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

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Equities research analysts expect HD Supply Holdings Inc (NASDAQ:HDS) to post $0.96 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for HD Supply’s earnings, with the highest EPS estimate coming in at $1.00 and the lowest estimate coming in at $0.82. HD Supply posted earnings of $0.80 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The business is scheduled to report its next earnings report on Tuesday, December 4th.

On average, analysts expect that HD Supply will report full-year earnings of $3.31 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.39. For the next year, analysts expect that the company will post earnings of $3.28 per share, with EPS estimates ranging from $3.20 to $3.40. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover HD Supply.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.03. The company 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 36.44%. HD Supply’s revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 EPS.

A number of research firms recently commented on HDS. Wolfe Research began coverage on shares of HD Supply in a report on Wednesday, June 27th. They issued an “outperform” rating on the stock. Bank of America boosted their target price on shares of HD Supply from $46.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, June 26th. Gordon Haskett started coverage on shares of HD Supply in a report on Friday, October 12th. They set a “hold” rating on the stock. BidaskClub cut shares of HD Supply from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group started coverage on shares of HD Supply in a report on Friday, October 12th. They set a “buy” rating and a $48.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $48.00.

Shares of NASDAQ:HDS traded down $0.32 during mid-day trading on Tuesday, reaching $38.12. The company had a trading volume of 1,287,206 shares, compared to its average volume of 2,039,299. The company has a current ratio of 2.27, a quick ratio of 1.31 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $7.01 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.83 and a beta of 1.29. HD Supply has a one year low of $34.02 and a one year high of $46.29.

In other HD Supply news, Director Jana Partners Llc sold 861,499 shares of the business’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $43.39, for a total transaction of $37,380,441.61. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.72% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Chicago Equity Partners LLC increased its holdings in shares of HD Supply by 33.7% in the second quarter. Chicago Equity Partners LLC now owns 101,935 shares of the industrial products company’s stock worth $4,372,000 after purchasing an additional 25,715 shares during the period. Bank of America Corp DE increased its holdings in shares of HD Supply by 67.0% in the second quarter. Bank of America Corp DE now owns 980,828 shares of the industrial products company’s stock worth $42,068,000 after purchasing an additional 393,333 shares during the period. Intrinsic Edge Capital Management LLC bought a new position in shares of HD Supply in the second quarter worth $10,268,000. Paloma Partners Management Co increased its holdings in shares of HD Supply by 299.0% in the second quarter. Paloma Partners Management Co now owns 55,500 shares of the industrial products company’s stock worth $2,380,000 after purchasing an additional 41,590 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of HD Supply by 1,239.1% in the second quarter. Russell Investments Group Ltd. now owns 271,704 shares of the industrial products company’s stock worth $11,697,000 after purchasing an additional 251,414 shares during the period. 94.79% of the stock is currently owned by institutional investors and hedge funds.

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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