HD Supply Holdings, Inc. (HDS) Updates FY18 Earnings Guidance
HD Supply Holdings, Inc. (NASDAQ:HDS) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.02-2.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11. The company issued revenue guidance of $5.00-5.1 billion, compared to the consensus revenue estimate of $5.11 billion.HD Supply Holdings also updated its Q2 guidance to $0.60-0.65 EPS.
Several analysts have recently commented on the stock. UBS AG upgraded shares of HD Supply Holdings to an outperform rating and set a $44.00 price objective on the stock in a research report on Wednesday, April 19th. Longbow Research downgraded shares of HD Supply Holdings from a buy rating to a neutral rating in a research report on Monday, July 10th. Wells Fargo & Company restated an outperform rating and set a $40.00 price objective (down from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. J P Morgan Chase & Co upgraded shares of HD Supply Holdings from a neutral rating to an overweight rating and set a $36.00 price objective on the stock in a research report on Friday, July 14th. Finally, ValuEngine downgraded shares of HD Supply Holdings from a buy rating to a hold rating in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $40.50.
HD Supply Holdings, Inc. (NASDAQ:HDS) opened at 31.27 on Wednesday. The stock has a market capitalization of $6.34 billion, a PE ratio of 21.51 and a beta of 1.40. The firm has a 50 day moving average of $32.67 and a 200-day moving average of $39.25. HD Supply Holdings, Inc. has a 52 week low of $28.97 and a 52 week high of $44.73.
HD Supply Holdings (NASDAQ:HDS) last issued its earnings results on Tuesday, June 6th. The industrial products company reported $0.63 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.02. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. HD Supply Holdings’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. On average, equities analysts predict that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.
HD Supply Holdings announced that its Board of Directors has approved a share buyback plan on Tuesday, June 6th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
HD Supply Holdings Company Profile
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.
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