HD Supply Holdings Inc (NASDAQ:HDS) – SunTrust Banks upped their FY2018 EPS estimates for HD Supply in a report issued on Tuesday. SunTrust Banks analyst K. Hughes now expects that the industrial products company will post earnings of $2.35 per share for the year, up from their previous forecast of $2.31. SunTrust Banks currently has a “Hold” rating and a $42.00 price target on the stock. SunTrust Banks also issued estimates for HD Supply’s Q4 2018 earnings at $0.45 EPS, Q1 2019 earnings at $0.59 EPS, Q2 2019 earnings at $0.88 EPS, Q3 2019 earnings at $0.95 EPS and FY2019 earnings at $2.93 EPS.

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

Several other equities research analysts have also issued reports on HDS. BidaskClub raised shares of HD Supply from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Zacks Investment Research lowered shares of HD Supply from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $37.00 target price (up from $36.00) on shares of HD Supply in a report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and issued a $38.00 target price on shares of HD Supply in a report on Monday, October 9th. Finally, Credit Suisse Group lowered shares of HD Supply from an “outperform” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Friday, September 8th. Twelve investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $38.85.

HD Supply (NASDAQ:HDS) traded up $0.09 during midday trading on Friday, hitting $39.32. 2,919,769 shares of the stock traded hands, compared to its average volume of 2,338,423. HD Supply has a 12-month low of $28.97 and a 12-month high of $44.73. The stock has a market cap of $7,284.16, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.87 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.80 and a debt-to-equity ratio of 1.40.

HD Supply declared that its board has approved a share repurchase plan on Tuesday, August 29th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

A number of hedge funds have recently bought and sold shares of the business. Creative Planning boosted its position in shares of HD Supply by 15.2% during the 2nd quarter. Creative Planning now owns 3,800 shares of the industrial products company’s stock valued at $116,000 after acquiring an additional 500 shares during the last quarter. Pinebridge Investments L.P. boosted its position in shares of HD Supply by 170.0% during the 2nd 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 during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of HD Supply during the 2nd quarter valued at approximately $181,000. Massey Quick Simon & CO. LLC bought a new position in shares of HD Supply during the 3rd quarter valued at approximately $185,000. Finally, Global X Management Co. LLC boosted its position in shares of HD Supply by 220.9% during the 2nd quarter. Global X Management Co. LLC now owns 6,385 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 4,395 shares during the last quarter.

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HD Supply Company Profile

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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