Brokerages Anticipate HD Supply Holdings, Inc. (HDS) to Announce $0.64 Earnings Per Share

Equities research analysts expect HD Supply Holdings, Inc. (NASDAQ:HDS) to report earnings of $0.64 per share for the current quarter, according to Zacks. Seven analysts have made estimates for HD Supply Holdings’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.67. HD Supply Holdings reported earnings per share of $0.85 in the same quarter last year, which would indicate a negative year over year growth rate of 24.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, September 6th.

On average, analysts expect that HD Supply Holdings will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.15. For the next financial year, analysts expect that the firm will post earnings of $2.64 per share, with EPS estimates ranging from $2.23 to $3.10. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover HD Supply Holdings.

HD Supply Holdings (NASDAQ:HDS) last posted its quarterly earnings results on Tuesday, June 6th. The industrial products company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.02. HD Supply Holdings had a return on equity of 58.13% and a net margin of 3.92%. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.

HDS has been the subject of several research reports. Longbow Research cut HD Supply Holdings from a “buy” rating to a “neutral” rating in a research report on Monday, July 10th. Raymond James Financial, Inc. upgraded HD Supply Holdings from a “market perform” rating to an “outperform” rating and set a $44.00 price target for the company in a research report on Friday, April 21st. ValuEngine cut HD Supply Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. Robert W. Baird cut HD Supply Holdings from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $47.00 to $37.00 in a research report on Wednesday, June 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $39.00 price target (down from $53.00) on shares of HD Supply Holdings in a research report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $40.23.

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A number of institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in HD Supply Holdings by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,993 shares of the industrial products company’s stock worth $123,000 after buying an additional 49 shares during the period. Cadence Capital Management LLC raised its position in HD Supply Holdings by 0.9% in the first quarter. Cadence Capital Management LLC now owns 6,096 shares of the industrial products company’s stock worth $251,000 after buying an additional 53 shares during the period. Teacher Retirement System of Texas raised its position in HD Supply Holdings by 0.4% in the first quarter. Teacher Retirement System of Texas now owns 15,831 shares of the industrial products company’s stock worth $651,000 after buying an additional 61 shares during the period. Symphony Asset Management LLC raised its position in HD Supply Holdings by 0.3% in the first quarter. Symphony Asset Management LLC now owns 45,123 shares of the industrial products company’s stock worth $1,855,000 after buying an additional 137 shares during the period. Finally, Mastrapasqua Asset Management Inc. raised its position in HD Supply Holdings by 0.7% in the first quarter. Mastrapasqua Asset Management Inc. now owns 36,090 shares of the industrial products company’s stock worth $1,484,000 after buying an additional 240 shares during the period. 96.86% of the stock is currently owned by institutional investors.

HD Supply Holdings (HDS) traded up 1.62% on Wednesday, reaching $30.70. The company’s stock had a trading volume of 5,609,362 shares. The firm has a 50-day moving average of $36.21 and a 200 day moving average of $40.34. HD Supply Holdings has a 12-month low of $30.05 and a 12-month high of $44.73. The company has a market capitalization of $6.22 billion, a price-to-earnings ratio of 21.11 and a beta of 1.40.

HD Supply Holdings Company Profile

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.

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