HD Supply (NASDAQ:HDS) Updates FY20 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus earnings per share 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 FY 2019 guidance to $3.45-3.60 EPS.

HDS opened at $40.82 on Tuesday. The company’s 50 day moving average is $38.94 and its 200 day moving average is $41.61. The company has a current ratio of 2.06, a quick ratio of 1.07 and a debt-to-equity ratio of 1.77. The company has a market cap 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 12-month low of $35.35 and a 12-month high of $47.13.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.08. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The business had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. As a group, analysts predict that HD Supply will post 3.58 EPS for the current fiscal year.

Several equities research analysts have recently commented on HDS shares. ValuEngine upgraded HD Supply from a sell rating to a hold rating in a research note on Wednesday, September 4th. BidaskClub upgraded HD Supply from a sell rating to a hold rating in a research report on Monday, July 29th. Buckingham Research decreased their price objective on 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 objective on HD Supply and gave the company a buy rating in a research report on Friday. Finally, Zacks Investment Research downgraded HD Supply from a buy rating to a hold rating in a research note on Tuesday, May 28th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. HD Supply presently has a consensus rating of Buy and a consensus target price of $47.40.

In related news, insider Jana Partners Llc sold 733,657 shares of the stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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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