Zacks: Analysts Anticipate HD Supply Holdings Inc (HDS) to Announce $0.96 Earnings Per Share

Wall Street analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will post earnings per share of $0.96 for the current quarter, Zacks reports. Six analysts have made estimates for HD Supply’s earnings. The highest EPS estimate is $1.00 and the lowest is $0.82. HD Supply reported earnings per share of $0.80 in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The company is expected to issue its next earnings report on Tuesday, December 4th.

According to Zacks, analysts expect that HD Supply will report full year earnings of $3.31 per share for the current financial year, with EPS estimates ranging from $3.25 to $3.39. For the next financial year, analysts forecast that the firm will post earnings of $3.28 per share, with EPS estimates ranging from $3.20 to $3.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for HD Supply.

HD Supply (NASDAQ:HDS) last released its earnings results on Wednesday, September 5th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.96 by $0.03. HD Supply had a net margin of 11.96% and a return on equity of 36.44%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $0.64 earnings per share. The business’s quarterly revenue was up 18.3% on a year-over-year basis.

Several research firms recently commented on HDS. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Friday, August 31st. BidaskClub upgraded shares of HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, August 21st. Northcoast Research upgraded shares of HD Supply from a “neutral” rating to a “buy” rating in a report on Thursday, August 30th. Raymond James boosted their price target on shares of HD Supply from $47.00 to $48.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, SunTrust Banks boosted their price target on shares of HD Supply from $50.00 to $52.00 in a report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $47.67.

HDS stock opened at $38.29 on Friday. HD Supply has a 12 month low of $34.02 and a 12 month high of $46.29. The company has a market cap of $7.12 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 1.30.

In other news, Director Jana Partners Llc sold 621,235 shares of the business’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $42.37, for a total transaction of $26,321,726.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.72% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in HDS. Russell Investments Group Ltd. increased its stake in HD Supply by 183.8% in the 1st quarter. Russell Investments Group Ltd. now owns 20,290 shares of the industrial products company’s stock valued at $769,000 after buying an additional 13,140 shares during the period. Guggenheim Capital LLC increased its stake in HD Supply by 220.3% in the 1st quarter. Guggenheim Capital LLC now owns 17,314 shares of the industrial products company’s stock valued at $657,000 after buying an additional 11,908 shares during the period. IFM Investors Pty Ltd acquired a new position in HD Supply in the 2nd quarter valued at approximately $211,000. State of Alaska Department of Revenue increased its stake in HD Supply by 17.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,150 shares of the industrial products company’s stock valued at $864,000 after buying an additional 2,950 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in HD Supply by 9.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,557 shares of the industrial products company’s stock valued at $2,940,000 after buying an additional 5,825 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

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, 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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