SunTrust Banks Equities Analysts Raise Earnings Estimates for HD Supply Holdings Inc (NASDAQ:HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – SunTrust Banks upped their Q4 2020 earnings estimates for HD Supply in a research report issued to clients and investors on Tuesday, June 11th. SunTrust Banks analyst K. Hughes now expects that the industrial products company will post earnings of $0.61 per share for the quarter, up from their prior estimate of $0.58. SunTrust Banks also issued estimates for HD Supply’s Q1 2021 earnings at $0.73 EPS, Q2 2021 earnings at $0.95 EPS, Q3 2021 earnings at $1.02 EPS, Q4 2021 earnings at $0.67 EPS and FY2021 earnings at $3.37 EPS.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Co reissued an “outperform” rating and set a $50.00 price objective (down from $55.00) on shares of HD Supply in a report on Wednesday. Northcoast Research reissued a “buy” rating on shares of HD Supply in a report on Wednesday. Longbow Research raised shares of HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, June 3rd. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. Finally, Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, May 22nd. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $47.54.

HDS opened at $39.40 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.13 and a quick ratio of 1.10. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company has a market cap of $6.84 billion, a PE ratio of 11.59, a P/E/G ratio of 0.73 and a beta of 1.27.

HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. HD Supply had a net margin of 6.70% and a return on equity of 42.24%. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its position in shares of HD Supply by 3.2% in the first quarter. Moneta Group Investment Advisors LLC now owns 7,566 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 237 shares during the period. Kornitzer Capital Management Inc. KS boosted its position in shares of HD Supply by 0.4% during the first quarter. Kornitzer Capital Management Inc. KS now owns 64,103 shares of the industrial products company’s stock worth $2,779,000 after acquiring an additional 252 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of HD Supply by 23.4% during the fourth quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 285 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of HD Supply by 58.4% during the fourth quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 348 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of HD Supply by 36.7% during the first quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.

In other HD Supply news, CFO Evan Levitt sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $44.70, for a total transaction of $67,050.00. Following the completion of the sale, the chief financial officer now directly owns 35,961 shares of the company’s stock, valued at $1,607,456.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by corporate insiders.

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 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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