Home Depot (HD) to Release Quarterly Earnings on Tuesday

Home Depot (NYSE:HD) is set to announce its earnings results before the market opens on Tuesday, November 13th. Analysts expect the company to announce earnings of $2.28 per share for the quarter. Home Depot has set its FY19 guidance at $9.42 EPS.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.21. The business had revenue of $30.46 billion for the quarter, compared to the consensus estimate of $30.04 billion. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, analysts expect Home Depot to post $10 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Home Depot stock opened at $185.99 on Friday. The company has a market capitalization of $214.22 billion, a PE ratio of 24.93, a PEG ratio of 1.47 and a beta of 1.26. The company has a current ratio of 1.13, a quick ratio of 0.37 and a debt-to-equity ratio of 11.60. Home Depot has a fifty-two week low of $162.93 and a fifty-two week high of $215.43.

Several research analysts have recently weighed in on HD shares. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $223.00 target price on the stock in a research report on Tuesday, July 17th. Citigroup lifted their target price on shares of Home Depot from $205.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, August 10th. Piper Jaffray Companies reissued a “hold” rating and issued a $203.00 target price on shares of Home Depot in a research report on Thursday, August 16th. Jefferies Financial Group started coverage on shares of Home Depot in a research report on Tuesday, August 21st. They issued a “buy” rating and a $228.00 target price on the stock. Finally, Wells Fargo & Co reissued a “buy” rating and issued a $230.00 target price on shares of Home Depot in a research report on Sunday, September 16th. Nine investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $205.28.

In other Home Depot news, EVP William G. Lennie sold 10,854 shares of Home Depot stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total value of $2,188,600.56. Following the completion of the sale, the executive vice president now directly owns 40,057 shares in the company, valued at $8,077,093.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Carey sold 4,125 shares of Home Depot stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $195.43, for a total transaction of $806,148.75. Following the completion of the sale, the executive vice president now owns 60,179 shares of the company’s stock, valued at $11,760,781.97. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

A hedge fund recently bought a new stake in Home Depot stock. HC Financial Advisors Inc. bought a new stake in Home Depot Inc (NYSE:HD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,932 shares of the home improvement retailer’s stock, valued at approximately $3,778,000. Home Depot comprises approximately 3.7% of HC Financial Advisors Inc.’s portfolio, making the stock its 4th biggest holding. 69.27% of the stock is owned by institutional investors.

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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 for Home Depot (NYSE:HD)

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