Analysts Estimate Report : What to Look Out for Home Depot Stock Forecast, Price & News (NYSE:HD)

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Earnings results for Home Depot Stock Forecast, Price & News (NYSE:HD)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has increased over the past week from 3.36 to 3.71(10.42%) and increased over the past month from 3.23 to 3.71(14.86%). Of the 8 analysts making quarterly forecasts, 8raised and none lowered their forecast. For the fiscal year ending Jan 2021 , the consensus EPS* forecast has increased over the past week from 10.17 to 10.64(4.62%) and increased over the past month from 9.98 to 10.17(1.90%). Of the 9 analysts making yearly forecasts, 9raised and none lowered their forecast.

Home Depot last released its quarterly earnings data on May 19th, 2020. The home improvement retailer reported $2.08 EPS for the quarter, missing the consensus estimate of $2.27 by $0.19. The company had revenue of $28.26 billion for the quarter, compared to the consensus estimate of $27.59 billion. Its quarterly revenue was up 7.1% compared to the same quarter last year. Home Depot has generated $10.25 earnings per share over the last year and currently has a price-to-earnings ratio of 28.7. Home Depot has confirmed that its next quarterly earnings report will be published on Tuesday, August 18th, 2020.

Analyst Opinion on Home Depot Stock Forecast, Price & News (NYSE:HD)

35 Wall Street analysts have issued ratings and price targets for Home Depot in the last 12 months. Their average twelve-month price target is $267.39, predicting that the stock has a possible downside of 7.23%. The high price target for HD is $306.00 and the low price target for HD is $215.00. There are currently 1 sell rating, 10 hold ratings, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Home Depot has received a consensus rating of Buy. The company’s average rating score is 2.69, and is based on 23 buy ratings, 10 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $267.39, Home Depot has a forecasted downside of 7.2% from its current price of $288.24. Home Depot has been the subject of 18 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Home Depot Stock Forecast, Price & News (NYSE:HD)

Home Depot pays a meaningful dividend of 2.14%, higher than the bottom 25% of all stocks that pay dividends. Home Depot has only been increasing its dividend for 1 years. The dividend payout ratio of Home Depot is 58.54%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Home Depot will have a dividend payout ratio of 53.72% next year. This indicates that Home Depot will be able to sustain or increase its dividend.

Insiders buying/selling: Home Depot Stock Forecast, Price & News (NYSE:HD)

In the past three months, Home Depot insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,246,708.00 in company stock. Only 0.26% of the stock of Home Depot is held by insiders. 69.65% of the stock of Home Depot is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Home Depot Stock Forecast, Price & News (NYSE:HD

Earnings for Home Depot are expected to grow by 10.05% in the coming year, from $10.15 to $11.17 per share. The P/E ratio of Home Depot is 28.65, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.56. The P/E ratio of Home Depot is 28.65, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 36.67. Home Depot has a PEG Ratio of 2.34. PEG Ratios above 1 indicate that a company could be overvalued.

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