FY2020 EPS Estimates for Home Depot Inc Reduced by Analyst (NYSE:HD)

Home Depot Inc (NYSE:HD) – Equities researchers at G.Research reduced their FY2020 EPS estimates for shares of Home Depot in a research report issued on Wednesday, August 14th. G.Research analyst A. Lacayo now anticipates that the home improvement retailer will post earnings per share of $10.10 for the year, down from their prior forecast of $10.15. G.Research also issued estimates for Home Depot’s FY2022 earnings at $11.95 EPS, FY2023 earnings at $12.80 EPS and FY2024 earnings at $13.55 EPS.

Home Depot (NYSE:HD) last released its quarterly earnings data on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share for the quarter, topping analysts’ consensus estimates of $3.08 by $0.09. Home Depot had a net margin of 10.24% and a negative return on equity of 6,597.69%. The company had revenue of $30.84 billion for the quarter, compared to analysts’ expectations of $30.98 billion. During the same quarter last year, the company earned $3.05 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. Goldman Sachs Group began coverage on shares of Home Depot in a report on Thursday, July 11th. They set a “buy” rating and a $235.00 price objective on the stock. Wells Fargo & Co lifted their target price on shares of Home Depot from $215.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their target price on shares of Home Depot from $229.00 to $233.00 and gave the company an “outperform” rating in a report on Tuesday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $192.00 target price on shares of Home Depot in a report on Wednesday, May 1st. Finally, Credit Suisse Group set a $192.00 target price on shares of Home Depot and gave the company a “neutral” rating in a report on Tuesday. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Home Depot has an average rating of “Buy” and a consensus target price of $211.06.

HD stock opened at $217.09 on Monday. Home Depot has a twelve month low of $158.09 and a twelve month high of $219.30. The company’s 50 day moving average is $211.98 and its two-hundred day moving average is $199.02. The stock has a market cap of $224.07 billion, a P/E ratio of 21.95, a PEG ratio of 1.88 and a beta of 1.12.

In related news, CFO Carol B. Tome sold 26,334 shares of Home Depot stock in a transaction on Friday, May 31st. The shares were sold at an average price of $189.17, for a total value of $4,981,602.78. Following the transaction, the chief financial officer now directly owns 519,253 shares in the company, valued at approximately $98,227,090.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Matt Carey sold 34,688 shares of Home Depot stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold a total of 82,522 shares of company stock worth $16,156,831 over the last ninety days. Corporate insiders own 0.27% of the company’s stock.

A number of large investors have recently bought and sold shares of HD. Oregon Public Employees Retirement Fund boosted its position in shares of Home Depot by 8,331.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,467,191 shares of the home improvement retailer’s stock worth $125,000 after purchasing an additional 21,212,570 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Home Depot by 3,457.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 9,641,450 shares of the home improvement retailer’s stock worth $2,005,132,000 after purchasing an additional 9,370,409 shares in the last quarter. Morgan Stanley boosted its position in shares of Home Depot by 0.5% during the 2nd quarter. Morgan Stanley now owns 8,327,709 shares of the home improvement retailer’s stock worth $1,731,916,000 after purchasing an additional 44,258 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Home Depot by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 7,199,871 shares of the home improvement retailer’s stock worth $1,381,583,000 after purchasing an additional 158,174 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Home Depot by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,156,949 shares of the home improvement retailer’s stock worth $1,488,431,000 after purchasing an additional 25,410 shares in the last quarter. Hedge funds and other institutional investors own 69.35% 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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