$0.80 EPS Expected for HD Supply Holdings Inc (HDS) This Quarter

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Brokerages expect that HD Supply Holdings Inc (NASDAQ:HDS) will post $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Six analysts have made estimates for HD Supply’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.83. HD Supply reported earnings of $0.70 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 14.3%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, June 4th.

According to Zacks, analysts expect that HD Supply will report full year earnings of $3.69 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.79. For the next fiscal year, analysts forecast that the business will post earnings of $3.41 per share, with EPS estimates ranging from $3.30 to $3.55. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for HD Supply.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. HD Supply had a return on equity of 41.40% and a net margin of 6.52%. HD Supply’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 EPS.

HDS has been the topic of a number of analyst reports. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research report on Thursday, January 31st. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Robert W. Baird raised HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price target on the stock in a research report on Friday, January 25th. Finally, Royal Bank of Canada increased their price target on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. HD Supply currently has an average rating of “Buy” and an average price target of $46.50.

In other news, CFO Evan Levitt sold 1,500 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $44.70, for a total transaction of $67,050.00. Following the sale, the chief financial officer now owns 35,961 shares of the company’s stock, valued at approximately $1,607,456.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Investors Research Corp purchased a new position in HD Supply during the 1st quarter worth approximately $30,000. Ledyard National Bank purchased a new stake in shares of HD Supply in the fourth quarter valued at approximately $28,000. Penserra Capital Management LLC boosted its stake in shares of HD Supply by 58.4% in the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of HD Supply by 46.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after buying an additional 309 shares in the last quarter. Finally, Taylor Hoffman Wealth Management purchased a new stake in shares of HD Supply in the fourth quarter valued at approximately $37,000. 97.41% of the stock is currently owned by institutional investors and hedge funds.

HDS stock traded up $0.22 during mid-day trading on Friday, reaching $43.51. The company had a trading volume of 8,447 shares, compared to its average volume of 1,182,948. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.10. The firm has a market capitalization of $7.33 billion, a P/E ratio of 12.70, a P/E/G ratio of 0.77 and a beta of 1.25. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13.

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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