KeyCorp Weighs in on The Home Depot’s Q2 2019 Earnings (HD)

The Home Depot (NYSE:HD) – Equities research analysts at KeyCorp lifted their Q2 2019 EPS estimates for shares of The Home Depot in a report issued on Tuesday, May 15th. KeyCorp analyst B. Thomas now forecasts that the home improvement retailer will post earnings per share of $2.85 for the quarter, up from their prior forecast of $2.80. KeyCorp also issued estimates for The Home Depot’s FY2020 earnings at $10.10 EPS.

The Home Depot (NYSE:HD) last posted its quarterly earnings results on Tuesday, May 15th. The home improvement retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.05 by $0.03. The Home Depot had a return on equity of 399.15% and a net margin of 8.85%. The business had revenue of $24.95 billion during the quarter, compared to the consensus estimate of $25.17 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year.

Several other research analysts also recently weighed in on HD. Wells Fargo set a $205.00 price target on The Home Depot and gave the stock a “buy” rating in a research note on Tuesday. Loop Capital set a $187.00 price target on The Home Depot and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded The Home Depot from a “sell” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank set a $210.00 price target on The Home Depot and gave the stock a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group set a $222.00 price target on The Home Depot and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $195.95.

The Home Depot opened at $185.33 on Thursday, Marketbeat reports. The Home Depot has a 1-year low of $186.51 and a 1-year high of $189.07. The company has a quick ratio of 0.38, a current ratio of 1.17 and a debt-to-equity ratio of 14.37. The company has a market capitalization of $219.51 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.14.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 31st will be issued a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.22%. The Home Depot’s payout ratio is presently 55.23%.

In other The Home Depot news, EVP Mark Holifield sold 45,549 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $186.84, for a total value of $8,510,375.16. Following the transaction, the executive vice president now owns 51,879 shares of the company’s stock, valued at approximately $9,693,072.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig A. Menear sold 113,687 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $183.79, for a total value of $20,894,533.73. Following the completion of the transaction, the chief executive officer now directly owns 237,957 shares in the company, valued at approximately $43,734,117.03. The disclosure for this sale can be found here. Insiders have sold a total of 214,576 shares of company stock worth $39,731,257 in the last 90 days. 0.25% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the business. Gables Capital Management Inc. bought a new position in shares of The Home Depot during the 1st quarter worth $3,171,000. McKinley Carter Wealth Services Inc. grew its position in shares of The Home Depot by 4.3% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 21,352 shares of the home improvement retailer’s stock worth $3,806,000 after buying an additional 885 shares in the last quarter. Atlantic Trust Group LLC grew its position in shares of The Home Depot by 6.2% during the 1st quarter. Atlantic Trust Group LLC now owns 1,709,286 shares of the home improvement retailer’s stock worth $304,663,000 after buying an additional 99,705 shares in the last quarter. Marvin & Palmer Associates Inc. grew its position in shares of The Home Depot by 32.7% during the 1st quarter. Marvin & Palmer Associates Inc. now owns 22,142 shares of the home improvement retailer’s stock worth $3,947,000 after buying an additional 5,455 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in shares of The Home Depot by 25.8% during the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 204,500 shares of the home improvement retailer’s stock worth $36,450,000 after buying an additional 41,900 shares in the last quarter. 70.73% of the stock is currently owned by institutional investors.

The Home Depot Company Profile

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

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