--> +2% TO ALL TIME HIGHS
Home Depot beats by $0.10, beats on revs; guides FY18 EPS & revs roughly in line; Q4 comps +5.8%; increases quarterly dividend to $0.89 from $0.69/share; authorizes $15.0 bln share repurchase program
- Reports Q4 (Jan) earnings of $1.44 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $1.34; revenues rose 5.8% year/year to $22.21 bln vs the $21.81 bln Capital IQ Consensus.
- Co issues in-line guidance for FY18, sees EPS of $7.13 vs. $7.17 Capital IQ Consensus Estimate; sees FY18 revs of growth of ~4.6% to ~$98.95 bln vs. $98.32 bln Capital IQ Consensus Estimate; sees comps growing ~4.6%
- Comparable store sales for the fourth quarter of fiscal 2016 were positive 5.8 percent, and comp sales for U.S. stores were positive 6.3 percent.
- The board of directors declared a 29 percent increase in the quarterly dividend to $0.89 per share. The dividend is payable on March 23, 2017, to shareholders of record on the close of business on March 9, 2017.
- The board of directors has authorized a $15.0 billion share repurchase program, replacing its previous authorization. Since 2002 and through January 29, 2017, the Company has returned more than $67 billion of cash to shareholders through repurchases, repurchasing approximately 1.3 billion shares.