Stocks to Track: Home Depot Inc (NYSE:HD), Noble Corporation Ordinary Shares (UK) (NYSE:NE)

On Wednesday, Shares of Home Depot Inc (NYSE:HD), added 0.75% and closed at $125.33 in the last trading session. The last trading range of the stock ranges between $123.28 and $125.70. The Home Depot®, the world’s leading home improvement retailer, recently stated sales of $23.2 billion for the third quarter of fiscal 2016, a 6.1 percent increase from the third quarter of fiscal 2015. Comparable store sales for the third quarter of fiscal 2016 were positive 5.5 percent, and comp sales for U.S. stores were positive 5.9 percent.

Net earnings for the third quarter of fiscal 2016 were $2.0 billion, or $1.60 per diluted share, contrast with net earnings of $1.7 billion, or $1.35 per diluted share, in the same period of fiscal 2015. For the third quarter of fiscal 2016, diluted earnings per share raised 18.5 percent from the same period in the prior year.

“We practiced balanced sales growth in the quarter driven by a boost in both ticket and transactions, and our continued focus on productivity drove double-digit earnings-per-share growth,” said Craig Menear, chairman, CEO and president. “I would like to thank our associates and suppliers for their hard work and dedication to our customers throughout the quarter, and particularly in the face of Hurricane Matthew and the flooding in Louisiana.”

Updated Fiscal 2016 Guidance

The Company reaffirmed its fiscal 2016 sales guidance and anticipates sales will be up about 6.3 percent and comp sales will be up about 4.9 percent. The Company raised its diluted earnings-per-share guidance for the year and now anticipates diluted earnings per share to grow about 15.9 percent from fiscal 2015 to $6.33.

The Home Depot will conduct a conference call recently at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

Noble Corporation Ordinary Shares (UK) (NYSE:NE), jumped 0.37% and closed at $5.48 in the last trading session. The last trading range of the stock ranges between $5.25 and $5.61. The company’s Market capitalization is $1.33 Billion with the total Outstanding Shares of 243.23 Million. Noble Corporation plc (NE) declared recently that Bernie G. Wolford, Senior Vice President – Operations, Noble Corporation plc, will present at the Bank of America Merrill Lynch 2016 Global Energy Conference in Miami on Thursday, November 17, 2016, starting at 9:45 a.m. U.S. Eastern Standard Time.

Leave a Reply

Your email address will not be published. Required fields are marked *