Home Depot, Inc. (The) (NYSE:HD) – Research analysts at Jefferies Group raised their FY2018 earnings per share estimates for shares of Home Depot, Inc. (The) in a research report issued on Tuesday. Jefferies Group analyst D. Binder now expects that the home improvement retailer will earn $7.36 per share for the year, up from their previous estimate of $7.31. Jefferies Group has a “Buy” rating and a $182.00 price objective on the stock. Jefferies Group also issued estimates for Home Depot, Inc. (The)’s Q4 2018 earnings at $1.60 EPS, Q1 2019 earnings at $1.84 EPS, Q2 2019 earnings at $2.46 EPS, Q3 2019 earnings at $2.06 EPS, Q4 2019 earnings at $2.05 EPS, FY2019 earnings at $8.40 EPS, FY2020 earnings at $9.09 EPS, FY2021 earnings at $10.09 EPS and FY2022 earnings at $11.21 EPS.

Home Depot, Inc. (The) (NYSE:HD) last released its quarterly earnings data on Tuesday, November 14th. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.03. Home Depot, Inc. (The) had a return on equity of 217.61% and a net margin of 8.66%. The business had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.53 billion. During the same quarter in the previous year, the firm posted $1.60 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. TRADEMARK VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and reposted in violation of US & international trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/18/fy2018-eps-estimates-for-home-depot-inc-the-raised-by-jefferies-group-hd.html.

HD has been the subject of a number of other research reports. Zacks Investment Research upgraded Home Depot, Inc. (The) from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Thursday, August 24th. Robert W. Baird set a $175.00 price objective on Home Depot, Inc. (The) and gave the company a “buy” rating in a research report on Friday, October 13th. Bank of America Corporation boosted their price objective on Home Depot, Inc. (The) from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Longbow Research restated a “buy” rating and set a $175.00 price objective on shares of Home Depot, Inc. (The) in a research report on Monday, August 14th. Finally, BidaskClub lowered Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. Home Depot, Inc. (The) has a consensus rating of “Buy” and a consensus price target of $175.66.

Home Depot, Inc. (HD) opened at $167.74 on Friday. Home Depot, Inc. has a 12-month low of $127.41 and a 12-month high of $168.43. The stock has a market capitalization of $197,450.00, a P/E ratio of 23.34, a P/E/G ratio of 1.71 and a beta of 1.08. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.48 and a current ratio of 1.30.

Institutional investors have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. grew its holdings in shares of Home Depot, Inc. (The) by 0.4% during the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares in the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Mascoma Wealth Management LLC now owns 1,143 shares of the home improvement retailer’s stock valued at $175,000 after buying an additional 7 shares in the last quarter. Paragon Wealth Strategies LLC grew its holdings in shares of Home Depot, Inc. (The) by 0.4% during the second quarter. Paragon Wealth Strategies LLC now owns 1,825 shares of the home improvement retailer’s stock valued at $280,000 after buying an additional 7 shares in the last quarter. Pineno Levin & Ford Asset Management Inc. grew its holdings in shares of Home Depot, Inc. (The) by 0.3% during the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares in the last quarter. Finally, Silicon Valley Capital Partners grew its holdings in shares of Home Depot, Inc. (The) by 0.6% during the second quarter. Silicon Valley Capital Partners now owns 1,485 shares of the home improvement retailer’s stock valued at $228,000 after buying an additional 9 shares in the last quarter. 71.36% of the stock is currently owned by institutional investors.

In other news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $150.39, for a total transaction of $2,255,850.00. Following the sale, the executive vice president now directly owns 33,147 shares of the company’s stock, valued at $4,984,977.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the sale, the executive vice president now directly owns 62,483 shares in the company, valued at $9,816,079.30. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, November 29th. Home Depot, Inc. (The)’s dividend payout ratio (DPR) is presently 49.38%.

About Home Depot, Inc. (The)

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.

Earnings History and Estimates for Home Depot, Inc. (The) (NYSE:HD)

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