HD Supply (NASDAQ:HDS) released its quarterly earnings results on Tuesday. The industrial products company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.05, Bloomberg Earnings reports. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.34 billion. HD Supply had a net margin of 9.31% and a return on equity of 49.76%. HD Supply’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 EPS. HD Supply updated its FY18 guidance to $2.23-2.29 EPS.

HD Supply (NASDAQ HDS) opened at $38.80 on Wednesday. The company has a market cap of $6,810.72, a price-to-earnings ratio of 14.37, a P/E/G ratio of 0.82 and a beta of 1.40. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57.

HDS has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of HD Supply from a “strong sell” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, August 8th. Goldman Sachs Group restated a “neutral” rating and set a $35.00 price target on shares of HD Supply in a report on Wednesday, August 16th. Royal Bank Of Canada lifted their target price on shares of HD Supply from $39.00 to $41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 30th. BidaskClub upgraded shares of HD Supply from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $37.00 target price (up previously from $36.00) on shares of HD Supply in a report on Friday, September 1st. Thirteen equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.15.

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

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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.

Earnings History for HD Supply (NASDAQ:HDS)

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