Home Depot (HD) Affirms FY12 Outlook; Boosts FY12 Buyback Guidance by $500M
Tweet Send to a FriendGet Alerts HD Hot Sheet
Price: $76.94 -0.32%
Revenue Growth %: +7.2%
Financial Fact:
Other: 0
Today's EPS Names:
ATU, CRWS, CLC, More
Revenue Growth %: +7.2%
Financial Fact:
Other: 0
Today's EPS Names:
ATU, CRWS, CLC, More
Trade HD Now!
The Home Depot (NYSE: HD) will today outline progress on its key strategic priorities and discuss its long-term financial targets at its 2012 Investor and Analyst Conference.
The company reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2012.
In addition, the Company updated its fiscal year 2012 share repurchase guidance and now expects share repurchases of approximately $4.0 billion. This is an increase of $500 million from the guidance provided in May 2012, but given the timing of the share repurchases, the increase will not have a material impact to diluted earnings per share for fiscal 2012.
In June of 2009, the Company announced a long term operating target of a 10 percent operating profit and 15 percent return on invested capital. The Company anticipates achieving this target by fiscal year end and has now set out a new long term, fiscal 2015, operating target as follows:
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The company reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2012.
In addition, the Company updated its fiscal year 2012 share repurchase guidance and now expects share repurchases of approximately $4.0 billion. This is an increase of $500 million from the guidance provided in May 2012, but given the timing of the share repurchases, the increase will not have a material impact to diluted earnings per share for fiscal 2012.
In June of 2009, the Company announced a long term operating target of a 10 percent operating profit and 15 percent return on invested capital. The Company anticipates achieving this target by fiscal year end and has now set out a new long term, fiscal 2015, operating target as follows:
- Operating margin of approximately 12 percent; and
- Return on invested capital of approximately 24 percent
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Tetra Tech (TTEK) Sees Increased Costs in Q3; Approves $100M Buyback
- Rambus Inc. (RMBS) Raises Q2 Revenue Guidance
- Factset Research Systems (FDS) Reports In-Line Q3 EPS; Guides Q4 EPS, Revs
Create E-mail Alert Related Categories
Corporate News, Guidance, Stock BuybacksRelated Entities
Stock Buyback, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
