In the last trading session, 3.7 million shares of the Home Depot, Inc. (NYSE:HD) were traded, and its beta was 1.01. Most recently the company’s share price was $339.00, and it changed around $2.89 or 0.86% from the last close, which brings the market valuation of the company to $335.96B. HD currently trades at a discount to its 52-week high of $396.87, offering almost -17.07% off that amount. The share price’s 52-week low was $274.26, which indicates that the current value has risen by an impressive 19.1% since then. We note from Home Depot, Inc.’s average daily trading volume that its 3-month average coming to 3.41 million.
Home Depot, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2.08. If we narrow it down even further, the data shows that 0 out of 33 analysts rate the stock as a Sell; another 12 rate it as Overweight. Among the rest, 9 recommended HD as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Home Depot, Inc. is expected to report earnings per share of $3.38 for the current quarter.
Home Depot, Inc. (NYSE:HD) trade information
Instantly HD has showed a green trend with a performance of 0.86% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -2.18% year-to-date, but still up 1.25% over the last five days. On the other hand, Home Depot, Inc. (NYSE:HD) is -13.14% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $358.7, which translates to bulls needing to increase their stock price by 5.49% from its current value. Analyst projections state that HD is forecast to be at a low of $250 and a high of $450.
Home Depot, Inc. (HD) estimates and forecasts
Home Depot, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 18.36 percent over the past six months and at a 1.72% annual growth rate that is well above the industry average of -1.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -0.60% in revenue this quarter, and will report a decrease of -6.70% in the next quarter. The year-over-year growth rate is expected to be 1.10%, up from the previous year.
Consensus estimates provided by 26 financial analysts predict the company will bring in an average of $34.41 billion in revenue for the current quarter. 26 analysts expect Home Depot, Inc. to make $39.91 billion in revenue for the quarter ending Jul 2024.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 9.21%. Home Depot, Inc. earnings are expected to increase by 1.56% in 2024, but the outlook is positive 4.30% per year for the next five years.
HD Dividends
Home Depot, Inc.’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 2.51 percent and its annual dividend per share was 8.52. It is important to note, however, that the 2.51% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
