UPDATE: Home Depot, Inc. (HD) Tops Q4 EPS by 3c; Sees Boosted Dividend; $17B Buyback

February 26, 2013 6:03 AM EST
(Updated - February 26, 2013 6:20 AM EST)

Home Depot, Inc. (NYSE: HD) reported Q4 adjusted EPS of $0.67, versus the analyst estimate of $0.64. Revenue for the quarter came in at $18.2 billion versus the consensus estimate of $17.66 billion.

Total comps improved seven percent and comp sales for U.S. stores were 7.1 percent.

Home Depot boosted its dividend 34 percent to 39 cents, yielding about 2.4 percent currently. The company also approved a new $17 billion buyback plan, replacing the current one that was in force.

Last quarter, Home Depot guided to FY12 EPS of $3.03, with the company reporting adjusted EPS of $3.10 today.

"We ended the year with a strong performance as our business benefited from a continued recovery in the housing market coupled with sales related to repairs in the areas impacted by Hurricane Sandy," commented CEO Frank Blake.

Looking ahead, Home Depot sees fiscal 2013 sales growth of about two percent, or about $76.25 billion. Comparable store sales growth will be approximately three percent. EPS should grow 12 percent to $3.37.

The Street consensus currently calls for revs of $76.37 billion and EPS of $3.49.

For earnings history and earnings-related data on Home Depot, Inc. (HD) click here.

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