Q1 2020 EPS Estimates for HD Supply Holdings Inc (HDS) Reduced by Analyst

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HD Supply Holdings Inc (NASDAQ:HDS) – SunTrust Banks cut their Q1 2020 earnings per share (EPS) estimates for HD Supply in a research note issued to investors on Wednesday, March 20th. SunTrust Banks analyst K. Hughes now expects that the industrial products company will earn $0.83 per share for the quarter, down from their prior estimate of $0.85.

A number of other research firms have also recently commented on HDS. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Royal Bank of Canada boosted their price objective on HD Supply from $43.00 to $44.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Robert W. Baird upgraded HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 price objective on the stock in a research note on Friday, January 25th. Finally, Raymond James lowered their price objective on HD Supply from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, December 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. HD Supply presently has an average rating of “Buy” and a consensus price target of $46.36.

HDS opened at $41.60 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.79 and a beta of 1.25. HD Supply has a 1 year low of $35.35 and a 1 year high of $46.29.

HD Supply (NASDAQ:HDS) last posted its quarterly earnings results on Monday, March 18th. The industrial products company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.49 EPS. HD Supply’s revenue was up 22.2% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors grew its holdings in HD Supply by 23.4% during the 4th quarter. Captrust Financial Advisors now owns 1,505 shares of the industrial products company’s stock valued at $56,000 after buying an additional 285 shares in the last quarter. Legacy Financial Advisors Inc. grew its holdings in HD Supply by 46.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 977 shares of the industrial products company’s stock valued at $37,000 after buying an additional 309 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in HD Supply by 1.5% during the 4th quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock valued at $774,000 after buying an additional 314 shares in the last quarter. Penserra Capital Management LLC grew its holdings in HD Supply by 58.4% during the 4th quarter. Penserra Capital Management LLC now owns 944 shares of the industrial products company’s stock valued at $35,000 after buying an additional 348 shares in the last quarter. Finally, Brown Advisory Inc. grew its holdings in HD Supply by 2.5% during the 4th quarter. Brown Advisory Inc. now owns 15,313 shares of the industrial products company’s stock valued at $575,000 after buying an additional 380 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

In other HD Supply news, Director Jana Partners Llc sold 588,300 shares of HD Supply stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $37.71, for a total transaction of $22,184,793.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 3,251,545 shares of company stock worth $123,065,335 over the last 90 days. 0.72% of the stock is currently owned by company 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, 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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