Home Depot (NYSE:HD) Releases Quarterly Earnings Results

Home Depot (NYSE:HD) released its quarterly earnings results on Tuesday. The home improvement retailer reported $4.92 EPS for the quarter, topping analysts’ consensus estimates of $4.73 by $0.19, FiscalAI reports. Home Depot had a return on equity of 117.24% and a net margin of 8.41%.The company had revenue of $47.86 billion for the quarter, compared to analyst estimates of $47.24 billion. During the same quarter last year, the firm posted $4.68 earnings per share. Home Depot’s revenue was up 5.7% compared to the same quarter last year. Home Depot updated its FY 2026 guidance to 14.690-15.278 EPS.

Here are the key takeaways from Home Depot’s conference call:

• Second-quarter sales rose 5.7% to $47.9 billion, while comparable sales increased 1.7% and adjusted diluted EPS grew 5.1% to $4.92, exceeding management’s expectations.
• Demand broadened across the business, with 13 of 16 merchandising departments posting positive comps and professional-customer sales outperforming DIY. Online sales increased 11% for the fifth consecutive quarter of double-digit growth.
• Home Depot highlighted continued progress in delivery, including nationwide three-hour Express Delivery, same- or next-day delivery for more than 65% of in-stock parcel products, and two-day delivery for approximately 55% of stocked big-and-bulky products.
• The company reaffirmed fiscal 2026 guidance, calling for comparable sales ranging from flat to up 2%, total sales growth of approximately 2.5% to 4.5%, and adjusted EPS growth of flat to 4%.
• Consumer uncertainty, housing affordability, and historically low housing turnover continue to pressure larger discretionary home-improvement projects. Tariff refunds provided a second-quarter benefit, but management expects fuel, energy, and product-input cost pressures to largely offset that benefit over the year, with gross margin expected to be roughly flat year over year in the fourth quarter.

Home Depot Price Performance

Shares of NYSE HD opened at $338.10 on Wednesday. The stock has a market capitalization of $337.12 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 4.08 and a beta of 0.95. The business has a 50-day moving average of $340.08 and a 200-day moving average of $340.97. The company has a debt-to-equity ratio of 3.23, a current ratio of 1.04 and a quick ratio of 0.28. Home Depot has a fifty-two week low of $289.10 and a fifty-two week high of $426.75.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were paid a dividend of $2.33 per share. This represents a $9.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, June 4th. Home Depot’s dividend payout ratio is currently 66.19%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Advocate Investing Services LLC acquired a new position in shares of Home Depot during the 4th quarter worth approximately $25,000. Parvin Asset Management LLC boosted its holdings in shares of Home Depot by 110.0% in the 3rd quarter. Parvin Asset Management LLC now owns 63 shares of the home improvement retailer’s stock valued at $26,000 after buying an additional 33 shares during the last quarter. Imprint Wealth LLC acquired a new stake in shares of Home Depot in the 3rd quarter valued at approximately $34,000. Triumph Capital Management bought a new position in shares of Home Depot in the third quarter valued at $40,000. Finally, Binnacle Investments Inc grew its stake in shares of Home Depot by 28.8% in the second quarter. Binnacle Investments Inc now owns 143 shares of the home improvement retailer’s stock valued at $52,000 after buying an additional 32 shares in the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

More Home Depot News

Here are the key news stories impacting Home Depot this week:

• Positive Sentiment: Home Depot reported fiscal Q2 adjusted EPS of $4.92, above the $4.73 consensus estimate, while revenue rose 5.7% year over year to $47.86 billion, exceeding expectations of approximately $47.24 billion. Home Depot reaffirms guidance amid frozen housing market conditions
• Positive Sentiment: Comparable sales increased 1.7% globally and 1.3% in the U.S.—the company’s strongest comparable-sales performance since 2022—as customers continued smaller repair and maintenance projects despite high mortgage rates and housing costs. Average ticket rose 2.8%, helping offset a 1.0% decline in comparable transactions. Home Depot beats quarterly sales estimates on steady repair demand
• Positive Sentiment: The nationwide rollout of Express Delivery, using more than 2,000 U.S. stores as fulfillment hubs for delivery in three hours or less, could support online sales, customer retention and Pro-customer demand. The Home Depot expands nationwide express delivery
• Neutral Sentiment: Management reaffirmed fiscal 2026 guidance for roughly 2.5%–4.5% sales growth, flat to 2.0% comparable-sales growth and EPS of $14.690–$15.278. Maintaining the outlook provides stability, but the lack of an increase suggests a housing recovery has not yet materialized.
• Negative Sentiment: Executives described housing conditions as “frozen.” Customers are avoiding large renovations, while weak housing starts and elevated Treasury yields remain headwinds for discretionary projects and valuation. The CEO’s recently announced medical leave adds a separate near-term leadership uncertainty. Home Depot tops earnings estimates amid frozen housing market

Wall Street Analyst Weigh In

Several analysts have commented on HD shares. Telsey Advisory Group dropped their target price on shares of Home Depot from $435.00 to $410.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. HSBC lowered their price objective on shares of Home Depot from $392.00 to $310.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Mizuho dropped their price objective on shares of Home Depot from $415.00 to $385.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Oppenheimer cut their price objective on shares of Home Depot from $405.00 to $310.00 and set a “market perform” rating on the stock in a research report on Monday, May 18th. Finally, Citigroup lowered their target price on Home Depot from $450.00 to $400.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $375.25.

About Home Depot

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.