0.9% in the 2nd quarter. Baltimore Capital Management Inc. now owns 4,265 shares of the home improvement retailer’s stock valued at $654,000 after purchasing an additional 40 shares in the last quarter. Finally, Autus Asset Management LLC increased its stake in shares of Home Depot by 2.5% in the 2nd quarter. Autus Asset Management LLC now owns 2,197 shares of the home improvement retailer’s stock valued at $337,000 after purchasing an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

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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.

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

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