Analysts expect that Home Depot Inc (NYSE:HD) will report $2.85 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Twelve analysts have made estimates for Home Depot’s earnings, with the lowest EPS estimate coming in at $2.78 and the highest estimate coming in at $2.91. Home Depot reported earnings of $2.25 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, August 21st.

According to Zacks, analysts expect that Home Depot will report full year earnings of $9.45 per share for the current fiscal year, with EPS estimates ranging from $9.30 to $9.65. For the next financial year, analysts forecast that the business will report earnings of $10.17 per share, with EPS estimates ranging from $9.85 to $10.44. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Home Depot.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.03. Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The company had revenue of $24.95 billion for the quarter, compared to analyst estimates of $25.17 billion. During the same period in the prior year, the firm posted $1.67 EPS. The business’s revenue was up 4.4% compared to the same quarter last year.

Several brokerages have weighed in on HD. Gabelli began coverage on Home Depot in a research report on Wednesday, April 11th. They issued a “buy” rating and a $206.00 target price on the stock. Deutsche Bank set a $210.00 target price on Home Depot and gave the stock a “buy” rating in a research report on Tuesday, May 15th. Wells Fargo & Co began coverage on Home Depot in a research report on Monday, April 23rd. They issued an “outperform” rating and a $205.00 target price on the stock. Zacks Investment Research raised Home Depot from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, Loop Capital began coverage on Home Depot in a research report on Thursday, March 1st. They issued a “hold” rating and a $187.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Home Depot presently has an average rating of “Buy” and a consensus price target of $197.25.

In other news, Director Stephanie Linnartz acquired 1,000 shares of Home Depot stock in a transaction on Friday, June 1st. The stock was bought at an average price of $187.57 per share, for a total transaction of $187,570.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Holifield sold 45,549 shares of the firm’s stock in a transaction that occurred on Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total value of $8,510,375.16. Following the completion of the sale, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in shares of Home Depot by 0.8% in the 1st quarter. BlackRock Inc. now owns 72,237,480 shares of the home improvement retailer’s stock worth $12,875,610,000 after buying an additional 604,634 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Depot by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 11,675,138 shares of the home improvement retailer’s stock worth $2,207,871,000 after buying an additional 259,863 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Home Depot by 65.4% in the 4th quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock worth $1,559,421,000 after buying an additional 3,254,382 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Home Depot by 1.4% in the 4th quarter. Clearbridge Investments LLC now owns 8,180,356 shares of the home improvement retailer’s stock worth $1,550,423,000 after buying an additional 115,794 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Home Depot by 3.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 6,415,134 shares of the home improvement retailer’s stock worth $1,143,434,000 after buying an additional 230,769 shares in the last quarter. Institutional investors own 69.11% of the company’s stock.

Home Depot traded down $2.90, hitting $197.41, during mid-day trading on Friday, Marketbeat Ratings reports. The stock had a trading volume of 7,067,329 shares, compared to its average volume of 4,196,899. The company has a debt-to-equity ratio of 14.37, a current ratio of 1.17 and a quick ratio of 0.37. Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60. The firm has a market cap of $231.07 billion, a P/E ratio of 26.46, a PEG ratio of 1.50 and a beta of 1.13.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 14th. Investors of record on Thursday, May 31st were paid a dividend of $1.03 per share. The ex-dividend date was Wednesday, May 30th. This represents a $4.12 annualized dividend and a yield of 2.09%. Home Depot’s payout ratio is 55.23%.

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.

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

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