HD Supply Holdings, Inc. (HDS) Issues FY18 Earnings Guidance
HD Supply Holdings, Inc. (NASDAQ:HDS) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $2.13-2.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.11. The company issued revenue guidance of $5.0-5.1 billion, compared to the consensus revenue estimate of $5.10 billion.HD Supply Holdings also updated its Q3 guidance to $0.73-0.79 EPS.
Several brokerages recently commented on HDS. Susquehanna Bancshares Inc reaffirmed a neutral rating on shares of HD Supply Holdings in a report on Wednesday, June 14th. Robert W. Baird downgraded shares of HD Supply Holdings from an outperform rating to a neutral rating and reduced their target price for the stock from $47.00 to $37.00 in a report on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and set a $35.00 target price on shares of HD Supply Holdings in a report on Wednesday, August 16th. BidaskClub downgraded shares of HD Supply Holdings from a sell rating to a strong sell rating in a report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of HD Supply Holdings from a hold rating to a buy rating and set a $35.00 target price for the company in a report on Friday, August 25th. Twelve research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. HD Supply Holdings presently has a consensus rating of Hold and an average price target of $38.54.
HD Supply Holdings, Inc. (NASDAQ HDS) opened at 33.79 on Thursday. The stock has a 50 day moving average of $31.65 and a 200 day moving average of $36.52. HD Supply Holdings, Inc. has a 12 month low of $28.97 and a 12 month high of $44.73. The firm has a market capitalization of $6.85 billion, a PE ratio of 23.24 and a beta of 1.40.
HD Supply Holdings (NASDAQ:HDS) last released its quarterly earnings data on Wednesday, September 6th. The industrial products company reported $0.64 EPS for the quarter, meeting analysts’ consensus estimates of $0.64. HD Supply Holdings had a net margin of 3.92% and a return on equity of 58.13%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the business earned $0.85 earnings per share. HD Supply Holdings’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that HD Supply Holdings, Inc. will post $2.11 earnings per share for the current fiscal year.
HD Supply Holdings declared that its board has approved a share repurchase plan on Tuesday, June 6th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are 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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