Equities analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will report sales of $1.38 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for HD Supply’s earnings. The lowest sales estimate is $1.37 billion and the highest is $1.38 billion. HD Supply reported sales of $1.45 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 4.8%. The company is scheduled to report its next earnings report on Monday, March 16th.
According to Zacks, analysts expect that HD Supply will report full year sales of $6.14 billion for the current fiscal year, with estimates ranging from $6.13 billion to $6.16 billion. For the next fiscal year, analysts forecast that the company will report sales of $6.32 billion, with estimates ranging from $6.30 billion to $6.34 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for HD Supply.
HD Supply (NASDAQ:HDS) last posted its quarterly earnings data on Tuesday, December 10th. The industrial products company reported $1.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.64 billion. HD Supply had a return on equity of 45.42% and a net margin of 7.51%. HD Supply’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share.
A number of brokerages have weighed in on HDS. JPMorgan Chase & Co. decreased their price target on HD Supply from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Royal Bank of Canada decreased their price target on HD Supply from $45.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, December 11th. Bank of America downgraded HD Supply from a “buy” rating to a “neutral” rating and set a $43.00 price target for the company. in a report on Tuesday, December 17th. BidaskClub downgraded HD Supply from a “sell” rating to a “strong sell” rating in a report on Thursday. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of HD Supply in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $44.80.
HD Supply stock traded down $0.25 during trading hours on Monday, reaching $40.11. 880,349 shares of the company’s stock were exchanged, compared to its average volume of 994,736. The company has a quick ratio of 1.10, a current ratio of 1.98 and a debt-to-equity ratio of 1.85. The firm’s 50 day simple moving average is $40.15 and its 200 day simple moving average is $39.59. HD Supply has a twelve month low of $36.99 and a twelve month high of $47.13. The firm has a market capitalization of $6.50 billion, a PE ratio of 14.64, a PEG ratio of 0.58 and a beta of 1.09.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of HD Supply by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock worth $402,369,000 after purchasing an additional 707,576 shares in the last quarter. Boston Partners boosted its position in shares of HD Supply by 3.7% during the 3rd quarter. Boston Partners now owns 4,257,340 shares of the industrial products company’s stock worth $166,797,000 after purchasing an additional 152,696 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of HD Supply by 4.8% during the 3rd quarter. Congress Asset Management Co. MA now owns 1,925,156 shares of the industrial products company’s stock worth $75,418,000 after purchasing an additional 87,579 shares in the last quarter. Bank of America Corp DE boosted its position in shares of HD Supply by 6.9% during the 2nd quarter. Bank of America Corp DE now owns 1,465,489 shares of the industrial products company’s stock worth $59,030,000 after purchasing an additional 94,885 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of HD Supply by 102.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,371,807 shares of the industrial products company’s stock worth $55,256,000 after purchasing an additional 692,658 shares in the last quarter. 97.69% of the stock is currently owned by institutional investors.
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 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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