Home Depot (NYSE:HD) Issues FY 2020 Pre-Market Earnings Guidance

Home Depot (NYSE:HD) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of 10.45-10.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.08. The company issued revenue guidance of $114.083-114.634 billion, compared to the consensus revenue estimate of $110.24 billion.Home Depot also updated its FY21 guidance to ~$10.45 EPS.

Several research firms have weighed in on HD. SunTrust Banks reiterated a hold rating and issued a $240.00 target price on shares of Home Depot in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Home Depot from $241.00 to $260.00 and gave the stock an overweight rating in a report on Wednesday. Cfra raised their price objective on shares of Home Depot from $230.00 to $255.00 and gave the stock a hold rating in a report on Tuesday. Raymond James raised their price objective on shares of Home Depot from $250.00 to $270.00 and gave the stock an outperform rating in a report on Wednesday. Finally, Nomura raised their price objective on shares of Home Depot from $224.00 to $240.00 and gave the stock a neutral rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $246.44.

Shares of NYSE:HD traded down $2.10 during midday trading on Wednesday, hitting $235.28. The stock had a trading volume of 6,962,613 shares, compared to its average volume of 3,386,937. The company’s 50-day moving average price is $234.53 and its 200-day moving average price is $227.15. The company has a market capitalization of $261.47 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. Home Depot has a fifty-two week low of $179.52 and a fifty-two week high of $247.36.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.11 by $0.17. The business had revenue of $25.78 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. As a group, equities research analysts expect that Home Depot will post 10.08 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 2.55%. This is a positive change from Home Depot’s previous quarterly dividend of $1.36. The ex-dividend date is Wednesday, March 11th. Home Depot’s payout ratio is presently 55.01%.

In other news, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $213.70, for a total value of $2,772,543.80. Following the sale, the executive vice president now directly owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total transaction of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares in the company, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold a total of 126,552 shares of company stock worth $26,765,281 over the last three months. Insiders own 0.27% of the company’s stock.

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 d├ęcor 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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