SunTrust Banks Analysts Reduce Earnings Estimates for Home Depot Inc (HD)

Home Depot Inc (NYSE:HD) – SunTrust Banks lowered their Q3 2018 EPS estimates for Home Depot in a research report issued on Wednesday. SunTrust Banks analyst K. Hughes now anticipates that the home improvement retailer will earn $1.77 per share for the quarter, down from their previous forecast of $1.78. SunTrust Banks currently has a “Hold” rating and a $157.00 target price on the stock. SunTrust Banks also issued estimates for Home Depot’s Q4 2018 earnings at $1.53 EPS, FY2018 earnings at $7.18 EPS and FY2019 earnings at $7.97 EPS.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, May 16th. The home improvement retailer reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.61 by $0.06. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The firm had revenue of $23.89 billion for the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the business posted $1.44 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.

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

Several other equities research analysts have also weighed in on the company. Barclays PLC reiterated an “overweight” rating and issued a $165.00 price objective (up from $150.00) on shares of Home Depot in a research note on Wednesday. Morgan Stanley reiterated an “overweight” rating and issued a $173.00 price objective (up from $165.00) on shares of Home Depot in a research note on Wednesday. Wedbush reiterated a “neutral” rating and issued a $165.00 price objective (up from $155.00) on shares of Home Depot in a research note on Wednesday. Citigroup Inc reiterated a “buy” rating and issued a $179.00 price objective (up from $168.00) on shares of Home Depot in a research note on Wednesday. Finally, Argus reiterated a “buy” rating and issued a $180.00 price objective (up from $160.00) on shares of Home Depot in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the stock. Home Depot currently has an average rating of “Buy” and an average price target of $162.77.

Home Depot (NYSE:HD) traded up 0.453% during trading on Thursday, reaching $156.405. The company had a trading volume of 1,976,397 shares. Home Depot has a 12 month low of $119.20 and a 12 month high of $160.86. The firm has a market capitalization of $187.37 billion, a price-to-earnings ratio of 23.403 and a beta of 1.09. The stock has a 50 day moving average price of $151.91 and a 200 day moving average price of $140.67.

Several hedge funds have recently modified their holdings of HD. CT Financial Advisors LLC boosted its stake in shares of Home Depot by 0.4% in the first quarter. CT Financial Advisors LLC now owns 758 shares of the home improvement retailer’s stock valued at $111,000 after buying an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Home Depot by 0.4% in the first quarter. Jackson Grant Investment Advisers Inc. now owns 1,644 shares of the home improvement retailer’s stock valued at $241,000 after buying an additional 6 shares during the last quarter. Pineno Levin & Ford Asset Management Inc. boosted its stake in shares of Home Depot by 0.3% in the first quarter. Pineno Levin & Ford Asset Management Inc. now owns 2,725 shares of the home improvement retailer’s stock valued at $400,000 after buying an additional 9 shares during the last quarter. Mcdaniel Terry & Co. boosted its stake in shares of Home Depot by 0.5% in the first quarter. Mcdaniel Terry & Co. now owns 1,669 shares of the home improvement retailer’s stock valued at $245,000 after buying an additional 9 shares during the last quarter. Finally, Piershale Financial Group Inc. boosted its stake in shares of Home Depot by 0.6% in the first quarter. Piershale Financial Group Inc. now owns 2,192 shares of the home improvement retailer’s stock valued at $322,000 after buying an additional 13 shares during the last quarter. Institutional investors own 71.53% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.29%. Home Depot’s payout ratio is 44.66%.

Home Depot Company Profile

The Home Depot, Inc (The Home Depot) is a home improvement retailer. The Company sells an assortment of building materials, home improvement products, and lawn and garden products, and provides various services. The Home Depot stores serves three primary customer groups: do-it-yourself (DIY) customers, do-it-for-me (DIFM) customers and professional customers.

5 Day Chart for NYSE:HD

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