HD Supply (NASDAQ:HDS) Issues FY 2019 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.58. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.26 billion.HD Supply also updated its Q3 2019 guidance to $0.96-1.05 EPS.

HDS has been the subject of a number of research reports. Northcoast Research restated a buy rating on shares of HD Supply in a research note on Wednesday, June 12th. ValuEngine upgraded shares of HD Supply from a sell rating to a hold rating in a research report on Wednesday, September 4th. Wells Fargo & Co reduced their price target on shares of HD Supply from $55.00 to $50.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Zacks Investment Research lowered shares of HD Supply from a buy rating to a hold rating in a report on Tuesday, May 28th. Finally, Longbow Research upgraded shares of HD Supply from a neutral rating to a buy rating and set a $53.00 price objective for the company in a research report on Monday, June 3rd. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $47.40.

Shares of HDS opened at $40.82 on Tuesday. The business’s fifty day moving average price is $38.94 and its two-hundred day moving average price is $41.61. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 0.68 and a beta of 1.11. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06.

HD Supply (NASDAQ:HDS) last released 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 43.10% and a net margin of 6.70%. The company had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, research analysts forecast that HD Supply will post 3.58 EPS for the current year.

In other HD Supply news, insider Jana Partners Llc sold 733,657 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.89% of the stock is owned by company insiders.

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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