The Home Depot (NYSE:HD) Releases Earnings Results, Beats Expectations By $0.02 EPS

The Home Depot (NYSE:HD) posted its quarterly earnings results on Tuesday. The home improvement retailer reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.02, MarketWatch Earnings reports. The company had revenue of $32.26 billion during the quarter, compared to analyst estimates of $27.10 billion. The Home Depot had a net margin of 9.94% and a negative return on equity of 910.85%. The Home Depot’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS.

HD traded down $9.60 on Tuesday, hitting $266.25. 604,264 shares of the company’s stock were exchanged, compared to its average volume of 3,636,138. The Home Depot has a fifty-two week low of $140.63 and a fifty-two week high of $292.95. The stock has a market cap of $286.65 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.13 and a beta of 1.03. The firm has a 50-day moving average price of $275.56 and a 200-day moving average price of $275.77. The company has a current ratio of 1.36, a quick ratio of 0.72 and a debt-to-equity ratio of 21.39.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 25th. Shareholders of record on Thursday, March 11th will be issued a $1.65 dividend. This represents a $6.60 dividend on an annualized basis and a yield of 2.48%. This is a positive change from The Home Depot’s previous quarterly dividend of $1.50. The Home Depot’s dividend payout ratio (DPR) is presently 58.54%.

Several equities research analysts have commented on HD shares. Gordon Haskett raised shares of The Home Depot from an “accumulate” rating to a “buy” rating and set a $315.00 price target on the stock in a report on Thursday, November 12th. Telsey Advisory Group raised The Home Depot from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $300.00 to $315.00 in a report on Monday, November 16th. Piper Sandler raised their target price on The Home Depot from $288.00 to $296.00 and gave the stock a “neutral” rating in a report on Wednesday, November 18th. They noted that the move was a valuation call. Guggenheim raised The Home Depot from a “neutral” rating to a “buy” rating and set a $310.00 price target for the company in a report on Wednesday, January 13th. Finally, Wedbush cut shares of The Home Depot from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 11th. Five research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $293.25.

The 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.

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Earnings History for The Home Depot (NYSE:HD)

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