HD Supply (NASDAQ:HDS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.52-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.71. The company issued revenue guidance of $6.25-6.35 billion, compared to the consensus revenue estimate of $6.36 billion.HD Supply also updated its Q2 2019 guidance to $1.04-1.12 EPS.
Several research analysts have issued reports on the stock. Longbow Research raised shares of HD Supply from a neutral rating to a buy rating and set a $53.00 price objective on the stock in a research report on Monday, June 3rd. BidaskClub downgraded shares of HD Supply from a buy rating to a hold rating in a research report on Wednesday, May 15th. Zacks Investment Research raised shares of HD Supply from a hold rating to a buy rating and set a $49.00 price objective on the stock in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada lifted their target price on shares of HD Supply from $43.00 to $44.00 and gave the company a sector perform rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $47.30.
Shares of NASDAQ:HDS opened at $42.53 on Tuesday. The stock has a market capitalization of $7.19 billion, a PE ratio of 12.51, a PEG ratio of 0.76 and a beta of 1.26. The company has a current ratio of 2.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13.
HD Supply (NASDAQ:HDS) last issued its earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.03. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, equities analysts predict that HD Supply will post 3.69 earnings per share for the current fiscal year.
In related news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $44.70, for a total value of $67,050.00. Following the completion of the sale, the chief financial officer now owns 35,961 shares in the company, valued at $1,607,456.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.89% of the stock is owned by insiders.
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 supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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