HD Supply (HDS) Issues FY19 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.99-3.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.95. The company issued revenue guidance of $5.76-5.91 billion, compared to the consensus revenue estimate of $5.49 billion.HD Supply also updated its Q1 guidance to $0.60-0.66 EPS.

Shares of HDS stock opened at $38.05 on Friday. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. HD Supply has a 1-year low of $28.97 and a 1-year high of $42.25. The firm has a market cap of $7,113.54, a price-to-earnings ratio of 16.47, a P/E/G ratio of 0.78 and a beta of 1.25.

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HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.05. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. HD Supply’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. equities analysts forecast that HD Supply will post 3.14 earnings per share for the current fiscal year.

A number of research firms have commented on HDS. Royal Bank of Canada downgraded shares of HD Supply from an outperform rating to a sector perform rating in a research report on Wednesday, January 3rd. BidaskClub raised shares of HD Supply from a hold rating to a buy rating in a research note on Tuesday, December 26th. Zacks Investment Research cut shares of HD Supply from a buy rating to a hold rating in a research note on Friday, December 8th. Goldman Sachs reaffirmed a neutral rating on shares of HD Supply in a research note on Monday, March 19th. Finally, Deutsche Bank set a $45.00 target price on shares of HD Supply and gave the stock a buy rating in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. HD Supply currently has an average rating of Hold and a consensus price target of $40.57.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

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

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