FY2020 EPS Estimates for HD Supply Holdings Inc (NASDAQ:HDS) Reduced by Analyst

HD Supply Holdings Inc (NASDAQ:HDS) – Analysts at SunTrust Banks lowered their FY2020 earnings per share estimates for shares of HD Supply in a note issued to investors on Wednesday, December 11th. SunTrust Banks analyst K. Hughes now forecasts that the industrial products company will post earnings of $3.46 per share for the year, down from their prior forecast of $3.47. SunTrust Banks has a “Buy” rating and a $50.00 price objective on the stock. SunTrust Banks also issued estimates for HD Supply’s Q4 2020 earnings at $0.53 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $0.92 EPS, Q3 2021 earnings at $0.91 EPS, Q4 2021 earnings at $0.56 EPS and FY2021 earnings at $3.10 EPS.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 10th. The industrial products company reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. HD Supply had a net margin of 7.51% and a return on equity of 45.42%. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. HD Supply’s quarterly revenue was up 2.0% on a year-over-year basis.

Several other research firms have also recently commented on HDS. Bank of America set a $51.00 target price on shares of HD Supply and gave the stock a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada decreased their target price on shares of HD Supply from $45.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday. BidaskClub cut shares of HD Supply from a “sell” rating to a “strong sell” rating in a research report on Saturday, November 23rd. JPMorgan Chase & Co. decreased their price objective on shares of HD Supply from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of HD Supply in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $45.60.

NASDAQ HDS opened at $40.22 on Friday. HD Supply has a 52 week low of $35.35 and a 52 week high of $47.13. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 1.85. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 0.57 and a beta of 1.09. The company has a 50-day moving average price of $40.14 and a two-hundred day moving average price of $39.67.

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC boosted its holdings in HD Supply by 917.0% during the third quarter. Millennium Management LLC now owns 1,033,394 shares of the industrial products company’s stock worth $40,483,000 after buying an additional 931,785 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in HD Supply by 4.9% during the third quarter. Squarepoint Ops LLC now owns 116,054 shares of the industrial products company’s stock worth $4,546,000 after buying an additional 5,460 shares in the last quarter. Third Point LLC bought a new stake in HD Supply during the third quarter worth approximately $39,175,000. California State Teachers Retirement System boosted its holdings in HD Supply by 0.3% during the third quarter. California State Teachers Retirement System now owns 292,573 shares of the industrial products company’s stock worth $11,462,000 after buying an additional 879 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its holdings in HD Supply by 6.4% during the third quarter. Pictet Asset Management Ltd. now owns 257,979 shares of the industrial products company’s stock worth $10,106,000 after buying an additional 15,600 shares in the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.

In related news, Director Lauren Taylor Wolfe acquired 600,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was acquired at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company 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.

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

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