Q2 2020 EPS Estimates for Home Depot Inc Lowered by Analyst (NYSE:HD)

Home Depot Inc (NYSE:HD) – Equities researchers at KeyCorp lowered their Q2 2020 earnings per share estimates for Home Depot in a research report issued on Sunday, August 18th. KeyCorp analyst B. Thomas now forecasts that the home improvement retailer will earn $3.08 per share for the quarter, down from their prior estimate of $3.15. KeyCorp has a “Hold” rating on the stock.

Other analysts have also recently issued research reports about the company. Argus set a $240.00 price target on Home Depot and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Co restated an “outperform” rating and issued a $235.00 price target (up previously from $230.00) on shares of Home Depot in a research report on Wednesday. ValuEngine lowered Home Depot from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Robert W. Baird upped their price objective on Home Depot from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Loop Capital upped their price objective on Home Depot to $200.00 and gave the stock a “hold” rating in a research note on Wednesday. Eleven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $220.11.

Home Depot stock opened at $221.02 on Wednesday. The stock has a market cap of $228.80 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Home Depot has a one year low of $158.09 and a one year high of $222.65. The stock has a fifty day moving average of $212.40 and a 200 day moving average of $199.39.

Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. Home Depot’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.05 earnings per share.

A number of institutional investors have recently made changes to their positions in the stock. Headinvest LLC boosted its stake in Home Depot by 3.5% during the second quarter. Headinvest LLC now owns 2,921 shares of the home improvement retailer’s stock valued at $607,000 after buying an additional 100 shares during the last quarter. Farmers National Bank boosted its stake in Home Depot by 4.5% during the second quarter. Farmers National Bank now owns 17,988 shares of the home improvement retailer’s stock valued at $3,741,000 after buying an additional 767 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Home Depot by 0.7% during the second quarter. Hodges Capital Management Inc. now owns 28,516 shares of the home improvement retailer’s stock valued at $5,930,000 after buying an additional 206 shares during the last quarter. Colonial Trust Advisors boosted its stake in Home Depot by 4.4% during the second quarter. Colonial Trust Advisors now owns 47,004 shares of the home improvement retailer’s stock valued at $9,775,000 after buying an additional 1,962 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in Home Depot during the second quarter valued at approximately $484,000. 69.35% of the stock is owned by institutional investors.

In related news, EVP Teresa Wynn Roseborough sold 8,500 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $194.38, for a total transaction of $1,652,230.00. Following the completion of the transaction, the executive vice president now directly owns 13,357 shares of the company’s stock, valued at $2,596,333.66. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Matt Carey sold 34,688 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $202.09, for a total value of $7,010,097.92. Following the transaction, the executive vice president now directly owns 81,982 shares of the company’s stock, valued at $16,567,742.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,522 shares of company stock valued at $13,643,931. 0.27% of the stock is owned by corporate insiders.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. Home Depot’s payout ratio is presently 55.01%.

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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