|Bid||188.22 x 1000|
|Ask||188.28 x 900|
|Day's Range||188.05 - 192.19|
|52 Week Range||158.09 - 215.43|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||19.42|
|Earnings Date||Aug 20, 2019|
|Forward Dividend & Yield||5.44 (2.67%)|
|1y Target Est||205.86|
Target reported earnings beating expectations. Yahoo Finance's Julie Hyman, Adam Shapiro, Scott Gamm, and David Nelson of Belpointe Asset Management discuss.
Wednesday, the Federal Open Market Committee will release its meeting minutes and retailers Lowe's and Target will report earnings.
Futures in New York slipped as much as 3.2% Wednesday, the biggest drop since May 2, after the U.S. Energy Department said weekly American crude inventories had swelled to the highest since July 2017. Gasoline stockpiles also grew faster than expected, domestic oil production increased and refinery utilization fell to the lowest seasonally adjusted level in five years. “It’s a tough one to be bullish about," said Rob Thummel, managing director at Tortoise, a Kansas-based money manager that oversees $21 billion in assets.
Shares of The Home Depot Inc. (HD) jumped 0.26% to $191.45 on Tuesday after beating consensus estimates on GAAP earnings for the first quarter of fiscal 2019 by 7 cents, posting $2.27 per diluted share, or a 9.1% increase from the prior-year quarter. Warning! GuruFocus has detected 1 Warning Sign with UNVR. For the first quarter, the Atlanta, Georgia-based home improvement retailer recorded a 2.5% increase in comparable-store sales and a 3% increase in comparable U.S. store sales.
Key Takeaways from Home Depot's Q1 EarningsFirst-quarter performanceHome Depot (HD) reported its fiscal 2019 first-quarter earnings results on May 21. For the quarter, which ended on May 5, the company posted adjusted EPS of $2.27 on revenue of
Shares fell as much as 12% on Wednesday -- the most intraday since 2008.Adjusted earnings per share this year will be between $5.54 and $5.74, down from a prior outlook of $6 to $6.10. Key InsightsDemand is fine at the retailer, with Chief Executive Officer Marvin Ellison calling the U.S. consumer “healthy” and Lowe’s comparable sales beating those of bigger rival Home Depot Inc. But it’s costs, not demand, that dragged down results. Lowe’s took on cost increases from suppliers last year, Ellison said in an interview, but failed to offset that with boosting retail prices.
The stock was tumbling on Wednesday, following the home center’s downbeat first-quarter earnings and lowered full-year outlook.
The major stock indexes were squarely lower in morning trade Wednesday. Chip giant Qualcomm plunged on an antitrust ruling.
Lowe's (LOW) top and bottom lines improve year over year in Q1. However, gross margin contracts owing to cost pressures, among other factors.
Lowe's earnings missed views while sales slightly beat early Wednesday after Home Depot earnings and sales topped Q1 estimates Tuesday. Lowe's stock dived.
The Mooresville-based home-improvement retailer’s first-quarter earnings missed the consensus analyst estimates this morning, and the share price for the company’s stock was down up to 9% in pre-market trading.
US home improvement retailer Lowe’s slashed its profit guidance for 2019 as it said rising costs had weighed on earnings in the first quarter. Lowe’s on Wednesday said it expects earnings per share of $5.54 to $5.74 for the 2019 fiscal year, down from the $6.00 to $6.10 it had forecast in February. with rival Home Depot, blamed higher costs for squeezing its margins.
Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on results.
Sucharita Kodali, retail analyst at Forrester Research, joins "Squawk Box" to discuss how retail stocks are being affected by earnings.
Jason Ware, partner at CIO at Albion Financial Group, joins "Squawk Box" to discuss why he thinks Home Depot is a clear winner for investors.
Brian Nagel, senior equity analyst at Oppenheimer, sits down with "Squawk Box" to break down earnings report from home improvement store Lowe's as well as how the company did compared to its competitor Home Depot.