HD Supply Holdings Inc (HDS) Expected to Announce Earnings of $0.96 Per Share

Equities analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will post earnings per share of $0.96 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for HD Supply’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $1.00. HD Supply reported earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, December 4th.

According to Zacks, analysts expect that HD Supply will report full-year earnings of $3.31 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.39. For the next fiscal year, analysts forecast that the business will post earnings of $3.28 per share, with EPS estimates ranging from $3.20 to $3.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow HD Supply.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. ValuEngine cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Northcoast Research raised shares of HD Supply from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th. Finally, SunTrust Banks upped their price objective on shares of HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. HD Supply currently has a consensus rating of “Buy” and an average price target of $48.00.

In other news, Director Jana Partners Llc sold 621,235 shares of the company’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $42.37, for a total value of $26,321,726.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC raised its holdings in HD Supply by 2.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 63,314 shares of the industrial products company’s stock valued at $2,716,000 after buying an additional 1,336 shares during the last quarter. Aviance Capital Management LLC raised its holdings in HD Supply by 53.4% during the 2nd quarter. Aviance Capital Management LLC now owns 4,026 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,401 shares during the last quarter. Raymond James & Associates raised its holdings in HD Supply by 7.3% during the 2nd quarter. Raymond James & Associates now owns 21,618 shares of the industrial products company’s stock valued at $927,000 after buying an additional 1,463 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in HD Supply by 2.9% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 63,011 shares of the industrial products company’s stock valued at $2,703,000 after buying an additional 1,771 shares during the last quarter. Finally, First Republic Investment Management Inc. raised its holdings in HD Supply by 1.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 189,410 shares of the industrial products company’s stock valued at $8,123,000 after buying an additional 1,805 shares during the last quarter. Institutional investors own 94.79% of the company’s stock.

HDS stock opened at $38.44 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.27 and a quick ratio of 1.31. HD Supply has a one year low of $34.02 and a one year high of $46.29. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.85 and a beta of 1.29.

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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