Analysts Offer Predictions for HD Supply Holdings Inc’s Q2 2020 Earnings (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Research analysts at Northcoast Research issued their Q2 2020 earnings estimates for shares of HD Supply in a research report issued on Wednesday, June 12th. Northcoast Research analyst T. Hayes anticipates that the industrial products company will earn $1.11 per share for the quarter. Northcoast Research has a “Buy” rating on the stock. Northcoast Research also issued estimates for HD Supply’s Q3 2020 earnings at $1.03 EPS and Q4 2020 earnings at $0.59 EPS.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. HD Supply had a return on equity of 42.24% and a net margin of 6.70%. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $0.70 EPS. The company’s revenue was up 7.5% compared to the same quarter last year.

A number of other brokerages also recently weighed in on HDS. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, May 22nd. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Monday, June 3rd. Royal Bank of Canada boosted their target price on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $50.00 target price (down previously from $55.00) on shares of HD Supply in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.54.

Shares of NASDAQ HDS opened at $39.40 on Thursday. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company has a market capitalization of $6.84 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 0.73 and a beta of 1.27. The company has a current ratio of 2.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66.

A number of hedge funds have recently modified their holdings of HDS. Cerebellum GP LLC boosted its position in HD Supply by 11.7% during the first quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock valued at $338,000 after buying an additional 816 shares during the period. Nordea Investment Management AB boosted its position in HD Supply by 59.8% during the first quarter. Nordea Investment Management AB now owns 558,684 shares of the industrial products company’s stock valued at $24,221,000 after buying an additional 209,160 shares during the period. FMR LLC boosted its position in HD Supply by 8.1% during the first quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock valued at $976,501,000 after buying an additional 1,679,487 shares during the period. Moneta Group Investment Advisors LLC boosted its position in HD Supply by 3.2% during the first quarter. Moneta Group Investment Advisors LLC now owns 7,566 shares of the industrial products company’s stock valued at $328,000 after buying an additional 237 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in HD Supply by 20.1% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,001 shares of the industrial products company’s stock valued at $130,000 after buying an additional 502 shares during the period. 95.12% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Evan Levitt sold 44,167 shares of HD Supply stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $43.16, for a total value of $1,906,247.72. Following the sale, the chief financial officer now owns 47,628 shares of the company’s stock, valued at approximately $2,055,624.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.89% of the company’s stock.

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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