Home Depot (HD) Scheduled to Post Earnings on Tuesday

Home Depot (NYSE:HD) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 21st. Analysts expect the company to announce earnings of $2.19 per share for the quarter.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, February 26th. The home improvement retailer reported $2.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.16 by $0.09. Home Depot had a net margin of 10.28% and a return on equity of 1,441.05%. The business had revenue of $26.49 billion during the quarter, compared to analysts’ expectations of $26.57 billion. During the same quarter in the prior year, the company earned $1.69 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. On average, analysts expect Home Depot to post $10 EPS for the current fiscal year and $11 EPS for the next fiscal year.

HD opened at $192.58 on Monday. The company has a debt-to-equity ratio of 17.68, a current ratio of 1.11 and a quick ratio of 0.28. Home Depot has a 12 month low of $158.09 and a 12 month high of $215.43. The firm has a market capitalization of $212.59 billion, a P/E ratio of 19.47, a PEG ratio of 1.67 and a beta of 1.09.



Home Depot announced that its board has approved a share buyback plan on Tuesday, February 26th that permits the company to repurchase $15.00 billion in shares. This repurchase authorization permits the home improvement retailer to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

In other Home Depot news, EVP Edward P. Decker sold 23,744 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $182.93, for a total transaction of $4,343,489.92. Following the completion of the transaction, the executive vice president now owns 86,813 shares in the company, valued at approximately $15,880,702.09. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ann Marie Campbell sold 5,450 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $184.67, for a total value of $1,006,451.50. Following the transaction, the executive vice president now owns 51,030 shares of the company’s stock, valued at approximately $9,423,710.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,194 shares of company stock valued at $7,553,141. Corporate insiders own 0.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. F3Logic LLC acquired a new position in shares of Home Depot during the 4th quarter worth about $353,000. Stockman Wealth Management Inc. boosted its stake in shares of Home Depot by 1.6% during the 4th quarter. Stockman Wealth Management Inc. now owns 15,556 shares of the home improvement retailer’s stock worth $2,673,000 after buying an additional 247 shares during the last quarter. Courier Capital LLC boosted its stake in shares of Home Depot by 5.8% during the 4th quarter. Courier Capital LLC now owns 9,267 shares of the home improvement retailer’s stock worth $1,592,000 after buying an additional 511 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Home Depot by 1.6% during the 4th quarter. California Public Employees Retirement System now owns 2,728,404 shares of the home improvement retailer’s stock worth $468,794,000 after buying an additional 43,127 shares during the last quarter. Finally, Delta Asset Management LLC TN boosted its stake in shares of Home Depot by 0.7% during the 4th quarter. Delta Asset Management LLC TN now owns 10,183 shares of the home improvement retailer’s stock worth $1,749,000 after buying an additional 71 shares during the last quarter. Institutional investors own 70.93% of the company’s stock.

A number of research firms recently commented on HD. Robert W. Baird restated a “positive” rating on shares of Home Depot in a research report on Thursday, April 25th. Morgan Stanley upped their price objective on shares of Home Depot from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Telsey Advisory Group restated a “market perform” rating and issued a $192.00 price objective on shares of Home Depot in a research report on Wednesday, May 1st. Zacks Investment Research cut shares of Home Depot from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Bank of America restated a “neutral” rating and issued a $202.00 price objective on shares of Home Depot in a research report on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Home Depot has a consensus rating of “Buy” and an average price target of $204.71.

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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 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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