Wall Street brokerages expect that HD Supply (NASDAQ:HDS) will report $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for HD Supply’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.67. HD Supply also reported earnings per share of $0.63 in the same quarter last year. The business is scheduled to announce its next earnings results on Tuesday, June 5th.
On average, analysts expect that HD Supply will report full-year earnings of $3.16 per share for the current financial year, with EPS estimates ranging from $3.07 to $3.28. For the next financial year, analysts anticipate that the business will post earnings of $3.16 per share, with EPS estimates ranging from $3.00 to $3.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow HD Supply.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.05. The business had revenue of $1.18 billion during 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%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share.
A number of equities research analysts have weighed in on the stock. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a report on Wednesday, March 14th. Barclays assumed coverage on shares of HD Supply in a report on Thursday, February 15th. They issued an “overweight” rating and a $44.00 price target for the company. Deutsche Bank set a $45.00 price target on shares of HD Supply and gave the company a “buy” rating in a report on Friday. BidaskClub raised shares of HD Supply from a “strong sell” rating to a “sell” rating in a report on Friday, March 16th. Finally, Goldman Sachs reissued a “neutral” rating on shares of HD Supply in a report on Monday, March 19th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. HD Supply presently has a consensus rating of “Hold” and an average target price of $40.57.
A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP boosted its position in shares of HD Supply by 857.8% in the fourth quarter. Two Sigma Investments LP now owns 1,917,393 shares of the industrial products company’s stock valued at $76,753,000 after acquiring an additional 1,717,204 shares during the period. Gotham Asset Management LLC boosted its position in shares of HD Supply by 2,403.3% in the fourth quarter. Gotham Asset Management LLC now owns 615,853 shares of the industrial products company’s stock valued at $24,653,000 after acquiring an additional 591,251 shares during the period. Point72 Asset Management L.P. boosted its position in shares of HD Supply by 894.5% in the third quarter. Point72 Asset Management L.P. now owns 619,603 shares of the industrial products company’s stock valued at $22,349,000 after acquiring an additional 557,303 shares during the period. Two Sigma Advisers LP boosted its position in shares of HD Supply by 669.4% in the fourth quarter. Two Sigma Advisers LP now owns 599,677 shares of the industrial products company’s stock valued at $24,005,000 after acquiring an additional 521,738 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of HD Supply in the fourth quarter valued at approximately $14,603,000. 96.98% of the stock is owned by hedge funds and other institutional investors.
NASDAQ HDS traded up $0.33 on Monday, reaching $38.38. The company’s stock had a trading volume of 2,506,211 shares, compared to its average volume of 2,132,947. HD Supply has a twelve month low of $28.97 and a twelve month high of $42.25. The company has a current ratio of 3.02, a quick ratio of 1.93 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $7,059.74, a price-to-earnings ratio of 16.61, a PEG ratio of 0.77 and a beta of 1.24.
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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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