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.
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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