HD Supply (NASDAQ:HDS) Posts Earnings Results, Beats Estimates By $0.05 EPS

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HD Supply (NASDAQ:HDS) posted its quarterly earnings results on Tuesday, March 13th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.05, Bloomberg Earnings reports. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. HD Supply had a net margin of 16.79% and a return on equity of 37.90%. HD Supply’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. HD Supply updated its Q1 guidance to $0.60-0.66 EPS and its FY19 guidance to $2.99-3.21 EPS.

Shares of HD Supply stock opened at $38.05 on Friday. HD Supply has a 12-month low of $28.97 and a 12-month high of $42.25. The company has a quick ratio of 1.93, a current ratio of 3.02 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $7,113.54, a PE ratio of 16.47, a P/E/G ratio of 0.78 and a beta of 1.25.

Institutional investors have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of HD Supply in the 4th quarter valued at $132,000. Bessemer Group Inc. boosted its stake in HD Supply by 849.5% during the 4th quarter. Bessemer Group Inc. now owns 3,475 shares of the industrial products company’s stock worth $139,000 after purchasing an additional 3,109 shares during the period. American International Group Inc. acquired a new stake in HD Supply during the 4th quarter worth $177,000. Massey Quick Simon & CO. LLC acquired a new stake in HD Supply during the 3rd quarter worth $185,000. Finally, Cadence Capital Management LLC acquired a new stake in HD Supply during the 4th quarter worth $215,000. Institutional investors and hedge funds own 96.96% of the company’s stock.

HDS has been the topic of several recent analyst reports. SunTrust Banks upgraded shares of HD Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $38.01 to $48.00 in a report on Thursday, March 15th. Zacks Investment Research downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BidaskClub downgraded shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Royal Bank of Canada downgraded shares of HD Supply from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 3rd. Finally, TheStreet downgraded shares of HD Supply from a “b” rating to a “c+” rating in a research note on Wednesday, March 21st. Eleven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. HD Supply currently has an average rating of “Hold” and an average target price of $40.57.

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About HD Supply

HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Construction & Industrial-White Cap, and Corporate. As of January 29, 2017, the Company operated through approximately 500 locations across 48 states in the United States and six Canadian provinces.

Earnings History for HD Supply (NASDAQ:HDS)

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