$2.16 Earnings Per Share Expected for Home Depot Inc (HD) This Quarter

Wall Street analysts expect Home Depot Inc (NYSE:HD) to post earnings per share of $2.16 for the current quarter, according to Zacks. Eleven analysts have issued estimates for Home Depot’s earnings, with estimates ranging from $2.11 to $2.23. Home Depot reported earnings per share of $1.69 during the same quarter last year, which would indicate a positive year over year growth rate of 27.8%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that Home Depot will report full year earnings of $9.80 per share for the current year, with EPS estimates ranging from $9.75 to $9.87. For the next fiscal year, analysts expect that the company will post earnings of $10.20 per share, with EPS estimates ranging from $9.71 to $10.35. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Home Depot.

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Several equities research analysts have weighed in on HD shares. Edward Jones raised shares of Home Depot from a “hold” rating to a “buy” rating in a research note on Wednesday. Credit Suisse Group decreased their price target on shares of Home Depot from $204.00 to $194.00 and set a “neutral” rating for the company in a research note on Thursday, November 15th. Deutsche Bank decreased their price target on shares of Home Depot from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Citigroup decreased their price target on shares of Home Depot from $227.00 to $226.00 and set a “buy” rating for the company in a research note on Wednesday, November 14th. Finally, Royal Bank of Canada decreased their price target on shares of Home Depot from $218.00 to $208.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. Eight equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $204.60.

HD traded up $4.68 during midday trading on Friday, hitting $192.39. The company had a trading volume of 4,997,511 shares, compared to its average volume of 4,324,334. Home Depot has a 52 week low of $158.09 and a 52 week high of $215.43. The company has a current ratio of 1.09, a quick ratio of 0.28 and a debt-to-equity ratio of 17.68. The company has a market cap of $217.31 billion, a P/E ratio of 25.79, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10.

In other Home Depot news, EVP Teresa Wynn Roseborough sold 7,203 shares of the company’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $177.45, for a total value of $1,278,172.35. Following the completion of the sale, the executive vice president now directly owns 23,109 shares of the company’s stock, valued at approximately $4,100,692.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wayne M. Hewett acquired 250 shares of Home Depot stock in a transaction on Wednesday, November 21st. The stock was purchased at an average cost of $169.62 per share, with a total value of $42,405.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $508,860. The disclosure for this purchase can be found here. Insiders own 0.25% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Pinnacle Financial Partners Inc. boosted its stake in Home Depot by 13.5% in the third quarter. Pinnacle Financial Partners Inc. now owns 21,114 shares of the home improvement retailer’s stock valued at $4,374,000 after acquiring an additional 2,504 shares during the last quarter. Parsons Capital Management Inc. RI boosted its stake in Home Depot by 1.9% in the second quarter. Parsons Capital Management Inc. RI now owns 49,045 shares of the home improvement retailer’s stock valued at $9,569,000 after acquiring an additional 938 shares during the last quarter. Physicians Financial Services Inc. boosted its stake in Home Depot by 3.3% in the second quarter. Physicians Financial Services Inc. now owns 8,676 shares of the home improvement retailer’s stock valued at $1,693,000 after acquiring an additional 280 shares during the last quarter. Sanders Morris Harris LLC boosted its stake in Home Depot by 5.6% in the third quarter. Sanders Morris Harris LLC now owns 5,619 shares of the home improvement retailer’s stock valued at $1,164,000 after acquiring an additional 300 shares during the last quarter. Finally, Private Wealth Partners LLC boosted its stake in Home Depot by 2.1% in the third quarter. Private Wealth Partners LLC now owns 39,983 shares of the home improvement retailer’s stock valued at $8,282,000 after acquiring an additional 838 shares during the last quarter. 71.53% of the stock is owned by institutional investors and hedge funds.

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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