Home Depot Inc Expected to Earn Q3 2018 Earnings of $1.76 Per Share (HD)
Home Depot Inc (NYSE:HD) – Oppenheimer Holdings lowered their Q3 2018 EPS estimates for Home Depot in a report issued on Tuesday. Oppenheimer Holdings analyst B. Nagel now expects that the home improvement retailer will post earnings of $1.76 per share for the quarter, down from their previous forecast of $1.78. Oppenheimer Holdings currently has a “Buy” rating and a $178.00 price target on the stock. Oppenheimer Holdings also issued estimates for Home Depot’s FY2018 earnings at $7.20 EPS.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, May 16th. The home improvement retailer reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.06. The business had revenue of $23.89 billion during the quarter, compared to analysts’ expectations of $23.74 billion. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 earnings per share.
Several other equities analysts have also recently issued reports on the company. Credit Suisse Group AG set a $148.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Saturday, February 18th. Atlantic Securities cut Home Depot from an “overweight” rating to a “neutral” rating and set a $168.00 price objective for the company. in a report on Thursday, May 11th. Citigroup Inc reaffirmed a “buy” rating and set a $179.00 price objective (up from $168.00) on shares of Home Depot in a report on Wednesday. Barclays PLC reaffirmed an “overweight” rating and set a $165.00 price objective (up from $150.00) on shares of Home Depot in a report on Wednesday. Finally, BMO Capital Markets set a $176.00 price objective on Home Depot and gave the stock a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nineteen have given a buy rating to the company. Home Depot has a consensus rating of “Buy” and a consensus target price of $163.01.
Home Depot (NYSE:HD) traded up 0.19% during mid-day trading on Wednesday, hitting $156.39. The stock had a trading volume of 2,554,996 shares. Home Depot has a 12-month low of $119.20 and a 12-month high of $160.86. The firm has a market cap of $187.36 billion, a P/E ratio of 23.40 and a beta of 1.09. The stock has a 50-day moving average price of $151.66 and a 200 day moving average price of $140.56.
A number of large investors have recently bought and sold shares of HD. American Beacon Advisors Inc. purchased a new stake in Home Depot during the first quarter worth about $100,000. Kistler Tiffany Companies LLC increased its stake in Home Depot by 18.5% in the first quarter. Kistler Tiffany Companies LLC now owns 686 shares of the home improvement retailer’s stock worth $101,000 after buying an additional 107 shares during the period. Advantage Investment Management LLC purchased a new stake in Home Depot during the fourth quarter worth about $103,000. Riggs Asset Managment Co. Inc. increased its stake in Home Depot by 114.1% in the first quarter. Riggs Asset Managment Co. Inc. now owns 745 shares of the home improvement retailer’s stock worth $109,000 after buying an additional 397 shares during the period. Finally, CT Financial Advisors LLC increased its stake in Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock worth $111,000 after buying an additional 3 shares during the period. 71.53% of the stock is owned by hedge funds and other institutional investors.
About Home Depot
The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.
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