Equities analysts predict that HD Supply Holdings, Inc. (NASDAQ:HDS) will post $1.34 billion in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for HD Supply Holdings’ earnings, with estimates ranging from $1.33 billion to $1.35 billion. HD Supply Holdings posted sales of $2.01 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 33.3%. The firm is scheduled to announce its next earnings results on Tuesday, December 5th.
On average, analysts expect that HD Supply Holdings will report full-year sales of $1.34 billion for the current year, with estimates ranging from $5.03 billion to $5.07 billion. For the next year, analysts forecast that the firm will report sales of $5.31 billion per share, with estimates ranging from $5.25 billion to $5.42 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover HD Supply Holdings.
HD Supply Holdings (NASDAQ:HDS) last released its earnings results on Wednesday, September 6th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.64. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.35 billion. HD Supply Holdings had a net margin of 9.31% and a return on equity of 49.76%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS.
A number of brokerages have weighed in on HDS. ValuEngine raised shares of HD Supply Holdings from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Wells Fargo & Company reaffirmed an “outperform” rating and set a $40.00 price target (down from $48.00) on shares of HD Supply Holdings in a research report on Wednesday, July 12th. Morgan Stanley reaffirmed an “equal weight” rating and set a $38.00 price target (up from $37.00) on shares of HD Supply Holdings in a research report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $35.00 price target on shares of HD Supply Holdings in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of HD Supply Holdings from a “strong sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Tuesday, August 8th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.71.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. raised its holdings in HD Supply Holdings by 0.3% in the second quarter. Alps Advisors Inc. now owns 11,673 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 30 shares in the last quarter. World Asset Management Inc raised its holdings in HD Supply Holdings by 0.4% in the second quarter. World Asset Management Inc now owns 9,073 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 33 shares in the last quarter. Utah Retirement Systems raised its holdings in HD Supply Holdings by 0.5% in the second quarter. Utah Retirement Systems now owns 36,900 shares of the industrial products company’s stock valued at $1,130,000 after acquiring an additional 200 shares in the last quarter. Delphi Management Inc. MA raised its holdings in HD Supply Holdings by 0.5% in the second quarter. Delphi Management Inc. MA now owns 62,359 shares of the industrial products company’s stock valued at $1,910,000 after acquiring an additional 339 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its holdings in HD Supply Holdings by 0.5% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 101,703 shares of the industrial products company’s stock valued at $3,115,000 after acquiring an additional 474 shares in the last quarter. 95.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HD Supply Holdings (NASDAQ HDS) opened at 36.11 on Wednesday. The firm’s 50-day moving average is $34.50 and its 200-day moving average is $35.15. The firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 11.41 and a beta of 1.41. HD Supply Holdings has a 12-month low of $28.97 and a 12-month high of $44.73.
HD Supply Holdings declared that its board has approved a share repurchase program on Tuesday, August 29th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.
About HD Supply Holdings
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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