Home Depot Inc (HD) Forecasted to Earn Q1 2020 Earnings of $2.19 Per Share
Home Depot Inc (NYSE:HD) – Oppenheimer issued their Q1 2020 earnings per share (EPS) estimates for Home Depot in a research note issued to investors on Friday, February 8th. Oppenheimer analyst B. Nagel anticipates that the home improvement retailer will post earnings per share of $2.19 for the quarter. Oppenheimer also issued estimates for Home Depot’s Q2 2020 earnings at $3.22 EPS, Q3 2020 earnings at $2.64 EPS, Q4 2020 earnings at $2.26 EPS and FY2020 earnings at $10.32 EPS.
Several other analysts also recently commented on the company. Zacks Investment Research upgraded Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Credit Suisse Group set a $204.00 target price on Home Depot and gave the company a “hold” rating in a research note on Tuesday, November 13th. Deutsche Bank cut their target price on Home Depot from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Citigroup cut their target price on Home Depot from $227.00 to $226.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Finally, UBS Group dropped their price target on Home Depot from $225.00 to $220.00 and set a “buy” rating on the stock in a research note on Wednesday, November 14th. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Home Depot presently has a consensus rating of “Buy” and an average price target of $204.60.
Home Depot (NYSE:HD) last posted its quarterly earnings data on Tuesday, November 13th. The home improvement retailer reported $2.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.24. Home Depot had a return on equity of 664.88% and a net margin of 10.00%. The company had revenue of $26.30 billion during the quarter, compared to analyst estimates of $26.23 billion. During the same quarter last year, the company earned $1.84 EPS. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis.
A number of large investors have recently bought and sold shares of HD. Portfolio Solutions LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $26,000. Virtus ETF Advisers LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $32,000. Enlightenment Research LLC bought a new stake in shares of Home Depot in the fourth quarter worth about $34,000. Private Ocean LLC increased its holdings in shares of Home Depot by 53.3% in the fourth quarter. Private Ocean LLC now owns 207 shares of the home improvement retailer’s stock worth $36,000 after purchasing an additional 72 shares during the last quarter. Finally, Ironwood Financial llc increased its holdings in shares of Home Depot by 39.5% in the fourth quarter. Ironwood Financial llc now owns 286 shares of the home improvement retailer’s stock worth $49,000 after purchasing an additional 81 shares during the last quarter. 69.75% of the stock is currently owned by institutional investors and hedge funds.
In other Home Depot news, CEO Craig A. Menear sold 117,327 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $180.42, for a total transaction of $21,168,137.34. Following the sale, the chief executive officer now directly owns 264,970 shares of the company’s stock, valued at $47,805,887.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Wayne M. Hewett purchased 250 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were acquired at an average cost of $169.62 per share, for a total transaction of $42,405.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at $508,860. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 13,750 shares of company stock worth $2,401,470 and have sold 137,987 shares worth $24,769,526. 0.25% of the stock is currently owned by insiders.
Home Depot Company Profile
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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