Steven Forbes of Guggenheim increased Home Depot’s (NYSE: HD) price objective to $355.00, up from $350.00, while maintaining a Buy rating. Home Depot (NYSE: HD) posted Q2 EPS of $5.05.
On August 16, 2022, $0.11 was higher than the analyst expectation of $4.94. Revenue for the quarter was $43.8 billion, compared to a consensus forecast of $43.36 billion. The company maintained a fiscal 2022 projection of total sales growth and comparable sales growth of about 3.0%, an operating margin of approximately 15.4% net interest expense of approximately $1.6 billion. A tax rate of approximately 24.6% reduced earnings-per-share growth to the mid-single digits.
The Home Depot, Inc. is a retailer of home improvement products. It owns and runs The Home Depot stores, which provide a variety as well as facility maintenance, repair, and operations products. Flooring, cabinets and cabinet makeovers, countertops, furnaces, central air systems, and windows are also installed by the company.
Homeowners and professional renovators and remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors, and specialist tradespeople such as electricians, plumbers, and painters are the primary customers of the company.
It also sells its products on websites such as homedepot.com, blinds.com, which sells custom window coverings, and thecompanystore.com, which provides textiles and décor products. The corporation operated 2,317 outlets in the United States as of December 31, 2021.
HD is currently worth USD 325.84 (-0.52%). The company’s highest price today was USD 329.5, and its lowest price was USD 324.07.
HD has a 1478828 trade volume and a market cap of 334883359596. The firm has a PE of 20.68 and an EPS of 15.75. In the previous 52 weeks, the price ranged from USD 264.51 to USD 420.61.
There are now 1027755000 HD shares available.
Roberto holds a Master's Degree in Communication and proudly wears his 15 years of direct and managerial experience in intensive Digital Marketing and Financial Analytics. He was the founder of Good Noon, a Digital Marketing Agency awarded by Expertise among the top 10 best marketing agencies in San Francisco in 2020.
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