Brokerages forecast that The Home Depot (NYSE:HD) will report $2.08 earnings per share for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for The Home Depot’s earnings, with estimates ranging from $2.03 to $2.14. The Home Depot posted earnings per share of $1.67 in the same quarter last year, which would suggest a positive year over year growth rate of 24.6%. The business is expected to report its next earnings report on Tuesday, May 15th.
According to Zacks, analysts expect that The Home Depot will report full-year earnings of $9.44 per share for the current year, with EPS estimates ranging from $9.30 to $9.70. For the next year, analysts expect that the company will report earnings of $10.18 per share, with EPS estimates ranging from $9.89 to $10.54. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for The Home Depot.
The Home Depot (NYSE:HD) last posted its earnings results on Tuesday, February 20th. The home improvement retailer reported $1.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.07. The business had revenue of $23.88 billion for the quarter, compared to analysts’ expectations of $23.65 billion. The Home Depot had a net margin of 8.55% and a return on equity of 306.73%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share.
Shares of The Home Depot stock opened at $173.36 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 16.69. The stock has a market cap of $201,857.09, a price-to-earnings ratio of 23.24, a PEG ratio of 1.38 and a beta of 1.15. The Home Depot has a 1-year low of $144.25 and a 1-year high of $207.60.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 22nd. Investors of record on Thursday, March 8th were issued a $1.03 dividend. This is a positive change from The Home Depot’s previous quarterly dividend of $0.89. This represents a $4.12 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 7th. The Home Depot’s dividend payout ratio is currently 55.23%.
In other The Home Depot news, Director Armando M. Codina acquired 6,650 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were acquired at an average cost of $178.66 per share, for a total transaction of $1,188,089.00. Following the completion of the acquisition, the director now directly owns 42,300 shares of the company’s stock, valued at approximately $7,557,318. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the completion of the transaction, the chief executive officer now owns 237,957 shares in the company, valued at $43,734,117.03. The disclosure for this sale can be found here. Insiders sold 169,027 shares of company stock worth $31,220,882 over the last 90 days. 0.25% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC raised its holdings in The Home Depot by 65.4% in the fourth quarter. Jennison Associates LLC now owns 8,227,834 shares of the home improvement retailer’s stock worth $1,559,421,000 after purchasing an additional 3,254,382 shares during the period. Janus Henderson Group PLC raised its holdings in The Home Depot by 2,013.2% in the second quarter. Janus Henderson Group PLC now owns 3,319,727 shares of the home improvement retailer’s stock worth $509,247,000 after purchasing an additional 3,162,631 shares during the period. Capital International Investors raised its holdings in The Home Depot by 132.5% in the third quarter. Capital International Investors now owns 3,268,036 shares of the home improvement retailer’s stock worth $534,520,000 after purchasing an additional 1,862,134 shares during the period. APG Asset Management N.V. raised its holdings in The Home Depot by 66.3% in the fourth quarter. APG Asset Management N.V. now owns 3,727,680 shares of the home improvement retailer’s stock worth $588,364,000 after purchasing an additional 1,485,500 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in The Home Depot by 46.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,059,019 shares of the home improvement retailer’s stock worth $769,306,000 after purchasing an additional 1,279,244 shares during the period. Institutional investors and hedge funds own 70.69% of the company’s stock.
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About The 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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