LONDON, UK / ACCESSWIRE / June 20, 2018 / If you want access to our free earnings report on The Home Depot, Inc. (NYSE: HD), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=HD. The Company reported its financial results on May 15, 2018, for the first quarter of the fiscal year 2018 ended April 29, 2018. The Company surpassed analysts' estimates for earnings but missed revenue forecasts in Q1 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, The Home Depot most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=HD

Earnings Highlights and Summary

For Q1 FY18, Home Depot's total revenues reached $24.95 billion, reflecting an increase of 4.44% from $23.89 billion in Q1 FY17, led by solid results in all segments and categories. The Company's revenue numbers fell behind analysts' consensus estimates of $25.20 billion. The Company's comparable sales were positive 4.20% in Q1 FY18, while comparable sales in the US were positive 3.90%.

For the quarter under review, Home Depot had 375.90 million customer transactions, 1.29% lower than 380.80 million in the previous year's same quarter. The Company had average ticket of 66.02 in Q1 FY18 compared to 62.39 in Q1 FY17. Also, Home Depot's sales per square foot increased 4.53% to $412.03 in Q1 FY18 from $394.17 in Q1 FY17.

During Q1 FY18, Home Depot's cost of sales was $16.33 billion, 3.79% higher than $15.73 billion in Q1 FY17. The Company's gross profit advanced 5.68% to $8.62 billion in the reported quarter from $8.15 billion in the prior year's comparable quarter.

Home Depot incurred total operating expenses of $5.24 billion in Q1 FY18, up 8.97% from $4.81 billion in Q1 FY17. For the quarter under review, the Company's selling, general, and administrative expenses (SG&A) jumped 9.58% to $4.78 billion on a y-o-y basis, while its depreciation and amortization expenses increased 2.93% to $457 million on a y-o-y basis. Home Depot had an operating profit of $3.38 billion in the quarter ended April 29, 2018, 0.96% higher than $3.35 billion in the corresponding period of last year.

Home Depot generated net earnings of $2.40 billion in Q1 FY18, an increase of 19.36% from $2.01 billion in Q1 FY17. The Company's diluted earnings per share (EPS) also rose 24.55% to $2.08 in the reported quarter from $1.67 in the year ago same quarter. This was higher than analysts' consensus estimates of $2.06 per share.

It must be noted that Home Depot adopted ASU No. 2014-09 during Q1 FY18, which pertains to revenue recognition. The impact of this adoption in the reported quarter was an increase of $33 million to net sales, a decrease of $98 million to cost of sales, and a corresponding increase of $131 million to operating expenses. However, it did not impact operating income, net earnings, or EPS.

Cash Matters

Home Depot had cash and cash equivalents of $3.60 billion as on April 29, 2018, an increase of 0.95% from $3.57 billion as on April 30, 2017. The Company had a long-term debt, excluding current installments, of $24.24 billion as on April 29, 2018, up 8.27% from $22.39 billion as on April 30, 2018.

For the three months ended April 29, 2018, Home Depot's cash provided by operating activities was $3.98 billion, 12.77% lower than $4.56 billion in the comparable period of last year. The Company incurred a capital expenditure of $556 million in Q1 FY18 compared to $458 million in Q1 FY17, reflecting an increase of 21.40%.

Home Depot paid $1.19 billion in dividends in Q1 FY18, 11.23% higher than $1.07 billion in Q1 FY17. The Company spent $1.12 billion in common stock repurchases in the reported quarter, down 13.03% from $1.29 billion in the corresponding period of last year.

Outlook

For the full fiscal year 2018, Home Depot expects sales to grow by approximately 6.70% and comparable sales to be up approximately 5%, including the adoption of ASU No. 2014-09. The Company expects EPS growth of approximately 28% on a y-o-y basis to $9.31 in FY18.

On May 17, 2018, Home Depot's Board of Directors declared a first quarter cash dividend of $1.03 per share, which was paid on June 14, 2018, to shareholders of record at the close of business on May 31, 2018. This was the 125th consecutive quarter in which the Company paid a cash dividend.

Stock Performance Snapshot

June 19, 2018 - At Tuesday's closing bell, The Home Depot's stock marginally dropped 0.74%, ending the trading session at $199.21.

Volume traded for the day: 4.23 million shares.

Stock performance in the last month ? up 6.29%; previous three-month period ? up 11.82%; past twelve-month period ? up 25.44%; and year-to-date ? up 5.11%

After yesterday's close, The Home Depot's market cap was at $229.49 billion.

Price to Earnings (P/E) ratio was at 24.79.

The stock has a dividend yield of 2.07%.

The stock is part of the Services sector, categorized under the Home Improvement Stores industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsoredand non-sponsored reports, articles, stock market blogs, and popular investmentnewsletters covering equities listed on NYSE and NASDAQ and Canadian stocks.A-I has two distinct and independent departments. One department producesnon-sponsored analyst certified content generally in the form of pressreleases, articles and reports covering equities listed on NYSE and NASDAQ andthe other produces sponsored content (in most cases not reviewed by aregistered analyst), which typically consists of compensated investmentnewsletters, articles and reports covering listed stocks and micro-caps. Suchsponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly orindirectly; for producing or publishing this document.

PRESS RELEASEPROCEDURES:

The non-sponsored content contained herein has beenprepared by a writer (the "Author") and is fact checked and reviewedby a third-party research service company (the "Reviewer")represented by a credentialed financial analyst [for further information onanalyst credentials, please email info@active-investors.com.Rohit Tuli, a CFA® charterholder (the "Sponsor"),provides necessary guidance in preparing the document templates. The Reviewerhas reviewed and revised the content, as necessary, based on publicly availableinformation which is believed to be reliable. Content is researched, writtenand reviewed on a reasonable-effort basis. The Reviewer has not performed anyindependent investigations or forensic audits to validate the informationherein. The Reviewer has only independently reviewed the information providedby the Author according to the procedures outlined by A-I. A-I is not entitledto veto or interfere in the application of such procedures by the third-partyresearch service company to the articles, documents or reports, as the case maybe. Unless otherwise noted, any content outside of this document has noassociation with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are notresponsible for any error which may be occasioned at the time of printing ofthis document or any error, mistake or shortcoming. No liability is acceptedwhatsoever for any direct, indirect or consequential loss arising from the useof this document. A-I, the Author, and the Reviewer expressly disclaim anyfiduciary responsibility or liability for any consequences, financial orotherwise arising from any reliance placed on the information in this document.Additionally, A-I, the Author, and the Reviewer do not (1) guarantee theaccuracy, timeliness, completeness or correct sequencing of the information, or(2) warrant any results from use of the information. The included informationis subject to change without notice.

NOT ANOFFERING

This document is not intended as an offering,recommendation, or a solicitation of an offer to buy or sell the securitiesmentioned or discussed, and is to be used for informational purposes only.Please read all associated disclosures and disclaimers in full beforeinvesting. Neither A-I nor any party affiliated with us is a registered investmentadviser or broker-dealer with any agency or in any jurisdiction whatsoever. Todownload our report(s), read our disclosures, or for more information, visithttp://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach outto us directly. If you're a company we are covering andwish to no longer feature on our coverage list contact us via email and/or phonebetween 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email:info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, KualaLumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE:Active-Investors