Home Depot Inc. (NYSE: HD) is scheduled to release its fiscal first-quarter financial results before the markets open on Tuesday. Analysts are calling for $2.26 in earnings per share (EPS) and $27.28 billion in revenue. The same period of last year reportedly had $2.27 in EPS and $26.38 billion in revenue.
This company was a “good economy winner” known for raising dividends and buying back stock, but with shares now back to their all-time highs, the stock has a dividend yield right at 2.5%. It should be expected that very few homes will be purchased in the coming months, even with rock-bottom mortgage rates, but homeownership requires ongoing maintenance and care that will keep Home Depot shoppers going there for years.
During the previous quarter, comparable sales rose 5.2% globally and 5.3% in the United States. For the fiscal 2019 full year, comparable sales increased 3.5% globally and 3.8% domestically.
At that time, the board of directors has approved a 10% increase in its quarterly dividend to $1.50 per share, which equates to an annual dividend of $6.00 per share.
Excluding Monday’s move, Home Depot stock had outperformed the S&P 500 and Dow Jones industrial average with a gain of about 10% year to date. In the past 52 weeks, the share price was up closer to 24%.
A few analysts weighed in on Home Depot ahead of the report:
- Piper Sandler has a Neutral rating and a $236 price target.
- Jefferies has a Buy rating with a $269 target price.
- Wells Fargo has an Overweight rating and a $260 price target.
- Raymond James rates it as Outperform with a $230 price target.
- SunTrust’s Hold rating comes with a $220 price target.
- UBS has a Buy rating with a $250 price target.
Home Depot stock traded up 3% at $246.50 on Monday, in a 52-week range of $140.63 to $247.36. The consensus price target is $225.92.
The Average American Is Losing Their Savings Every Day (Sponsor)
If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.
Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.
But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
