Home Depot (NYSE:HD) Issues FY 2025 Earnings Guidance

Home Depot (NYSE:HD - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 14.935-14.935 for the period, compared to the consensus estimate of 15.000. The company issued revenue guidance of $164.0 billion-$164.0 billion, compared to the consensus revenue estimate of $164.0 billion.

Home Depot Stock Down 1.7%

Shares of HD stock traded down $6.34 on Wednesday, hitting $370.71. The stock had a trading volume of 3,965,127 shares, compared to its average volume of 3,436,754. The firm has a market capitalization of $368.50 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 4.03 and a beta of 1.05. The stock's 50 day moving average is $359.38 and its 200-day moving average is $387.66. The company has a debt-to-equity ratio of 8.65, a quick ratio of 0.31 and a current ratio of 1.13. Home Depot has a 52-week low of $323.77 and a 52-week high of $439.37.

Home Depot (NYSE:HD - Get Free Report) last announced its earnings results on Tuesday, May 20th. The home improvement retailer reported $3.56 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.03). The firm had revenue of $39.86 billion during the quarter, compared to analysts' expectations of $39.24 billion. Home Depot had a net margin of 9.45% and a return on equity of 452.60%. Home Depot's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.63 earnings per share. As a group, research analysts expect that Home Depot will post 15.13 earnings per share for the current year.

Home Depot Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th were paid a $2.30 dividend. The ex-dividend date was Thursday, March 13th. This is an increase from Home Depot's previous quarterly dividend of $2.25. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. Home Depot's dividend payout ratio is 61.66%.

Wall Street Analysts Forecast Growth

HD has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of Home Depot from $435.00 to $418.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Stifel Nicolaus raised shares of Home Depot from a "hold" rating to a "buy" rating and upped their price target for the company from $405.00 to $425.00 in a report on Wednesday. Truist Financial upped their price target on shares of Home Depot from $393.00 to $417.00 and gave the company a "buy" rating in a report on Tuesday. Mizuho cut their price target on shares of Home Depot from $450.00 to $435.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $440.00 price target on shares of Home Depot in a report on Wednesday, February 26th. Eight research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $427.92.

Hedge Funds Weigh In On Home Depot

An institutional investor recently raised its position in Home Depot stock. Brighton Jones LLC boosted its stake in The Home Depot, Inc. (NYSE:HD - Free Report) by 36.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,918 shares of the home improvement retailer's stock after buying an additional 7,203 shares during the period. Brighton Jones LLC's holdings in Home Depot were worth $10,471,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 70.86% of the company's stock.

Home Depot Company Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.