HD Supply (HDS) Shares Gap Up After Better-Than-Expected Earnings
Shares of HD Supply Holdings Inc (NASDAQ:HDS) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $34.91, but opened at $36.87. HD Supply shares last traded at $38.09, with a volume of 4416677 shares traded.
The industrial products company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.05. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis.
HDS has been the subject of several recent analyst reports. Royal Bank of Canada cut HD Supply from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. BidaskClub cut HD Supply from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Zacks Investment Research upgraded HD Supply from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Thursday, December 7th. Finally, SunTrust Banks restated a “hold” rating and issued a $42.00 price target on shares of HD Supply in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $39.21.
The firm has a market capitalization of $6,983.36, a PE ratio of 7.16, a P/E/G ratio of 0.66 and a beta of 1.31. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.80 and a current ratio of 2.80.
About HD Supply
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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