Home Depot (NYSE:HD) Issues FY 2019 Earnings Guidance

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Home Depot (NYSE:HD) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $10.34-10.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $10.10. The company issued revenue guidance of $110.691669-110.691669 billion, compared to the consensus revenue estimate of $111.25 billion.

Shares of NYSE:HD opened at $220.40 on Thursday. The stock has a market capitalization of $228.80 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.12. Home Depot has a 1-year low of $158.09 and a 1-year high of $220.88. The company’s fifty day moving average is $212.20 and its two-hundred day moving average is $199.20.

Home Depot (NYSE:HD) last issued its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.05 earnings per share. On average, sell-side analysts predict that Home Depot will post 10.12 earnings per share for the current fiscal year.

HD has been the topic of a number of research reports. ValuEngine cut shares of Home Depot from a buy rating to a hold rating in a report on Thursday, August 1st. UBS Group increased their target price on shares of Home Depot from $215.00 to $240.00 and gave the stock a buy rating in a report on Wednesday. Wells Fargo & Co reissued an outperform rating and set a $235.00 target price (up from $230.00) on shares of Home Depot in a report on Wednesday. Loop Capital increased their target price on shares of Home Depot to $200.00 and gave the stock a hold rating in a report on Wednesday. Finally, SunTrust Banks reissued a hold rating and set a $208.00 target price on shares of Home Depot in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $218.06.

In other news, EVP Matt Carey sold 34,688 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $202.09, for a total transaction of $7,010,097.92. Following the completion of the transaction, the executive vice president now owns 81,982 shares in the company, valued at $16,567,742.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Timothy A. Hourigan sold 13,000 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $193.30, for a total transaction of $2,512,900.00. Following the transaction, the executive vice president now owns 64,575 shares of the company’s stock, valued at approximately $12,482,347.50. The disclosure for this sale can be found here. Insiders have sold 82,522 shares of company stock valued at $16,156,831 in the last 90 days. Insiders own 0.27% of the company’s stock.

About Home Depot

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

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