HD Supply Holdings Inc (NASDAQ:HDS) Expected to Announce Earnings of $0.71 Per Share

Equities research analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will report earnings per share of $0.71 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for HD Supply’s earnings, with estimates ranging from $0.58 to $0.79. HD Supply posted earnings per share of $1.08 during the same quarter last year, which would suggest a negative year over year growth rate of 34.3%. The business is scheduled to announce its next quarterly earnings report on Tuesday, September 8th.

On average, analysts expect that HD Supply will report full year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.78. For the next year, analysts forecast that the business will post earnings of $2.86 per share, with EPS estimates ranging from $2.16 to $3.37. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover HD Supply.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, June 9th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.15. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.36 billion. HD Supply had a net margin of 6.89% and a return on equity of 40.62%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS.

A number of brokerages have recently weighed in on HDS. Bank of America downgraded shares of HD Supply from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 26th. Raymond James decreased their target price on HD Supply from $45.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, March 16th. William Blair reissued a “hold” rating on shares of HD Supply in a report on Monday. JPMorgan Chase & Co. boosted their price objective on HD Supply from $30.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, June 23rd. Finally, Royal Bank of Canada increased their target price on HD Supply from $31.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.90.

In other news, Director Jana Partners Llc sold 163,029 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $35.72, for a total value of $5,823,395.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.75% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in HDS. FIL Ltd purchased a new position in HD Supply during the 4th quarter worth approximately $30,000. WASHINGTON TRUST Co acquired a new stake in shares of HD Supply in the first quarter worth $34,000. FDx Advisors Inc. purchased a new position in shares of HD Supply during the first quarter valued at $50,000. Squar Milner Financial Services LLC raised its position in HD Supply by 25.1% during the first quarter. Squar Milner Financial Services LLC now owns 2,763 shares of the industrial products company’s stock valued at $78,000 after buying an additional 554 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in HD Supply by 27.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,341 shares of the industrial products company’s stock worth $94,000 after acquiring an additional 511 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.

Shares of HDS traded up $0.25 during midday trading on Friday, hitting $33.97. The company had a trading volume of 566,630 shares, compared to its average volume of 1,506,550. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 3.54 and a beta of 1.19. The company’s 50 day moving average price is $33.00 and its 200 day moving average price is $34.80. The company has a quick ratio of 1.11, a current ratio of 2.11 and a debt-to-equity ratio of 1.70. HD Supply has a 52 week low of $21.69 and a 52 week high of $43.25.

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

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