HD Supply (NASDAQ:HDS) announced its earnings results on Wednesday. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03, Bloomberg Earnings reports. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 18.40% and a return on equity of 35.61%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. HD Supply updated its Q3 guidance to $0.95-1.00 EPS and its FY19 guidance to $3.22-3.35 EPS.
NASDAQ:HDS opened at $44.18 on Thursday. The company has a quick ratio of 1.16, a current ratio of 2.15 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $8.38 billion, a PE ratio of 19.13, a PEG ratio of 0.89 and a beta of 1.25. HD Supply has a 1-year low of $32.23 and a 1-year high of $46.29.
A number of equities analysts have issued reports on the stock. Robert W. Baird lifted their target price on shares of HD Supply from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research report on Thursday, June 7th. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, June 7th. Finally, TheStreet upgraded shares of HD Supply from a “c+” rating to a “b” rating in a research report on Thursday, June 7th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $44.70.
In other news, insider John Stegeman sold 57,200 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $45.00, for a total value of $2,574,000.00. Following the completion of the transaction, the insider now owns 95,652 shares of the company’s stock, valued at $4,304,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jana Partners Llc sold 1,503,102 shares of the business’s stock in a transaction that occurred on Wednesday, June 27th. The shares were sold at an average price of $43.37, for a total transaction of $65,189,533.74. The disclosure for this sale can be found here. In the last three months, insiders sold 2,196,325 shares of company stock valued at $95,704,024. Company insiders own 0.72% 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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.
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