Brokerages expect that HD Supply Holdings Inc (NASDAQ:HDS) will report sales of $1.16 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for HD Supply’s earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.17 billion. HD Supply reported sales of $1.63 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 28.8%. The company is expected to report its next quarterly earnings results on Tuesday, March 13th.

On average, analysts expect that HD Supply will report full-year sales of $1.16 billion for the current fiscal year, with estimates ranging from $5.06 billion to $5.11 billion. For the next year, analysts anticipate that the company will post sales of $5.43 billion per share, with estimates ranging from $5.34 billion to $5.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover HD Supply.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.05. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS.

Several brokerages have recently commented on HDS. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Morgan Stanley reiterated an “equal weight” rating and set a $38.00 price objective (up from $37.00) on shares of HD Supply in a research report on Monday, October 2nd. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Co increased their price objective on HD Supply from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, October 6th. Finally, Robert W. Baird reiterated a “hold” rating and set a $38.00 price objective on shares of HD Supply in a research report on Monday, October 9th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.85.

A number of hedge funds have recently modified their holdings of the stock. American National Bank lifted its holdings in HD Supply by 15.9% in the 4th quarter. American National Bank now owns 70,411 shares of the industrial products company’s stock worth $2,819,000 after buying an additional 9,659 shares during the period. DnB Asset Management AS lifted its holdings in HD Supply by 28.6% in the 4th quarter. DnB Asset Management AS now owns 53,060 shares of the industrial products company’s stock worth $2,124,000 after buying an additional 11,800 shares during the period. Aurora Investment Counsel purchased a new stake in HD Supply in the 4th quarter worth approximately $1,973,000. California Public Employees Retirement System lifted its holdings in HD Supply by 4.8% in the 3rd quarter. California Public Employees Retirement System now owns 445,211 shares of the industrial products company’s stock worth $16,059,000 after buying an additional 20,211 shares during the period. Finally, Davidson Kempner Capital Management LP purchased a new stake in HD Supply in the 3rd quarter worth approximately $12,625,000.

Shares of HD Supply (HDS) traded down $0.78 during midday trading on Wednesday, reaching $38.45. The company’s stock had a trading volume of 2,122,400 shares, compared to its average volume of 2,688,760. The company has a market cap of $7,010.00, a price-to-earnings ratio of 32.04, a P/E/G ratio of 0.86 and a beta of 1.40. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80. HD Supply has a fifty-two week low of $28.97 and a fifty-two week high of $44.73.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, 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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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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