Home Depot (NYSE:HD) Releases FY21 Earnings Guidance

Home Depot (NYSE:HD) issued an update on its FY21 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ~$10.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.55. The company issued revenue guidance of +3.5-4.0% yr/yr to $114.1-114.6 billion, compared to the consensus revenue estimate of $114.91 billion.Home Depot also updated its FY 2020
Pre-Market guidance to 10.45-10.45 EPS.

Several equities research analysts have recently issued reports on the stock. Cfra increased their price objective on shares of Home Depot from $230.00 to $255.00 and gave the stock a hold rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on shares of Home Depot from $245.00 to $270.00 and gave the company a buy rating in a research report on Wednesday. Raymond James upped their target price on shares of Home Depot from $250.00 to $270.00 and gave the stock an outperform rating in a research note on Wednesday. Morgan Stanley increased their target price on Home Depot from $245.00 to $260.00 and gave the stock an overweight rating in a report on Friday, February 21st. Finally, Longbow Research reissued a buy rating and issued a $255.00 price target on shares of Home Depot in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $246.44.

Shares of Home Depot stock traded down $2.10 on Wednesday, reaching $235.28. 6,962,613 shares of the company were exchanged, compared to its average volume of 3,386,937. Home Depot has a one year low of $179.52 and a one year high of $247.36. The company has a market capitalization of $261.47 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 2.04 and a beta of 1.01. The company has a 50-day moving average of $234.53 and a 200 day moving average of $227.15.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, February 25th. The home improvement retailer reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.17. Home Depot had a net margin of 10.01% and a negative return on equity of 721.00%. The business had revenue of $25.78 billion during the quarter, compared to analysts’ expectations of $25.78 billion. During the same period last year, the business earned $2.25 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Analysts anticipate that Home Depot will post 10.08 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th will be given a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Wednesday, March 11th. This is an increase from Home Depot’s previous quarterly dividend of $1.36. Home Depot’s dividend payout ratio (DPR) is 55.01%.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total transaction of $2,772,543.80. Following the completion of the sale, the executive vice president now owns 26,335 shares of the company’s stock, valued at approximately $5,627,789.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $211.24, for a total value of $23,968,980.32. Following the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at approximately $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 90 days. 0.27% of the stock is owned by company insiders.

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 d├ęcor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.

Further Reading: Dividend

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

Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.