Q3 2019 EPS Estimates for Home Depot Inc Increased by Analyst (HD)

Home Depot Inc (NYSE:HD) – KeyCorp upped their Q3 2019 earnings per share (EPS) estimates for shares of Home Depot in a research report issued to clients and investors on Tuesday, August 14th. KeyCorp analyst B. Thomas now anticipates that the home improvement retailer will post earnings of $2.32 per share for the quarter, up from their previous forecast of $2.31. KeyCorp also issued estimates for Home Depot’s Q4 2019 earnings at $2.20 EPS, FY2019 earnings at $9.65 EPS and FY2020 earnings at $10.30 EPS.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.84 by $0.21. The firm had revenue of $30.46 billion during the quarter, compared to analysts’ expectations of $30.04 billion. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. Home Depot’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 earnings per share.

Several other research analysts have also recently issued reports on HD. Piper Jaffray Companies reiterated a “hold” rating and issued a $203.00 price objective on shares of Home Depot in a research report on Thursday. Wells Fargo & Co set a $205.00 price objective on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, May 15th. ValuEngine upgraded Home Depot from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. UBS Group increased their price objective on Home Depot from $212.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, June 20th. Finally, Loop Capital set a $187.00 price objective on Home Depot and gave the stock a “hold” rating in a research report on Tuesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus price target of $203.35.

NYSE:HD opened at $195.39 on Thursday. The firm has a market capitalization of $226.44 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. Home Depot has a 1 year low of $146.89 and a 1 year high of $207.60.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lucia Wealth Services LLC acquired a new stake in Home Depot in the 1st quarter worth about $101,000. Amussen Hunsaker Associates LLC acquired a new stake in Home Depot in the 2nd quarter worth about $107,000. Ford Financial Group Inc. acquired a new stake in Home Depot in the 4th quarter worth about $108,000. Earnest Partners LLC acquired a new stake in Home Depot in the 4th quarter worth about $108,000. Finally, Institutional & Family Asset Management LLC acquired a new stake in Home Depot in the 1st quarter worth about $108,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephanie Linnartz purchased 1,000 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was acquired at an average price of $187.57 per share, for a total transaction of $187,570.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 30th will be given a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.11%. Home Depot’s dividend payout ratio is currently 55.23%.

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.

Read More: Earnings Per Share

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

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