Home Depot (NYSE:HD) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Home Depot (NYSE:HD - Get Free Report) posted its quarterly earnings results on Tuesday. The home improvement retailer reported $3.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by ($0.03), RTT News reports. Home Depot had a return on equity of 452.60% and a net margin of 9.45%. The company had revenue of $39.86 billion during the quarter, compared to analyst estimates of $39.24 billion. During the same period last year, the company posted $3.63 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. Home Depot updated its FY 2025 guidance to 14.935-14.935 EPS.

Home Depot Stock Performance

Shares of NYSE HD traded down $6.34 during mid-day trading on Wednesday, hitting $370.71. The company had a trading volume of 3,965,127 shares, compared to its average volume of 3,436,754. The company has a debt-to-equity ratio of 8.65, a current ratio of 1.13 and a quick ratio of 0.31. The business's 50-day simple moving average is $359.38 and its 200-day simple moving average is $387.66. Home Depot has a 12 month low of $323.77 and a 12 month high of $439.37. The firm has a market cap of $368.50 billion, a P/E ratio of 25.18, a PEG ratio of 4.03 and a beta of 1.05.

Home Depot Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 13th were paid a $2.30 dividend. This represents a $9.20 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, March 13th. This is a boost from Home Depot's previous quarterly dividend of $2.25. Home Depot's dividend payout ratio (DPR) is presently 61.66%.

Institutional Investors Weigh In On Home Depot

A hedge fund recently raised its stake in Home Depot stock. Brighton Jones LLC boosted its holdings in shares of The Home Depot, Inc. (NYSE:HD - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,918 shares of the home improvement retailer's stock after purchasing an additional 7,203 shares during the period. Brighton Jones LLC's holdings in Home Depot were worth $10,471,000 as of its most recent SEC filing. Institutional investors own 70.86% of the company's stock.

Wall Street Analyst Weigh In

HD has been the topic of a number of research reports. Jefferies Financial Group dropped their price target on shares of Home Depot from $461.00 to $456.00 in a research note on Tuesday. Stifel Nicolaus upgraded shares of Home Depot from a "hold" rating to a "buy" rating and upped their price objective for the stock from $405.00 to $425.00 in a report on Wednesday. KGI Securities upgraded shares of Home Depot to a "strong-buy" rating in a report on Monday, March 3rd. Gordon Haskett upped their price objective on shares of Home Depot from $350.00 to $360.00 in a report on Tuesday. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $455.00 price objective on shares of Home Depot in a report on Tuesday. Eight analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $427.92.

About Home Depot

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.