Wall Street brokerages expect HD Supply Holdings Inc (NASDAQ:HDS) to report earnings per share of $0.96 for the current quarter, according to Zacks. Six analysts have made estimates for HD Supply’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.82. HD Supply posted earnings of $0.80 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is expected to announce its next earnings report before the market opens on Tuesday, December 4th.
On average, analysts expect that HD Supply will report full year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.39. For the next year, analysts expect that the firm will report earnings of $3.28 per share, with EPS estimates ranging from $3.20 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow HD Supply.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $0.64 EPS. HD Supply’s quarterly revenue was up 18.3% compared to the same quarter last year.
HDS has been the subject of several analyst reports. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Thursday, November 8th. SunTrust Banks lifted their price objective on shares of HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. Raymond James lifted their price objective on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. BidaskClub raised shares of HD Supply from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Jefferies Financial Group initiated coverage on shares of HD Supply in a research note on Friday, October 12th. They issued a “buy” rating and a $48.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $47.67.
In other HD Supply news, Director Jana Partners Llc sold 861,499 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its position in HD Supply by 2.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,314 shares of the industrial products company’s stock worth $2,716,000 after acquiring an additional 1,336 shares during the last quarter. Aviance Capital Management LLC increased its holdings in shares of HD Supply by 53.4% during the 2nd quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock worth $173,000 after purchasing an additional 1,401 shares during the period. Raymond James & Associates increased its holdings in shares of HD Supply by 7.3% during the 2nd quarter. Raymond James & Associates now owns 21,618 shares of the industrial products company’s stock worth $927,000 after purchasing an additional 1,463 shares during the period. Standard Life Aberdeen plc increased its holdings in shares of HD Supply by 4.7% during the 3rd quarter. Standard Life Aberdeen plc now owns 32,904 shares of the industrial products company’s stock worth $1,408,000 after purchasing an additional 1,464 shares during the period. Finally, IFM Investors Pty Ltd increased its holdings in shares of HD Supply by 35.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 6,638 shares of the industrial products company’s stock worth $284,000 after purchasing an additional 1,724 shares during the period. 99.35% of the stock is owned by hedge funds and other institutional investors.
HDS stock opened at $39.90 on Monday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31. HD Supply has a 1 year low of $34.49 and a 1 year high of $46.29. The firm has a market capitalization of $7.33 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44.
HD Supply Company Profile
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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