Home Depot Inc. (NYSE: HD) is scheduled to report its fiscal first-quarter financial results before the markets open on Tuesday. The consensus estimates call for $1.35 in earnings per share (EPS) on $22.35 billion in revenue. In the same period of last year, the specialty retailer posted EPS of $1.15 and $20.89 billion in revenue.
This company remains the undisputed leader in the home improvement retail category. With spring already in full swing and summer just around the corner, we can expect perhaps the strongest quarter out of Home Depot’s fiscal year.
In addition, analysts are thinking the continued strength seen in the housing market earlier this spring could also bode well for this company. EPS gains have consistently been in the 15% to 20% range, and a consensus of analysts see earnings continuing to grow at about 15% annually for another two to three years.
In its fourth-quarter earnings report, Home Depot raised its dividend by 17% from a quarterly rate of $0.59 per share to a new rate of $0.69. The company also reiterated its intent to repurchase $11 billion of its own stock by the end of fiscal year 2017.
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