HD Supply (NASDAQ:HDS) Releases FY20 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its FY20 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 $3.69. The company issued revenue guidance of $6.25-6.35 billion, compared to the consensus revenue estimate of $6.38 billion.HD Supply also updated its FY 2019 guidance to $3.52-3.70 EPS.

Several brokerages recently issued reports on HDS. Zacks Investment Research cut HD Supply from a buy rating to a hold rating in a research note on Tuesday, May 28th. BidaskClub upgraded HD Supply from a hold rating to a buy rating in a research note on Tuesday, May 7th. Royal Bank of Canada boosted their price target on HD Supply from $43.00 to $44.00 and gave the company a sector perform rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Longbow Research upgraded HD Supply from a neutral rating to a buy rating and set a $53.00 price target for the company in a research note on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $47.30.

NASDAQ HDS opened at $42.53 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.10. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The firm has a market cap of $7.19 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 0.76 and a beta of 1.26.

HD Supply (NASDAQ:HDS) last released its earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 22.2% on a year-over-year basis. As a group, analysts predict that HD Supply will post 3.69 EPS for the current fiscal year.

In other news, CFO Evan Levitt sold 1,500 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the transaction, the chief financial officer now directly 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 this link. 0.89% of the stock is currently owned by corporate insiders.

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

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