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.

HD Supply declared that its Board of Directors has initiated a share repurchase plan on Tuesday, August 29th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.

TRADEMARK VIOLATION WARNING: “HD Supply (HDS) Issues FY18 Earnings Guidance” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/12/06/hd-supply-hds-issues-fy18-earnings-guidance.html.

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.

Receive News & Stock Ratings for HD Supply Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HD Supply Holdings Inc and related stocks with our FREE daily email newsletter.