HD’s Earnings in Brief
Home Depot reported earnings of $1.38 billion, or $1.05 per share, up from $1.01 billion, or 73 cents per share, a year ago. Excluding special items, EPS was $1.00, above analysts’ view of 89 cents.
Revenue improved 8.3% to $19.16 billion from $17.70 billion. Analysts expected to see revenue of $18.70 billion.
Looking forward, the company expects to see FY2015 EPS between $5.11 and $5.17. Analysts expect to see EPS of $5.23.
Shares Have Rallied, but the Strong Dollar Is a Concern
Despite its outlook concerns, there is good news for shareholders. HD has boosted its dividend by 26% to $2.36 annually – pushing its yield above 2%. The company also announced that its board has approved an $18 billion share buyback program.
Mutual Funds to Watch
|VTSMX||Vanguard Total Stock Market Index||1.72%|
|VFINX||Vanguard 500 Index||1.10%|
|MBDVX||BlackRock Equity Dividend||0.62%|
The Bottom Line
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