$1.65 Billion in Sales Expected for HD Supply Holdings Inc (NASDAQ:HDS) This Quarter

Equities research analysts expect that HD Supply Holdings Inc (NASDAQ:HDS) will post $1.65 billion in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for HD Supply’s earnings, with the lowest sales estimate coming in at $1.64 billion and the highest estimate coming in at $1.69 billion. HD Supply reported sales of $1.61 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is scheduled to announce its next earnings report on Tuesday, December 3rd.

On average, analysts expect that HD Supply will report full-year sales of $6.21 billion for the current financial year, with estimates ranging from $6.15 billion to $6.35 billion. For the next financial year, analysts anticipate that the company will post sales of $6.42 billion, with estimates ranging from $6.32 billion to $6.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover HD Supply.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings data on Tuesday, September 10th. The industrial products company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. HD Supply had a net margin of 6.74% and a return on equity of 44.51%. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter last year, the firm posted $0.99 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis.

Several research analysts recently issued reports on the company. Bank of America set a $51.00 target price on HD Supply and gave the company a “buy” rating in a research report on Friday, September 6th. Barclays lowered HD Supply from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $44.00 to $42.00 in a research report on Thursday, September 26th. Wells Fargo & Co upped their target price on HD Supply from $45.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. ValuEngine lowered HD Supply from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Finally, SunTrust Banks upped their target price on HD Supply to $50.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.82.

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

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A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in HD Supply by 7.6% during the 2nd quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock valued at $402,369,000 after purchasing an additional 707,576 shares during the last quarter. Fiduciary Management Inc. WI purchased a new stake in HD Supply during the 2nd quarter valued at about $264,175,000. Boston Partners grew its stake in HD Supply by 1.5% during the 2nd quarter. Boston Partners now owns 4,104,644 shares of the industrial products company’s stock valued at $165,342,000 after purchasing an additional 58,789 shares during the last quarter. D. E. Shaw & Co. Inc. grew its stake in HD Supply by 18.1% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 3,417,694 shares of the industrial products company’s stock valued at $137,665,000 after purchasing an additional 523,757 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in HD Supply by 4.4% during the 2nd quarter. APG Asset Management N.V. now owns 3,389,218 shares of the industrial products company’s stock valued at $119,879,000 after purchasing an additional 143,918 shares during the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.

NASDAQ HDS traded up $0.44 during mid-day trading on Wednesday, hitting $40.74. The company’s stock had a trading volume of 602,200 shares, compared to its average volume of 979,980. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.70 and a beta of 1.10. The company has a current ratio of 2.05, a quick ratio of 1.10 and a debt-to-equity ratio of 1.66. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The company’s 50 day simple moving average is $39.60 and its 200 day simple moving average is $40.29.

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.

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

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