家得宝(纽约证券交易所代码:HD)更新了24财年收益指南

家得宝(纽约证券交易所代码:HD)更新了24财年收益指南
2023年02月24日 12:52 富途牛牛综合

Home Depot (NYSE:HD – Get Rating) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ~$15.86 for the period, compared to the consensus earnings per share estimate of $16.77. The company issued revenue guidance of ~$157.4 billion, compared to the consensus revenue estimate of $158.43 billion.

Home Depot Price Performance

HD stock traded up $3.01 during mid-day trading on Thursday, hitting $299.31. The company had a trading volume of 4,336,692 shares, compared to its average volume of 3,518,524. The company has a market capitalization of $306.41 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 1.54 and a beta of 0.93. Home Depot has a 12-month low of $264.51 and a 12-month high of $347.25. The company has a quick ratio of 0.33, a current ratio of 1.41 and a debt-to-equity ratio of 26.86. The company has a 50-day moving average price of $319.17 and a 200 day moving average price of $306.06.

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Home Depot (NYSE:HD – Get Rating) last posted its earnings results on Tuesday, February 21st. The home improvement retailer reported $3.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.26 by $0.04. Home Depot had a net margin of 10.87% and a return on equity of 4,929.40%. The firm had revenue of $35.83 billion for the quarter, compared to the consensus estimate of $36 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. On average, research analysts anticipate that Home Depot will post 16.86 earnings per share for the current year.

Home Depot Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be issued a $2.09 dividend. The ex-dividend date is Wednesday, March 8th. This is an increase from Home Depot's previous quarterly dividend of $1.90. This represents a $8.36 dividend on an annualized basis and a dividend yield of 2.79%. Home Depot's payout ratio is 45.56%.

Analysts Set New Price Targets

Several brokerages recently commented on HD. Telsey Advisory Group cut their price target on shares of Home Depot from $360.00 to $340.00 and set an outperform rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their price target on shares of Home Depot from $366.00 to $329.00 and set a buy rating on the stock in a report on Tuesday, November 8th. MKM Partners dropped their target price on shares of Home Depot from $330.00 to $312.00 in a research note on Wednesday, November 9th. Cowen dropped their target price on shares of Home Depot from $379.00 to $360.00 and set an outperform rating on the stock in a research note on Wednesday. Finally, Loop Capital dropped their target price on shares of Home Depot from $310.00 to $300.00 and set a hold rating on the stock in a research note on Wednesday. Thirteen investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to data from MarketBeat, Home Depot currently has an average rating of Moderate Buy and an average price target of $331.45.

Institutional Trading of Home Depot

A number of hedge funds and other institutional investors have recently made changes to their positions in HD. Fairfield Bush & CO. acquired a new stake in Home Depot during the first quarter valued at $27,000. Studio Investment Management LLC acquired a new stake in Home Depot during the fourth quarter valued at $32,000. Alpha Paradigm Partners LLC acquired a new stake in Home Depot during the third quarter valued at $45,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Home Depot during the fourth quarter valued at $59,000. Finally, Atlas Capital Advisors LLC grew its position in Home Depot by 35.0% during the second quarter. Atlas Capital Advisors LLC now owns 328 shares of the home improvement retailer's stock valued at $90,000 after buying an additional 85 shares during the period. Institutional investors and hedge funds own 68.31% of the company's stock.

Home Depot Company Profile

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The Home Depot, Inc engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental.

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