HD Supply (HDS) Updates Q3 Earnings Guidance

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HD Supply (NASDAQ:HDS) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.95-1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97. The company issued revenue guidance of $1.56-1.61 billion, compared to the consensus revenue estimate of $1.57 billion.HD Supply also updated its FY19 guidance to $3.22-3.35 EPS.

HDS opened at $43.62 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.16 and a current ratio of 2.15. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 0.86 and a beta of 1.25. HD Supply has a twelve month low of $32.23 and a twelve month high of $46.29.

HD Supply (NASDAQ:HDS) last released its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.58 billion. HD Supply had a net margin of 11.96% and a return on equity of 37.21%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. research analysts anticipate that HD Supply will post 3.28 earnings per share for the current fiscal year.

HDS has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of HD Supply from a buy rating to a hold rating in a research note on Wednesday, May 23rd. Wells Fargo & Co set a $50.00 target price on shares of HD Supply and gave the company a buy rating in a research note on Wednesday, June 6th. Robert W. Baird upped their price target on shares of HD Supply from $45.00 to $47.00 and gave the company a neutral rating in a research note on Wednesday, June 6th. BidaskClub upgraded shares of HD Supply from a hold rating to a buy rating in a research note on Thursday, June 7th. Finally, ValuEngine upgraded shares of HD Supply from a hold rating to a buy rating in a research note on Thursday, June 7th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $45.36.

In other news, Director Jana Partners Llc sold 636,023 shares of the stock in a transaction on Monday, June 25th. The shares were sold at an average price of $43.93, for a total value of $27,940,490.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John Stegeman sold 57,200 shares of the stock in a transaction on Thursday, July 19th. The stock was sold at an average price of $45.00, for a total transaction of $2,574,000.00. Following the completion of the transaction, the insider now directly owns 95,652 shares in the company, valued at approximately $4,304,340. The disclosure for this sale can be found here. Insiders sold a total of 2,196,325 shares of company stock worth $95,704,024 over the last quarter. Corporate 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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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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