HD Supply (HDS) Issues FY18 Earnings Guidance
HD Supply (NASDAQ:HDS) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.23-2.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.21. The company issued revenue guidance of $5.08-5.12 billion, compared to the consensus revenue estimate of $5.05 billion.
Shares of HD Supply (NASDAQ:HDS) opened at $38.80 on Wednesday. The company has a debt-to-equity ratio of 3.57, a current ratio of 2.04 and a quick ratio of 1.41. HD Supply has a 52-week low of $28.97 and a 52-week high of $44.73. The company has a market capitalization of $6,810.72, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 0.82 and a beta of 1.40.
HD Supply (NASDAQ:HDS) last released its quarterly earnings data on Monday, December 4th. The industrial products company reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.15. HD Supply had a return on equity of 49.76% and a net margin of 9.31%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. sell-side analysts forecast that HD Supply will post 2.21 earnings per share for the current year.
HDS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded HD Supply from a strong sell rating to a buy rating and set a $36.00 target price on the stock in a research report on Tuesday, August 8th. Goldman Sachs Group reiterated a neutral rating and set a $35.00 target price on shares of HD Supply in a research report on Wednesday, August 16th. Royal Bank Of Canada increased their target price on HD Supply from $39.00 to $41.00 and gave the company an outperform rating in a research report on Wednesday, August 30th. BidaskClub upgraded HD Supply from a sell rating to a hold rating in a research report on Friday, September 1st. Finally, Morgan Stanley reissued an equal weight rating and issued a $37.00 price objective (up from $36.00) on shares of HD Supply in a research note on Friday, September 1st. Thirteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. HD Supply has an average rating of Hold and a consensus price target of $38.15.
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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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