HD Supply (HDS) Announces Earnings Results
HD Supply (NASDAQ:HDS) released its quarterly earnings results on Monday. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15, Bloomberg Earnings reports. HD Supply had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
Shares of HD Supply (NASDAQ:HDS) opened at $38.80 on Wednesday. The company has a market capitalization of $6,810.72, a P/E ratio of 14.37, a PEG ratio of 0.82 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73.
HD Supply announced that its board has approved a stock repurchase plan on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
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HD Supply Company Profile
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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