HD Supply (NASDAQ:HDS) Releases Q2 2019 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its second quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.04-1.12 for the period, compared to the Thomson Reuters consensus estimate of $1.19. The company issued revenue guidance of $1.62-1.67 billion, compared to the consensus revenue estimate of $1.7 billion.HD Supply also updated its FY 2019 guidance to $3.52-3.70 EPS.

Shares of HDS stock opened at $42.53 on Tuesday. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.10 and a current ratio of 2.13. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 0.76 and a beta of 1.26.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Monday, March 18th. The industrial products company reported $0.70 EPS for the quarter, beating 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, sell-side analysts anticipate that HD Supply will post 3.69 earnings per share for the current fiscal year.

Several equities analysts have commented on HDS shares. BidaskClub downgraded HD Supply from a buy rating to a hold rating in a report on Wednesday, February 27th. Zacks Investment Research downgraded HD Supply from a hold rating to a sell rating in a report on Wednesday, March 20th. Royal Bank of Canada increased their price target on 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. Finally, Longbow Research upgraded HD Supply from a neutral rating to a buy rating and set a $53.00 price target on the stock in a report on Monday, June 3rd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $47.30.

In other news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $44.70, for a total value of $67,050.00. Following 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 filing with the SEC, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.

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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 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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