HD Supply (NASDAQ:HDS) Issues Q3 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.96-1.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.05. The company issued revenue guidance of $1.62-1.67 billion, compared to the consensus revenue estimate of $1.69 billion.HD Supply also updated its FY 2019 guidance to $3.45-3.60 EPS.

NASDAQ HDS opened at $40.82 on Tuesday. The firm’s fifty day moving average price is $38.94 and its two-hundred day moving average price is $41.61. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13. The firm has a market capitalization of $6.88 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a current ratio of 2.06, a quick ratio of 1.07 and a debt-to-equity ratio of 1.77.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that HD Supply will post 3.58 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Buckingham Research decreased their target price on shares of HD Supply from $50.00 to $46.00 and set a buy rating on the stock in a research note on Tuesday, June 18th. Bank of America set a $51.00 price target on HD Supply and gave the company a buy rating in a research note on Friday. ValuEngine raised HD Supply from a sell rating to a hold rating in a report on Wednesday, September 4th. Wells Fargo & Co reduced their price objective on HD Supply from $55.00 to $50.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Finally, BidaskClub raised HD Supply from a sell rating to a hold rating in a report on Monday, July 29th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $47.40.

In related news, insider Jana Partners Llc sold 733,657 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total value of $29,903,859.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.89% of the company’s stock.

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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