HD Supply (NASDAQ:HDS) Posts Earnings Results, Beats Estimates By $0.01 EPS

HD Supply (NASDAQ:HDS) released its quarterly earnings results on Tuesday. The industrial products company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.01, Briefing.com reports. HD Supply had a return on equity of 45.42% and a net margin of 7.51%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted $1.00 earnings per share. The business’s revenue was up 2.0% on a year-over-year basis. HD Supply updated its Q4 guidance to $0.52-0.58 EPS and its FY 2019
Pre-Market guidance to $3.45-3.51 EPS.

Shares of HDS opened at $40.39 on Friday. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The stock’s 50 day moving average is $40.14 and its two-hundred day moving average is $39.68. The firm has a market capitalization of $6.40 billion, a PE ratio of 11.88, a P/E/G ratio of 0.57 and a beta of 1.09. The company has a current ratio of 1.98, a quick ratio of 1.10 and a debt-to-equity ratio of 1.85.

In related news, Director Lauren Taylor Wolfe purchased 600,000 shares of HD Supply stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of $38.55 per share, for a total transaction of $23,130,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.89% of the stock is currently owned by insiders.

A number of research firms recently issued reports on HDS. Buckingham Research raised their price target on HD Supply from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on HD Supply from $43.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Co reaffirmed a “buy” rating on shares of HD Supply in a report on Monday. ValuEngine raised HD Supply from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, SunTrust Banks lifted their price objective on HD Supply to $50.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.60.

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 for HD Supply (NASDAQ:HDS)

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