Q4 2018 EPS Estimates for HD Supply Holdings Inc Cut by William Blair (HDS)

HD Supply Holdings Inc (NASDAQ:HDS) – Equities researchers at William Blair reduced their Q4 2018 earnings per share estimates for shares of HD Supply in a note issued to investors on Wednesday. William Blair analyst R. Merkel now expects that the industrial products company will post earnings per share of $0.44 for the quarter, down from their previous forecast of $0.45.

HD Supply (NASDAQ:HDS) last posted its earnings results on Tuesday, December 5th. The industrial products company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.05. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.34 billion. HD Supply had a return on equity of 41.89% and a net margin of 16.55%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS.

Other analysts have also issued research reports about the company. BidaskClub raised HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. ValuEngine raised HD Supply from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $38.00 price objective (up previously from $37.00) on shares of HD Supply in a report on Monday, October 2nd. Zacks Investment Research raised HD Supply from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Monday, October 9th. Finally, Wells Fargo & Co lifted their price objective on HD Supply from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 6th. Fourteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.85.

HD Supply (NASDAQ HDS) traded down $0.11 during trading on Monday, hitting $39.06. The company’s stock had a trading volume of 1,666,514 shares, compared to its average volume of 2,959,367. The company has a market cap of $7,320.00, a price-to-earnings ratio of 32.55, a price-to-earnings-growth ratio of 0.87 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 current ratio of 2.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.40.

Large investors have recently added to or reduced their stakes in the business. Massey Quick Simon & CO. LLC bought a new stake in HD Supply during the third quarter valued at about $185,000. Pinebridge Investments L.P. lifted its position in shares of HD Supply by 170.0% in the second quarter. Pinebridge Investments L.P. now owns 5,400 shares of the industrial products company’s stock valued at $165,000 after acquiring an additional 3,400 shares in the last quarter. Commonwealth Equity Services Inc purchased a new position in shares of HD Supply in the third quarter valued at about $236,000. Oakbrook Investments LLC purchased a new position in shares of HD Supply in the third quarter valued at about $244,000. Finally, CIBC Asset Management Inc purchased a new position in shares of HD Supply in the third quarter valued at about $245,000.

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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 and Estimates for HD Supply (NASDAQ:HDS)

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