Brokerages Expect HD Supply (HDS) Will Post Earnings of $0.63 Per Share

Wall Street analysts expect HD Supply (NASDAQ:HDS) to report $0.63 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for HD Supply’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.60. HD Supply also reported earnings of $0.63 per share in the same quarter last year. The business is scheduled to report its next quarterly earnings report on Tuesday, June 5th.

On average, analysts expect that HD Supply will report full-year earnings of $3.17 per share for the current financial year, with EPS estimates ranging from $3.07 to $3.28. For the next financial year, analysts expect that the business will post earnings of $3.17 per share, with EPS estimates ranging from $3.00 to $3.41. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for HD Supply.

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HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.05. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.



A number of research firms have recently commented on HDS. ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Barclays began coverage on shares of HD Supply in a research note on Thursday, February 15th. They issued an “overweight” rating and a $44.00 price objective on the stock. Deutsche Bank set a $45.00 price objective on shares of HD Supply and gave the company a “buy” rating in a research note on Friday, April 6th. BidaskClub raised shares of HD Supply from a “strong sell” rating to a “sell” rating in a research note on Friday, March 16th. Finally, Goldman Sachs reaffirmed a “neutral” rating on shares of HD Supply in a research note on Monday, March 19th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $40.57.

HDS traded up $0.71 during trading on Monday, reaching $38.78. 1,249,189 shares of the company’s stock were exchanged, compared to its average volume of 2,100,407. HD Supply has a one year low of $28.97 and a one year high of $42.25. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.02 and a quick ratio of 1.93. The firm has a market capitalization of $7,063.45, a price-to-earnings ratio of 16.79, a PEG ratio of 0.76 and a beta of 1.24.

A number of hedge funds and other institutional investors have recently modified their holdings of HDS. Ameriprise Financial Inc. boosted its stake in HD Supply by 44.2% during the third quarter. Ameriprise Financial Inc. now owns 358,905 shares of the industrial products company’s stock worth $12,947,000 after acquiring an additional 109,928 shares in the last quarter. Legal & General Group Plc boosted its stake in HD Supply by 11.9% during the third quarter. Legal & General Group Plc now owns 285,376 shares of the industrial products company’s stock worth $10,294,000 after acquiring an additional 30,250 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in HD Supply by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 762,095 shares of the industrial products company’s stock worth $27,489,000 after acquiring an additional 38,095 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in HD Supply by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 698,824 shares of the industrial products company’s stock worth $25,207,000 after acquiring an additional 15,166 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its stake in HD Supply by 18.6% during the third quarter. OxFORD Asset Management LLP now owns 22,342 shares of the industrial products company’s stock worth $806,000 after acquiring an additional 3,508 shares in the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.

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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, appliances, janitorial supplies, hardware, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance, 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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