HD Supply (NASDAQ:HDS) issued an update on its third quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.96-1.05 for the period, compared to the Thomson Reuters consensus earnings per share 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.
A number of brokerages have commented on HDS. BidaskClub upgraded shares of HD Supply from a sell rating to a hold rating in a report on Monday, July 29th. Zacks Investment Research lowered HD Supply from a buy rating to a hold rating in a research report on Tuesday, May 28th. Longbow Research raised HD Supply from a neutral rating to a buy rating and set a $53.00 target price on the stock in a research report on Monday, June 3rd. Buckingham Research cut their price target 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. Finally, Bank of America set a $51.00 price target on HD Supply and gave the company a buy rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. HD Supply presently has a consensus rating of Buy and an average target price of $47.40.
NASDAQ HDS opened at $40.82 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 1.77, a current ratio of 2.06 and a quick ratio of 1.07. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company’s fifty day moving average price is $38.94 and its two-hundred day moving average price is $41.61.
HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. As a group, analysts anticipate that HD Supply will post 3.58 EPS for the current year.
In related news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction dated 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 the SEC website. Company 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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