Home Depot (NYSE:HD) Updates FY20 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $10.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.10. The company issued revenue guidance of +1.8% yr/yr to ~$110.2 billion, compared to the consensus revenue estimate of $110.27 billion.

Shares of HD stock opened at $213.42 on Wednesday. The stock has a fifty day moving average price of $227.61 and a 200 day moving average price of $218.60. The stock has a market cap of $233.74 billion, a PE ratio of 21.58, a P/E/G ratio of 2.00 and a beta of 1.01. Home Depot has a 1 year low of $158.09 and a 1 year high of $239.31.

Home Depot (NYSE:HD) last released its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The company had revenue of $27.22 billion during the quarter, compared to analysts’ expectations of $27.51 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Home Depot will post 10.07 EPS for the current year.

The business also recently declared 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 of this dividend is Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.55%. Home Depot’s dividend payout ratio (DPR) is 55.01%.

A number of equities analysts have recently weighed in on the company. Goldman Sachs Group boosted their price target on Home Depot to $246.00 and gave the stock a buy rating in a report on Tuesday, November 19th. They noted that the move was a valuation call. Wells Fargo & Co reissued a buy rating and issued a $260.00 price target on shares of Home Depot in a report on Tuesday, November 19th. Nomura assumed coverage on Home Depot in a report on Friday, November 8th. They issued a neutral rating and a $240.00 price target for the company. Wedbush reissued a neutral rating and issued a $230.00 price target on shares of Home Depot in a report on Wednesday, November 20th. Finally, DZ Bank cut Home Depot from a hold rating to a sell rating in a report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $235.29.

Home Depot Company Profile

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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