HD Supply (NASDAQ:HDS) Issues FY 2019 Pre-Market Earnings Guidance

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HD Supply (NASDAQ:HDS) updated its FY 2019
Pre-Market earnings guidance on Tuesday. The company provided EPS guidance of $3.45-3.51 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.50. The company issued revenue guidance of $$6.116-6.166 billion, compared to the consensus revenue estimate of $$6.15 billion.HD Supply also updated its Q4 guidance to $0.52-0.58 EPS.

Several research analysts have recently weighed in on the company. Royal Bank of Canada decreased their price target on HD Supply to $38.00 and set a sector perform rating for the company in a research note on Wednesday, September 11th. 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 research note on Thursday, October 10th. SunTrust Banks boosted their price target on HD Supply to $50.00 and gave the stock a buy rating in a research note on Wednesday, September 25th. Robert W. Baird cut HD Supply from an outperform rating to a neutral rating and decreased their price target for the stock from $50.00 to $40.00 in a research note on Wednesday, September 11th. Finally, BidaskClub cut HD Supply from a sell rating to a strong sell rating in a research note on Saturday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $45.90.

Shares of HDS traded down $0.92 during trading hours on Tuesday, hitting $39.08. The stock had a trading volume of 2,037,290 shares, compared to its average volume of 1,001,513. The company has a debt-to-equity ratio of 1.66, a current ratio of 2.05 and a quick ratio of 1.10. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The firm has a market capitalization of $6.62 billion, a PE ratio of 11.49, a PEG ratio of 0.58 and a beta of 1.10. The stock has a fifty day moving average price of $40.16 and a 200 day moving average price of $39.72.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the company posted $0.99 earnings per share. HD Supply’s revenue was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that HD Supply will post 3.5 EPS for the current fiscal year.

In other news, Director Lauren Taylor Wolfe acquired 600,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $38.55 per share, with a total value of $23,130,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

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.

Read More: Do stock splits help investors?

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

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