Home Depot (NYSE:HD) Updates FY 2019 Earnings Guidance
Home Depot (NYSE:HD) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $10.34-10.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $10.10. The company issued revenue guidance of $110.691669-110.691669 billion, compared to the consensus revenue estimate of $111.25 billion.
Home Depot stock opened at $220.40 on Thursday. The firm has a market capitalization of $228.80 billion, a P/E ratio of 22.29, a PEG ratio of 1.93 and a beta of 1.12. Home Depot has a 1 year low of $158.09 and a 1 year high of $220.88. The business has a 50-day moving average of $212.20 and a 200-day moving average of $199.20.
Home Depot (NYSE:HD) last posted its earnings results on Tuesday, August 20th. The home improvement retailer reported $3.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.07 by $0.10. The company had revenue of $30.84 billion during the quarter, compared to analyst estimates of $30.98 billion. Home Depot had a negative return on equity of 6,597.69% and a net margin of 10.24%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $3.05 EPS. On average, equities research analysts expect that Home Depot will post 10.12 EPS for the current fiscal year.
In other Home Depot news, EVP Timothy A. Hourigan sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $193.30, for a total value of $2,512,900.00. Following the sale, the executive vice president now owns 64,575 shares in the company, valued at approximately $12,482,347.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa Wynn Roseborough sold 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $194.38, for a total value of $1,652,230.00. Following the completion of the sale, the executive vice president now owns 13,357 shares in the company, valued at approximately $2,596,333.66. The disclosure for this sale can be found here. Insiders have sold a total of 82,522 shares of company stock worth $16,156,831 in the last quarter. 0.27% of the stock is currently owned by company 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.
Read More: What is a Buy-Side Analyst?
Receive News & Ratings for Home Depot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Depot and related companies with MarketBeat.com's FREE daily email newsletter.