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

HD Supply (NASDAQ:HDS) updated its FY 2019
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.45-3.51 for the period, compared to the Thomson Reuters consensus 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 brokerages have recently weighed in on HDS. Robert W. Baird lowered HD Supply from an outperform rating to a neutral rating and decreased their price objective for the stock from $50.00 to $40.00 in a report on Wednesday, September 11th. Bank of America set a $51.00 target price on HD Supply and gave the stock a buy rating in a research report on Friday, September 6th. Barclays downgraded HD Supply from an overweight rating to an equal weight rating and cut their target price for the stock from $44.00 to $42.00 in a research report on Thursday, September 26th. BidaskClub downgraded HD Supply from a sell rating to a strong sell rating in a research report on Saturday, November 23rd. Finally, William Blair downgraded HD Supply from an outperform rating to a market perform rating in a research report on Wednesday, September 25th. One equities research 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 an average rating of Hold and an average target price of $45.90.

Shares of HD Supply stock traded down $0.95 during midday trading on Tuesday, hitting $39.05. 132,520 shares of the company were exchanged, 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. The firm has a market cap of $6.62 billion, a P/E ratio of 11.49, a PEG ratio of 0.58 and a beta of 1.10. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The firm has a 50 day simple moving average of $40.16 and a 200-day simple moving average of $39.72.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a return on equity of 44.51% and a net margin of 6.74%. HD Supply’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. Equities research analysts expect that HD Supply will post 3.5 earnings per share for the current year.

In other HD Supply news, Director Lauren Taylor Wolfe acquired 600,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $38.55 per share, for a total transaction of $23,130,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.89% of the stock is owned by company insiders.

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

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