Wall Street brokerages expect Home Depot Inc (NYSE:HD) to post $2.27 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Twelve analysts have made estimates for Home Depot’s earnings, with estimates ranging from $2.16 to $2.38. Home Depot reported earnings per share of $1.84 in the same quarter last year, which suggests a positive year over year growth rate of 23.4%. The business is expected to report its next earnings report before the market opens on Tuesday, November 13th.

On average, analysts expect that Home Depot will report full year earnings of $9.56 per share for the current fiscal year, with EPS estimates ranging from $9.38 to $9.80. For the next year, analysts expect that the firm will post earnings of $10.22 per share, with EPS estimates ranging from $9.90 to $10.47. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Home Depot.

Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, August 14th. The home improvement retailer reported $3.05 EPS for the quarter, beating the consensus estimate of $2.84 by $0.21. Home Depot had a net margin of 9.45% and a return on equity of 522.68%. The company had revenue of $30.46 billion for the quarter, compared to analyst estimates of $30.04 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis.

HD has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “buy” rating and issued a $230.00 price target on shares of Home Depot in a report on Sunday, September 16th. Zacks Investment Research raised shares of Home Depot from a “hold” rating to a “buy” rating and set a $228.00 price target on the stock in a report on Friday, October 5th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $204.00 price target (down from $222.00) on shares of Home Depot in a report on Wednesday, October 17th. ValuEngine lowered shares of Home Depot from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Finally, Morgan Stanley upped their price target on shares of Home Depot from $210.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, October 11th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $205.28.

In related news, EVP William G. Lennie sold 10,854 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $201.64, for a total transaction of $2,188,600.56. Following the completion of the transaction, the executive vice president now owns 40,057 shares in the company, valued at approximately $8,077,093.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Matt Carey sold 4,125 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $195.43, for a total transaction of $806,148.75. Following the transaction, the executive vice president now owns 60,179 shares of the company’s stock, valued at approximately $11,760,781.97. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Viridian Ria LLC raised its position in shares of Home Depot by 12.1% during the 2nd quarter. Viridian Ria LLC now owns 2,355 shares of the home improvement retailer’s stock worth $465,000 after purchasing an additional 255 shares during the last quarter. Nadler Financial Group Inc. grew its stake in Home Depot by 11.6% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,545 shares of the home improvement retailer’s stock valued at $496,000 after acquiring an additional 264 shares in the last quarter. Eagle Capital Management LLC grew its stake in Home Depot by 1.4% during the 3rd quarter. Eagle Capital Management LLC now owns 19,839 shares of the home improvement retailer’s stock valued at $4,110,000 after acquiring an additional 265 shares in the last quarter. Exencial Wealth Advisors LLC grew its stake in Home Depot by 6.5% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 4,385 shares of the home improvement retailer’s stock valued at $856,000 after acquiring an additional 266 shares in the last quarter. Finally, Bingham Osborn & Scarborough LLC grew its stake in Home Depot by 11.2% during the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 2,712 shares of the home improvement retailer’s stock valued at $529,000 after acquiring an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 69.27% of the company’s stock.

NYSE:HD opened at $185.99 on Friday. Home Depot has a one year low of $162.93 and a one year high of $215.43. The company has a debt-to-equity ratio of 11.60, a quick ratio of 0.37 and a current ratio of 1.13. The firm has a market capitalization of $214.22 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 1.47 and a beta of 1.26.

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 d├ęcor 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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