HD Supply Holdings, Inc. (NASDAQ:HDS) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.02-2.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.11. The company issued revenue guidance of $5.00-5.1 billion, compared to the consensus revenue estimate of $5.11 billion.HD Supply Holdings also updated its Q2 guidance to $0.60-0.65 EPS.
A number of brokerages recently weighed in on HDS. Royal Bank Of Canada reaffirmed a buy rating and issued a $53.00 target price on shares of HD Supply Holdings in a research note on Tuesday, April 11th. Raymond James Financial, Inc. raised shares of HD Supply Holdings from a market perform rating to an outperform rating and set a $44.00 target price for the company in a research note on Friday, April 21st. UBS AG raised shares of HD Supply Holdings to an outperform rating and set a $44.00 target price for the company in a research note on Wednesday, April 19th. ValuEngine lowered shares of HD Supply Holdings from a buy rating to a hold rating in a research note on Wednesday, June 7th. Finally, Drexel Hamilton lowered shares of HD Supply Holdings from a buy rating to a hold rating and reduced their target price for the stock from $50.00 to $37.00 in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $40.50.
HD Supply Holdings, Inc. (NASDAQ HDS) opened at 31.26 on Thursday. The firm has a market capitalization of $6.34 billion, a P/E ratio of 21.50 and a beta of 1.40. HD Supply Holdings, Inc. has a 1-year low of $28.97 and a 1-year high of $44.73. The stock’s 50 day moving average is $32.39 and its 200-day moving average is $39.20.
HD Supply Holdings (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. Analysts forecast that HD Supply Holdings, Inc. will post $2.10 EPS for the current year.
HD Supply Holdings declared that its Board of Directors has initiated a share repurchase plan on Tuesday, June 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
ILLEGAL ACTIVITY WARNING: “HD Supply Holdings, Inc. (NASDAQ:HDS) Releases FY18 Earnings Guidance” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://sportsperspectives.com/2017/07/20/hd-supply-holdings-inc-nasdaqhds-releases-fy18-earnings-guidance.html.
About HD Supply Holdings
HD Supply Holdings, Inc is an industrial distributor in North America. The Company’s segments include Facilities Maintenance, Waterworks, 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.
Receive News & Ratings for HD Supply Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.