HD Supply Holdings Inc (NASDAQ:HDS) to Post Q2 2020 Earnings of $1.10 Per Share, SunTrust Banks Forecasts

HD Supply Holdings Inc (NASDAQ:HDS) – Stock analysts at SunTrust Banks reduced their Q2 2020 earnings per share (EPS) estimates for shares of HD Supply in a research report issued on Tuesday, June 11th. SunTrust Banks analyst K. Hughes now forecasts that the industrial products company will post earnings of $1.10 per share for the quarter, down from their previous forecast of $1.20. SunTrust Banks also issued estimates for HD Supply’s Q3 2020 earnings at $0.92 EPS and FY2020 earnings at $3.48 EPS.

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

HDS has been the subject of several other research reports. BidaskClub upgraded HD Supply from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research downgraded HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Royal Bank of Canada increased their price target on HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Wells Fargo & Co cut their price target on HD Supply from $55.00 to $50.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research note on Wednesday. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $47.54.

HDS stock opened at $39.51 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.06 and a debt-to-equity ratio of 1.77. The firm has a market cap of $6.73 billion, a PE ratio of 11.62, a PEG ratio of 0.73 and a beta of 1.27. HD Supply has a fifty-two week low of $35.35 and a fifty-two week high of $47.13.

In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $43.16, for a total value of $1,906,247.72. Following the completion of the transaction, the chief financial officer now owns 47,628 shares in the company, valued at approximately $2,055,624.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.89% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in HD Supply by 8.1% in the 1st quarter. FMR LLC now owns 22,525,969 shares of the industrial products company’s stock worth $976,501,000 after purchasing an additional 1,679,487 shares during the period. Vanguard Group Inc raised its holdings in shares of HD Supply by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after acquiring an additional 864,941 shares in the last quarter. Iridian Asset Management LLC CT raised its holdings in shares of HD Supply by 15.5% in the 1st quarter. Iridian Asset Management LLC CT now owns 4,759,984 shares of the industrial products company’s stock valued at $206,345,000 after acquiring an additional 639,764 shares in the last quarter. Boston Partners raised its holdings in shares of HD Supply by 780.5% in the 4th quarter. Boston Partners now owns 4,302,702 shares of the industrial products company’s stock valued at $161,437,000 after acquiring an additional 3,814,025 shares in the last quarter. Finally, OZ Management LP raised its holdings in shares of HD Supply by 15.8% in the 1st quarter. OZ Management LP now owns 4,000,522 shares of the industrial products company’s stock valued at $173,423,000 after acquiring an additional 546,858 shares in the last quarter. Institutional investors and hedge funds own 95.12% of the company’s stock.

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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