Home Depot (NYSE:HD – Get Free Report) posted its quarterly earnings results on Tuesday. The home improvement retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.14, Briefing.com reports. The firm had revenue of $40.22 billion for the quarter, compared to analyst estimates of $39.31 billion. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. Home Depot’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.81 earnings per share. Home Depot updated its FY 2024 guidance to 15.100-15.100 EPS.
Home Depot Stock Performance
Home Depot stock traded up $8.65 during trading hours on Wednesday, hitting $411.73. The stock had a trading volume of 458,965 shares, compared to its average volume of 3,370,434. The company has a 50-day moving average of $396.76 and a two-hundred day moving average of $365.25. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 11.74. The company has a market cap of $408.97 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. Home Depot has a fifty-two week low of $300.14 and a fifty-two week high of $421.56.
Home Depot Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were issued a $2.25 dividend. The ex-dividend date was Thursday, August 29th. This represents a $9.00 annualized dividend and a yield of 2.19%. Home Depot’s dividend payout ratio (DPR) is 60.57%.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on Home Depot
About Home Depot
The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.
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