Wall Street brokerages predict that HD Supply Holdings Inc (NASDAQ:HDS) will post sales of $1.64 billion for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for HD Supply’s earnings, with the highest sales estimate coming in at $1.65 billion and the lowest estimate coming in at $1.62 billion. HD Supply posted sales of $1.60 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, September 10th.

According to Zacks, analysts expect that HD Supply will report full-year sales of $6.28 billion for the current year, with estimates ranging from $6.25 billion to $6.32 billion. For the next year, analysts expect that the firm will report sales of $6.58 billion, with estimates ranging from $6.50 billion to $6.63 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover HD Supply.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Tuesday, June 11th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.81 by $0.03. HD Supply had a return on equity of 43.10% and a net margin of 6.70%. The firm had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.

Several brokerages have recently commented on HDS. Zacks Investment Research lowered HD Supply from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. BidaskClub upgraded HD Supply from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Buckingham Research decreased their price objective on HD Supply from $50.00 to $46.00 and set a “buy” rating for the company in a report on Tuesday, June 18th. Wells Fargo & Co decreased their price objective on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, June 12th. Finally, ValuEngine lowered HD Supply from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.50.

Shares of HDS traded down $0.27 during midday trading on Wednesday, hitting $37.73. 1,925,062 shares of the company’s stock traded hands, compared to its average volume of 1,585,797. HD Supply has a 1 year low of $35.35 and a 1 year high of $47.13. The firm’s fifty day moving average is $39.44 and its 200-day moving average is $42.04. The company has a current ratio of 2.06, a quick ratio of 1.07 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $6.40 billion, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 0.63 and a beta of 1.13.

In related news, insider Jana Partners Llc sold 733,657 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $40.76, for a total value of $29,903,859.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.89% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Investors Research Corp purchased a new position in HD Supply in the 1st quarter worth $30,000. Quadrant Capital Group LLC grew its position in HD Supply by 610.3% during the 1st quarter. Quadrant Capital Group LLC now owns 1,243 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 1,068 shares during the period. FinTrust Capital Advisors LLC grew its position in HD Supply by 36.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,303 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 350 shares during the period. Pearl River Capital LLC grew its position in HD Supply by 781.1% during the 1st quarter. Pearl River Capital LLC now owns 2,000 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 1,773 shares during the period. Finally, Truewealth LLC grew its position in HD Supply by 94.3% during the 1st quarter. Truewealth LLC now owns 2,473 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,200 shares during the period.

HD Supply Company Profile

HD Supply Holdings, Inc operates as an industrial distributor in North America. It operates through two segments, Facilities Maintenance, and Construction & Industrial. The Facilities Maintenance segment offers electrical and lighting items, plumbing supplies, appliances, janitorial supplies, hardware products, kitchen and bath cabinets, window coverings, textiles and guest amenities, healthcare maintenance products, and water and wastewater treatment products, as well as heating, ventilating, and air conditioning products.

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Earnings History and Estimates for HD Supply (NASDAQ:HDS)

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