FY2019 Earnings Forecast for The Home Depot (HD) Issued By KeyCorp

The Home Depot (NYSE:HD) – Analysts at KeyCorp upped their FY2019 earnings estimates for The Home Depot in a report issued on Tuesday, May 15th. KeyCorp analyst B. Thomas now forecasts that the home improvement retailer will post earnings per share of $9.40 for the year, up from their prior estimate of $9.32.

HD has been the topic of a number of other reports. Credit Suisse Group lifted their price target on shares of The Home Depot from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Gabelli began coverage on shares of The Home Depot in a research report on Wednesday, April 11th. They set a “buy” rating and a $206.00 price target on the stock. Bank of America reissued a “buy” rating and set a $190.60 price target (down from $219.00) on shares of The Home Depot in a research report on Tuesday, February 20th. Deutsche Bank set a $210.00 price target on shares of The Home Depot and gave the stock a “buy” rating in a research report on Tuesday. Finally, Wells Fargo began coverage on shares of The Home Depot in a research report on Monday, April 23rd. They set an “outperform” rating and a $205.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $195.95.

Shares of NYSE HD opened at $185.33 on Friday. The firm has a market cap of $217.65 billion, a PE ratio of 24.84, a PEG ratio of 1.39 and a beta of 1.14. The Home Depot has a twelve month low of $186.51 and a twelve month high of $189.07. The company has a current ratio of 1.17, a quick ratio of 0.38 and a debt-to-equity ratio of 14.37.

The Home Depot (NYSE:HD) last announced its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.03. The company had revenue of $24.95 billion for the quarter, compared to analysts’ expectations of $25.17 billion. The Home Depot had a net margin of 8.85% and a return on equity of 399.15%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share.

Institutional investors have recently added to or reduced their stakes in the company. Lucia Wealth Services LLC bought a new stake in shares of The Home Depot during the 1st quarter worth about $101,000. Ford Financial Group Inc. bought a new stake in shares of The Home Depot during the 4th quarter worth about $108,000. Earnest Partners LLC bought a new stake in shares of The Home Depot during the 4th quarter worth about $108,000. Institutional & Family Asset Management LLC bought a new stake in shares of The Home Depot during the 1st quarter worth about $108,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new stake in shares of The Home Depot during the 4th quarter worth about $112,000. Institutional investors own 70.73% of the company’s stock.

In other news, CEO Craig A. Menear sold 113,687 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total transaction of $20,894,533.73. Following the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann Marie Campbell sold 37,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $186.26, for a total transaction of $7,018,276.80. Following the transaction, the executive vice president now owns 53,459 shares in the company, valued at $9,957,273.34. The disclosure for this sale can be found here. Insiders sold a total of 214,576 shares of company stock worth $39,731,257 over the last quarter. Company insiders own 0.25% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be paid a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.22%. The Home Depot’s payout ratio is currently 55.23%.

The Home Depot Company Profile

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Earnings History and Estimates for The Home Depot (NYSE:HD)

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