Home Depot (HD) Set to Announce Earnings on Tuesday

Home Depot (NYSE:HD) will be issuing its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $3.64 per share for the quarter. Home Depot has set its FY 2024 guidance at 14.510-14.810 EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Home Depot (NYSE:HD) last issued its quarterly earnings data on Tuesday, August 13th. The home improvement retailer reported $4.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.59 by $0.08. Home Depot had a return on equity of 733.61% and a net margin of 9.71%. The company had revenue of $43.18 billion for the quarter, compared to analyst estimates of $42.57 billion. During the same quarter last year, the company posted $4.65 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. On average, analysts expect Home Depot to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Home Depot Stock Up 1.6 %

Home Depot stock opened at $405.90 on Friday. The stock has a 50-day simple moving average of $395.19 and a 200-day simple moving average of $363.84. The company has a market capitalization of $403.18 billion, a P/E ratio of 27.31, a PEG ratio of 2.69 and a beta of 1.01. The company has a debt-to-equity ratio of 11.74, a quick ratio of 0.33 and a current ratio of 1.15. Home Depot has a fifty-two week low of $286.79 and a fifty-two week high of $421.56.

Home Depot Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Thursday, August 29th were paid a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Thursday, August 29th. Home Depot’s dividend payout ratio (DPR) is presently 60.57%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HD. TD Cowen lifted their price objective on Home Depot from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Royal Bank of Canada dropped their price objective on Home Depot from $377.00 to $363.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. DA Davidson upped their target price on shares of Home Depot from $430.00 to $466.00 and gave the company a “buy” rating in a report on Friday, October 25th. Daiwa America upgraded Home Depot to a “hold” rating in a report on Thursday, August 15th. Finally, Morgan Stanley upped their price objective on shares of Home Depot from $380.00 to $450.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Home Depot currently has an average rating of “Moderate Buy” and an average price target of $420.04.

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.