Analysts expect that HD Supply Holdings Inc (NASDAQ:HDS) will post $1.59 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for HD Supply’s earnings, with the lowest sales estimate coming in at $1.58 billion and the highest estimate coming in at $1.60 billion. HD Supply posted sales of $1.37 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 16.1%. The business is scheduled to issue its next earnings report on Tuesday, December 4th.
On average, analysts expect that HD Supply will report full-year sales of $5.78 billion for the current financial year, with estimates ranging from $5.12 billion to $5.99 billion. For the next financial year, analysts forecast that the company will report sales of $6.27 billion per share, with estimates ranging from $6.17 billion to $6.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow HD Supply.
HD Supply (NASDAQ:HDS) last posted its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis.
Several equities analysts have weighed in on HDS shares. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Wells Fargo & Co set a $50.00 target price on shares of HD Supply and gave the company a “buy” rating in a report on Wednesday, June 6th. Robert W. Baird raised their target price on shares of HD Supply from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, June 6th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Finally, BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. HD Supply has an average rating of “Buy” and an average price target of $47.33.
In related news, Director Jana Partners Llc sold 636,023 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $43.93, for a total value of $27,940,490.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John Stegeman sold 57,200 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the completion of the sale, the insider now owns 95,652 shares of the company’s stock, valued at $4,304,340. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,196,325 shares of company stock valued at $95,704,024. Insiders own 0.72% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC grew its holdings in HD Supply by 61.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,496 shares of the industrial products company’s stock valued at $133,000 after purchasing an additional 1,331 shares during the period. Cubist Systematic Strategies LLC grew its holdings in HD Supply by 2.2% in the second quarter. Cubist Systematic Strategies LLC now owns 63,314 shares of the industrial products company’s stock valued at $2,716,000 after purchasing an additional 1,336 shares during the period. Aviance Capital Management LLC grew its holdings in HD Supply by 53.4% in the second quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 1,401 shares during the period. Raymond James & Associates grew its holdings in HD Supply by 7.3% in the second quarter. Raymond James & Associates now owns 21,618 shares of the industrial products company’s stock valued at $927,000 after purchasing an additional 1,463 shares during the period. Finally, Kornitzer Capital Management Inc. KS grew its holdings in HD Supply by 2.9% in the second quarter. Kornitzer Capital Management Inc. KS now owns 63,011 shares of the industrial products company’s stock valued at $2,703,000 after purchasing an additional 1,771 shares during the period. Hedge funds and other institutional investors own 94.89% of the company’s stock.
NASDAQ:HDS opened at $43.54 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30. HD Supply has a twelve month low of $32.23 and a twelve month high of $46.29. The stock has a market cap of $8.06 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 0.84 and a beta of 1.25.
About HD Supply
HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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