HD Supply (HDS) Updates FY19 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.99-3.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.95. The company issued revenue guidance of $5.76-5.91 billion, compared to the consensus revenue estimate of $5.49 billion.HD Supply also updated its Q1 guidance to $0.60-0.66 EPS.

Several brokerages have recently commented on HDS. BidaskClub raised HD Supply from a hold rating to a buy rating in a research note on Thursday, December 7th. Zacks Investment Research lowered HD Supply from a buy rating to a hold rating in a research note on Friday, December 8th. Barclays began coverage on HD Supply in a research note on Thursday, February 15th. They set an overweight rating and a $44.00 price target on the stock. SunTrust Banks reissued a hold rating and set a $42.00 price target on shares of HD Supply in a research note on Thursday, December 7th. Finally, ValuEngine lowered HD Supply from a buy rating to a hold rating in a research note on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $39.21.

HD Supply (NASDAQ HDS) opened at $36.87 on Tuesday. HD Supply has a 12 month low of $28.97 and a 12 month high of $42.80. The company has a current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40. The company has a market cap of $6,983.36, a P/E ratio of 6.93, a P/E/G ratio of 0.66 and a beta of 1.31.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the business earned $0.44 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. research analysts expect that HD Supply will post 2.27 EPS for the current fiscal year.

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HD Supply Company Profile

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.

Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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