HD Supply (NASDAQ:HDS) Releases FY20 Earnings Guidance

HD Supply (NASDAQ:HDS) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.45-3.60 for the period, compared to the Thomson Reuters consensus estimate of $3.58. The company issued revenue guidance of $6.1-6.2 billion, compared to the consensus revenue estimate of $6.26 billion.HD Supply also updated its FY 2019 guidance to $3.45-3.60 EPS.

NASDAQ:HDS opened at $39.35 on Thursday. The company has a market capitalization of $6.97 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. HD Supply has a 52-week low of $35.35 and a 52-week high of $47.13. The stock has a fifty day simple moving average of $38.92 and a 200-day simple moving average of $41.56.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, September 10th. The industrial products company reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.63 billion. HD Supply had a net margin of 6.70% and a return on equity of 43.10%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 EPS. As a group, equities analysts anticipate that HD Supply will post 3.56 earnings per share for the current year.

A number of research firms have weighed in on HDS. Zacks Investment Research cut HD Supply from a buy rating to a hold rating in a report on Tuesday, May 28th. Buckingham Research lowered HD Supply from a buy rating to a neutral rating in a research report on Wednesday. Royal Bank of Canada dropped their price target on HD Supply to $38.00 and set a sector perform rating on the stock in a research report on Wednesday. Robert W. Baird lowered HD Supply from an outperform rating to a neutral rating and dropped their price target for the company from $50.00 to $40.00 in a research report on Wednesday. Finally, BidaskClub raised HD Supply from a sell rating to a hold rating in a research report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $45.90.

In other news, insider Jana Partners Llc sold 733,657 shares of HD Supply stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total transaction of $29,903,859.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.89% of the stock is currently 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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