Home Depot (HD) Set to Announce Earnings on Tuesday

Home Depot (NYSE:HD) is set to release its earnings data before the market opens on Tuesday, August 20th. Analysts expect Home Depot to post earnings of $3.09 per share for the quarter. Home Depot has set its FY 2019 guidance at $10.03-10.03 EPS and its FY20 guidance at ~$10.03 EPS.

Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, May 21st. The home improvement retailer reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.10. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The business had revenue of $26.38 billion for the quarter, compared to analyst estimates of $26.34 billion. During the same period in the previous year, the business posted $2.08 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts expect Home Depot to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Shares of Home Depot stock opened at $203.65 on Monday. Home Depot has a 52-week low of $158.09 and a 52-week high of $219.30. The company’s 50-day simple moving average is $211.99 and its 200-day simple moving average is $198.76. The firm has a market cap of $222.03 billion, a price-to-earnings ratio of 20.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

In other Home Depot news, CFO Carol B. Tome sold 26,334 shares of the company’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $189.17, for a total value of $4,981,602.78. Following the sale, the chief financial officer now owns 519,253 shares of the company’s stock, valued at $98,227,090.01. 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 34,688 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the sale, the executive vice president now directly owns 81,982 shares in the company, valued at approximately $16,567,742.38. The disclosure for this sale can be found here. Insiders sold 82,522 shares of company stock worth $16,156,831 in the last ninety days. Insiders own 0.27% of the company’s stock.

Several brokerages have weighed in on HD. Royal Bank of Canada lowered their target price on shares of Home Depot from $223.00 to $217.00 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. Loop Capital upped their target price on shares of Home Depot to $195.00 and gave the stock a “hold” rating in a research report on Friday, July 19th. Gabelli lowered shares of Home Depot from a “buy” rating to a “hold” rating in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Wells Fargo & Co upped their target price on shares of Home Depot from $215.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Finally, Wedbush set a $190.00 target price on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $210.12.

About Home Depot

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 Home Depot (NYSE:HD)

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