HD Supply (NASDAQ:HDS) Issues Q3 2019 Earnings Guidance

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HD Supply (NASDAQ:HDS) updated its third quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $0.96-1.05 for the period, compared to the Thomson Reuters consensus estimate of $1.05. The company issued revenue guidance of $1.62-1.67 billion, compared to the consensus revenue estimate of $1.69 billion.HD Supply also updated its FY 2019 guidance to $3.45-3.60 EPS.

NASDAQ:HDS opened at $39.10 on Wednesday. The firm has a market cap of $6.97 billion, a P/E ratio of 11.50, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13. The firm has a 50-day simple moving average of $38.92 and a two-hundred day simple moving average of $41.58.

HD Supply (NASDAQ:HDS) last issued its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts predict that HD Supply will post 3.56 EPS for the current year.

Several research analysts recently weighed in on HDS shares. BidaskClub raised shares of HD Supply from a sell rating to a hold rating in a report on Monday, July 29th. Robert W. Baird downgraded HD Supply from an outperform rating to a neutral rating and lowered their price target for the stock from $50.00 to $40.00 in a research report on Wednesday. Zacks Investment Research lowered shares of HD Supply from a buy rating to a hold rating in a research note on Tuesday, May 28th. ValuEngine upgraded HD Supply from a sell rating to a hold rating in a research note on Wednesday, September 4th. Finally, Bank of America set a $51.00 price target on HD Supply and gave the company a buy rating in a report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. HD Supply has an average rating of Buy and an average price target of $46.90.

In other news, insider Jana Partners Llc sold 733,657 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.89% of the company’s stock.

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.

See Also: What is Considered a Good Return on Equity (ROE)?

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

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