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Home Depot tops expectations

23 February 2022 By Klavs Valters

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Home Depot Inc. reported its fourth quarter earnings results before the opening bell in the US today.

The world’s largest home improvement retailer reported total revenue of $35.719 billion for the quarter, beating analyst forecasts of $34.88 billion.

Earnings per share was also slightly above analyst estimate at $3.21 per share vs. $3.18 per share expected.

The Company also announced that it will increase in its quarterly dividend by 15% to $1.90 per share.

“Fiscal 2021 was another record year for The Home Depot. We achieved a milestone of over $150 billion in sales,” said Craig Menear, Chairman and CEO.

“Our ability to grow the business by over $40 billion in the last two years is a testament to investments we have made in the business, our ability to execute with agility, and our associates’ relentless focus on our customers. I would like to thank all of our associates, as well as our supplier partners, for their hard work and dedication to serving our customers, communities and each other,” Menear added.

Home Depot Inc. (HD) chart (Monthly)

Shares of Home Depot trading lower during the session on Tuesday, down by around 8% at $315.98 per share.

Here is how the stock has performed in the past year –

  • 1 Month: -13.29%
  • 3 Month: -22.83%
  • Year-to-date: -23.99%
  • 1 Year: +14.36%

Home Depot Inc. is the 24th largest company in the world with a market cap of $331.24 billion.

You can trade Home Depot Inc. (HD) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with Encrypt Investment as a Share CFD.

Sources: Home Depot Inc., TradingView, CompaniesMarketCap

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