$1.64 Billion in Sales Expected for HD Supply Holdings Inc (NASDAQ:HDS) This Quarter

Equities research analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will announce sales of $1.64 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for HD Supply’s earnings. The lowest sales estimate is $1.63 billion and the highest is $1.65 billion. HD Supply posted sales of $1.60 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, September 4th.

On average, analysts expect that HD Supply will report full-year sales of $6.28 billion for the current fiscal year, with estimates ranging from $6.25 billion to $6.32 billion. For the next financial year, analysts forecast that the business will post sales of $6.58 billion, with estimates ranging from $6.49 billion to $6.64 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for HD Supply.

HD Supply (NASDAQ:HDS) last announced its quarterly earnings results on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.49 billion. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share.

A number of equities analysts recently commented on HDS shares. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research lowered HD Supply from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Royal Bank of Canada lifted their price objective on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Longbow Research raised HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Monday, June 3rd. Finally, Wells Fargo & Co cut their price objective on HD Supply from $55.00 to $50.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $47.50.

In other HD Supply news, CFO Evan Levitt sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $44.70, for a total value of $67,050.00. Following the transaction, the chief financial officer now directly owns 35,961 shares of the company’s stock, valued at $1,607,456.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.89% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its holdings in shares of HD Supply by 60.0% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 221,405 shares of the industrial products company’s stock valued at $9,598,000 after acquiring an additional 83,070 shares in the last quarter. FMR LLC grew its holdings in HD Supply by 8.1% during the first quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after buying an additional 1,679,487 shares in the last quarter. Nordea Investment Management AB grew its holdings in HD Supply by 59.8% during the first quarter. Nordea Investment Management AB now owns 558,684 shares of the industrial products company’s stock worth $24,221,000 after buying an additional 209,160 shares in the last quarter. Cerebellum GP LLC grew its holdings in HD Supply by 11.7% during the first quarter. Cerebellum GP LLC now owns 7,794 shares of the industrial products company’s stock worth $338,000 after buying an additional 816 shares in the last quarter. Finally, Summit Global Investments bought a new stake in HD Supply during the first quarter worth $1,381,000. 94.84% of the stock is currently owned by hedge funds and other institutional investors.

HD Supply stock opened at $40.28 on Friday. The business has a 50 day moving average of $41.46. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.07 and a current ratio of 2.06. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.66 and a beta of 1.27. HD Supply has a one year low of $35.35 and a one year high of $47.13.

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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