The Home Depot, Inc. (NYSE:HD) to Post Q1 2025 Earnings of $3.97 Per Share, Wedbush Forecasts

Posted by on Jun 14th, 2023

The Home Depot, Inc. (NYSE:HD – Get Rating) – Analysts at Wedbush issued their Q1 2025 earnings per share (EPS) estimates for Home Depot in a research note issued to investors on Monday, June 12th. Wedbush analyst S. Basham forecasts that the home improvement retailer will post earnings per share of $3.97 for the quarter. The consensus estimate for Home Depot’s current full-year earnings is $14.97 per share. Wedbush also issued estimates for Home Depot’s Q2 2025 earnings at $4.73 EPS, Q3 2025 earnings at $4.07 EPS and Q4 2025 earnings at $3.07 EPS.

Home Depot (NYSE:HD – Get Rating) last announced its earnings results on Tuesday, May 16th. The home improvement retailer reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.80 by $0.02. Home Depot had a net margin of 10.75% and a return on equity of 1,936.63%. The company had revenue of $37.26 billion for the quarter, compared to analyst estimates of $38.35 billion. During the same period in the prior year, the business earned $4.09 earnings per share. Home Depot’s quarterly revenue was down 4.2% on a year-over-year basis.

Several other brokerages have also issued reports on HD. Wells Fargo & Company raised their target price on shares of Home Depot from $325.00 to $345.00 in a research note on Thursday, June 8th. Truist Financial cut their price target on Home Depot from $352.00 to $318.00 in a research note on Wednesday, May 17th. 92 Resources reaffirmed a “maintains” rating on shares of Home Depot in a research note on Wednesday, May 17th. Cowen cut their target price on Home Depot from $379.00 to $360.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 22nd. Finally, Loop Capital decreased their target price on Home Depot from $300.00 to $280.00 in a research report on Wednesday, May 17th. Thirteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $324.32.

Home Depot Stock Down 0.2 %

NYSE HD opened at $300.23 on Tuesday. The company has a debt-to-equity ratio of 113.02, a quick ratio of 0.28 and a current ratio of 1.27. Home Depot has a 52 week low of $264.51 and a 52 week high of $347.25. The stock has a market capitalization of $301.85 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.91 and a beta of 0.93. The stock has a fifty day moving average of $293.02 and a 200-day moving average of $304.62.

Institutional Investors Weigh In On Home Depot

Several hedge funds have recently added to or reduced their stakes in the business. Teamwork Financial Advisors LLC increased its position in Home Depot by 1.4% during the 4th quarter. Teamwork Financial Advisors LLC now owns 2,309 shares of the home improvement retailer’s stock worth $729,000 after buying an additional 31 shares during the period. Retirement Planning Co of New England Inc. increased its position in Home Depot by 0.5% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 5,769 shares of the home improvement retailer’s stock worth $1,822,000 after acquiring an additional 31 shares during the period. Summit Asset Management LLC raised its stake in Home Depot by 0.9% in the 4th quarter. Summit Asset Management LLC now owns 3,491 shares of the home improvement retailer’s stock worth $1,103,000 after purchasing an additional 31 shares in the last quarter. Insight Wealth Strategies LLC boosted its holdings in Home Depot by 0.6% in the 4th quarter. Insight Wealth Strategies LLC now owns 5,794 shares of the home improvement retailer’s stock valued at $1,830,000 after purchasing an additional 32 shares during the period. Finally, Monterey Private Wealth Inc. grew its position in shares of Home Depot by 2.2% during the 4th quarter. Monterey Private Wealth Inc. now owns 1,495 shares of the home improvement retailer’s stock worth $472,000 after purchasing an additional 32 shares in the last quarter. Institutional investors and hedge funds own 68.31% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Hector A. Padilla sold 1,502 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $293.09, for a total value of $440,221.18. Following the completion of the sale, the executive vice president now directly owns 13,958 shares in the company, valued at approximately $4,090,950.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.19% of the company’s stock.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be issued a dividend of $2.09 per share. The ex-dividend date is Wednesday, May 31st. This represents a $8.36 dividend on an annualized basis and a yield of 2.78%. Home Depot’s payout ratio is 50.94%.

About Home Depot

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The Home Depot, Inc operates as a home improvement retailer. 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.

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

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