Home Depot to hire 1400 people in Denver area
- Author: Zachary Reyes Mar 02, 2017,
Mar 02, 2017, 21:25
The home improvement retailer reported $1.44 EPS for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.11. The business had revenue of $23.20 billion for the quarter, compared to the consensus estimate of $23.05 billion. On average, analysts anticipate that Home Depot, Inc. will post $7.24 EPS for the current fiscal year.
Its 19% digital sales spike pushed e-commerce to just under 6% of the business, yet almost half of all orders still include a physical trip to a Home Depot location. (The)'s previous quarterly dividend of $0.69. (NYSE:HD) belonging to the Retail-Wholesale sector has surged 1.22% and closed its last trading session at $146.68.
Home Depot took out $2 billion of new loans to push its total long-term debt burden up above $22 billion. BlackRock Institutional Trust Company N.A. now owns 33,849,590 shares of the home improvement retailer's stock worth $4,355,765,000 after buying an additional 338,536 shares during the period. (NYSE:HD) yearly performance is 19.23% and net profit margin is 8.40%.
The Home Depot, Inc.is now showing 11.5% EPS growth this year. This is a positive change from Home Depot, Inc. That left plenty of funds to pay for nearly $2 billion of capital investments and $3.4 billion of dividends. Bank of Montreal Can acquired a new stake in shares of Home Depot, Inc. Vetr raised Home Depot, Inc. Finally, Citigroup Inc. reiterated a "buy" rating on shares of Home Depot, Inc.
At the same time, mortgage rates are climbing and home prices are increasing, so some existing home owners are staying put and spending their money on home improvement projects.