HD Supply (HDS) Updates Q4 2018 Earnings Guidance

HD Supply (NASDAQ:HDS) updated its fourth quarter 2018 earnings guidance on Tuesday. The company provided EPS guidance of $0.63-0.68 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.64. The company issued revenue guidance of $1.375-1.425 billion, compared to the consensus revenue estimate of $1.4 billion.HD Supply also updated its FY 2018 guidance to $3.33-3.38 EPS.

Several brokerages have recently commented on HDS. Zacks Investment Research raised HD Supply from a hold rating to a buy rating and set a $44.00 price target on the stock in a research note on Thursday, November 8th. BidaskClub raised HD Supply from a sell rating to a hold rating in a research note on Friday, November 23rd. Raymond James upped their price target on HD Supply from $47.00 to $48.00 and gave the company a buy rating in a research note on Thursday, September 6th. Gordon Haskett began coverage on HD Supply in a research note on Friday, October 12th. They issued a hold rating on the stock. Finally, SunTrust Banks upped their price target on HD Supply from $50.00 to $52.00 in a research note on Thursday, September 6th. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $47.67.

HDS opened at $39.36 on Thursday. HD Supply has a 12-month low of $34.49 and a 12-month high of $46.29. 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 cap of $7.23 billion, a P/E ratio of 17.04, a PEG ratio of 0.85 and a beta of 1.45.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 4th. The industrial products company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.02. HD Supply had a return on equity of 38.58% and a net margin of 5.07%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $0.80 EPS. HD Supply’s revenue was up 17.7% on a year-over-year basis. Equities analysts forecast that HD Supply will post 3.33 earnings per share for the current year.

In related news, Director Jana Partners Llc sold 861,499 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.39, for a total transaction of $37,380,441.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

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

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