HD Supply (HDS) Releases Earnings Results, Beats Estimates By $0.05 EPS
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.
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