Home Depot, Inc. (The) (HD) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Home Depot, Inc. (The) (NYSE:HD) issued its quarterly earnings data on Tuesday. The home improvement retailer reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.03, RTT News reports. The firm had revenue of $25.03 billion during the quarter, compared to analysts’ expectations of $24.53 billion. Home Depot, Inc. (The) had a return on equity of 192.30% and a net margin of 8.63%. Home Depot, Inc. (The)’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 earnings per share. Home Depot, Inc. (The) updated its FY18 guidance to $7.36 EPS.

Shares of Home Depot, Inc. (HD) traded up $2.71 on Wednesday, hitting $168.06. The company’s stock had a trading volume of 10,283,500 shares, compared to its average volume of 4,397,813. The firm has a market capitalization of $194,917.56, a PE ratio of 23.76, a PEG ratio of 1.66 and a beta of 1.08. Home Depot, Inc. has a 12 month low of $122.92 and a 12 month high of $168.14. The company has a debt-to-equity ratio of 6.87, a quick ratio of 0.48 and a current ratio of 1.30.

In related news, EVP Teresa Wynn Roseborough sold 15,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $150.39, for a total value of $2,255,850.00. Following the transaction, the executive vice president now owns 33,147 shares in the company, valued at $4,984,977.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Matt Carey sold 32,000 shares of the business’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $157.10, for a total value of $5,027,200.00. Following the completion of the transaction, the executive vice president now owns 62,483 shares in the company, valued at approximately $9,816,079.30. The disclosure for this sale can be found here. Insiders own 0.26% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Wela Strategies Inc. acquired a new position in shares of Home Depot, Inc. (The) in the second quarter worth about $217,000. Heritage Trust Co raised its stake in Home Depot, Inc. (The) by 3.2% during the second quarter. Heritage Trust Co now owns 18,626 shares of the home improvement retailer’s stock valued at $2,857,000 after buying an additional 585 shares in the last quarter. Calamos Wealth Management LLC raised its stake in Home Depot, Inc. (The) by 0.6% during the second quarter. Calamos Wealth Management LLC now owns 57,173 shares of the home improvement retailer’s stock valued at $8,770,000 after buying an additional 360 shares in the last quarter. Blue Rock Advisors LLC raised its stake in Home Depot, Inc. (The) by 192.1% during the second quarter. Blue Rock Advisors LLC now owns 19,861 shares of the home improvement retailer’s stock valued at $3,047,000 after buying an additional 13,061 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its stake in Home Depot, Inc. (The) by 1.9% during the second quarter. Meiji Yasuda Life Insurance Co now owns 37,386 shares of the home improvement retailer’s stock valued at $5,735,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 71.36% of the company’s stock.

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Several equities analysts recently issued reports on HD shares. Bank of America Corporation reaffirmed a “buy” rating and set a $170.00 price objective on shares of Home Depot, Inc. (The) in a report on Tuesday, September 5th. Vetr raised Home Depot, Inc. (The) from a “buy” rating to a “strong-buy” rating and set a $166.59 price objective for the company in a report on Monday, August 28th. Zacks Investment Research cut Home Depot, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Credit Suisse Group set a $171.00 price objective on Home Depot, Inc. (The) and gave the stock a “buy” rating in a report on Friday, October 13th. Finally, BidaskClub cut Home Depot, Inc. (The) from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $174.43.

Home Depot, Inc. (The) Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

Earnings History for Home Depot, Inc. (The) (NYSE:HD)

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