HD Supply (NASDAQ:HDS) Updates Q3 2019 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its third quarter 2019 earnings guidance on Tuesday. 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.

HDS stock opened at $39.35 on Thursday. The stock has a market capitalization of $6.97 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company’s 50-day moving average is $38.92 and its 200-day moving average is $41.56. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.06 and a quick ratio of 1.07. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned $0.99 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts anticipate that HD Supply will post 3.56 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of HD Supply from a sell rating to a hold rating in a research note on Monday, July 29th. Bank of America set a $51.00 price target on shares of HD Supply and gave the company a buy rating in a report on Friday, September 6th. Wells Fargo & Co reaffirmed an outperform rating and set a $45.00 price objective (down from $50.00) on shares of HD Supply in a report on Wednesday. Longbow Research raised shares of HD Supply from a neutral rating to a buy rating and set a $53.00 price objective for the company in a report on Monday, June 3rd. Finally, ValuEngine raised shares of HD Supply from a sell rating to a hold rating in a research note on Wednesday, September 4th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. HD Supply presently has a consensus rating of Buy and an average target price of $45.90.

In other news, insider Jana Partners Llc sold 733,657 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total value of $29,903,859.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.89% of the stock is owned by company insiders.

About HD Supply

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.

Further Reading: CBOE Russell 2000® Volatility Index

Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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