Somewhat Favorable News Coverage Somewhat Unlikely to Impact HD Supply (HDS) Stock Price

Headlines about HD Supply (NASDAQ:HDS) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HD Supply earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 43.7876482379635 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

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A number of research analysts have issued reports on HDS shares. Royal Bank of Canada cut HD Supply from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 3rd. BidaskClub raised HD Supply from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. SunTrust Banks raised HD Supply from a “hold” rating to a “buy” rating and lifted their price objective for the company from $38.01 to $48.00 in a report on Thursday, March 15th. ValuEngine cut HD Supply from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, TheStreet cut HD Supply from a “b” rating to a “c+” rating in a report on Wednesday, March 21st. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. HD Supply presently has an average rating of “Hold” and a consensus price target of $40.31.

HD Supply stock opened at $39.25 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93. HD Supply has a 12-month low of $28.97 and a 12-month high of $42.25. The stock has a market capitalization of $7,237.85, a P/E ratio of 16.99, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25.

HD Supply (NASDAQ:HDS) last released its quarterly earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 37.90% and a net margin of 16.79%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the business posted $0.44 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. sell-side analysts predict that HD Supply will post 3.17 EPS for the current fiscal year.

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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, 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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