Home Depot (HD) Set to Announce Quarterly Earnings on Tuesday

Home Depot (NYSE:HD) is scheduled to 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, August 13th. The home improvement retailer reported $4.67 EPS for the quarter, beating analysts’ consensus estimates of $4.59 by $0.08. Home Depot had a net margin of 9.71% and a return on equity of 733.61%. The business had revenue of $43.18 billion during the quarter, compared to analysts’ expectations of $42.57 billion. During the same period in the prior year, the company earned $4.65 earnings per share. The business’s 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 Performance

NYSE HD opened at $405.90 on Monday. The business’s 50-day moving average price is $395.19 and its 200 day moving average price is $364.01. 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 firm has a market cap of $403.18 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.81 and a beta of 1.01. Home Depot has a 52-week low of $286.79 and a 52-week high of $421.56.

Home Depot Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on HD. Gordon Haskett raised Home Depot from an “accumulate” rating to a “buy” rating and set a $450.00 price target for the company in a report on Wednesday, October 2nd. Barclays raised their target price on shares of Home Depot from $372.00 to $420.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Home Depot from $377.00 to $400.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Telsey Advisory Group raised Home Depot from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $360.00 to $455.00 in a report on Friday. Finally, UBS Group increased their target price on Home Depot from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $420.04.

Home Depot Company Profile

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.