HD Supply Holdings Inc (NASDAQ:HDS) Forecasted to Post Q4 2018 Earnings of $0.44 Per Share

HD Supply Holdings Inc (NASDAQ:HDS) – William Blair dropped their Q4 2018 earnings estimates for HD Supply in a report released on Wednesday, Zacks Investment Research reports. William Blair analyst R. Merkel now expects that the industrial products company will earn $0.44 per share for the quarter, down from their previous estimate of $0.45.

HD Supply (NASDAQ:HDS) last announced its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.05. The company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a net margin of 16.55% and a return on equity of 41.89%. HD Supply’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share.

HDS has been the topic of several other research reports. Zacks Investment Research raised shares of HD Supply from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research report on Monday, October 9th. Royal Bank of Canada cut shares of HD Supply from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 3rd. SunTrust Banks reissued a “hold” rating and set a $35.00 price target on shares of HD Supply in a research report on Friday, November 10th. Wells Fargo & Co increased their price target on shares of HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 6th. Finally, ValuEngine raised shares of HD Supply from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.85.

Shares of HD Supply (NASDAQ HDS) traded down $0.44 on Monday, hitting $38.01. 2,390,505 shares of the stock traded hands, compared to its average volume of 2,661,646. The firm has a market capitalization of $7,060.00, a PE ratio of 31.68, a PEG ratio of 0.86 and a beta of 1.40. HD Supply has a 1-year low of $28.97 and a 1-year high of $44.73. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.80 and a quick ratio of 1.80.

A number of large investors have recently modified their holdings of HDS. FMR LLC raised its holdings in HD Supply by 16.4% in the second quarter. FMR LLC now owns 29,562,670 shares of the industrial products company’s stock valued at $905,504,000 after acquiring an additional 4,162,500 shares in the last quarter. BlackRock Inc. raised its holdings in HD Supply by 20.6% in the second quarter. BlackRock Inc. now owns 9,886,158 shares of the industrial products company’s stock valued at $302,814,000 after acquiring an additional 1,688,213 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in HD Supply by 60.2% in the third quarter. JPMorgan Chase & Co. now owns 4,101,368 shares of the industrial products company’s stock valued at $148,182,000 after acquiring an additional 1,541,426 shares in the last quarter. OZ Management LP raised its holdings in HD Supply by 36.4% in the third quarter. OZ Management LP now owns 5,216,940 shares of the industrial products company’s stock valued at $188,175,000 after acquiring an additional 1,392,371 shares in the last quarter. Finally, State Street Corp raised its holdings in HD Supply by 37.3% in the second quarter. State Street Corp now owns 3,526,699 shares of the industrial products company’s stock valued at $108,026,000 after acquiring an additional 957,778 shares in the last quarter.

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HD Supply Company Profile

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.

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

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