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

On average, analysts expect that HD Supply will report full year sales of $6.28 billion for the current financial year, with estimates ranging from $6.25 billion to $6.32 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.58 billion, with estimates ranging from $6.50 billion to $6.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow HD Supply.

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



Several research analysts recently weighed in on HDS shares. Buckingham Research dropped their target price on HD Supply from $50.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, June 18th. ValuEngine upgraded HD Supply from a “sell” rating to a “hold” rating in a research report on Wednesday. Northcoast Research reiterated a “buy” rating on shares of HD Supply in a research report on Wednesday, June 12th. Longbow Research upgraded HD Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Monday, June 3rd. Finally, Zacks Investment Research cut HD Supply from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. HD Supply has a consensus rating of “Buy” and a consensus price target of $47.50.

Shares of NASDAQ HDS opened at $39.19 on Thursday. HD Supply has a twelve month low of $35.35 and a twelve month high of $47.13. The business has a fifty day simple moving average of $38.86 and a two-hundred day simple moving average of $41.70. The firm has a market cap of $6.70 billion, a PE ratio of 11.53, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11. The company has a quick ratio of 1.07, a current ratio of 2.06 and a debt-to-equity ratio of 1.77.

In other news, insider Jana Partners Llc sold 733,657 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were 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 SEC, which is accessible through the SEC website. Corporate insiders own 0.89% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDS. Boston Partners grew its position in HD Supply by 1.5% in the 2nd quarter. Boston Partners now owns 4,104,644 shares of the industrial products company’s stock worth $165,342,000 after purchasing an additional 58,789 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of HD Supply by 1.3% in the second quarter. Treasurer of the State of North Carolina now owns 86,563 shares of the industrial products company’s stock valued at $3,487,000 after acquiring an additional 1,080 shares in the last quarter. Nomura Holdings Inc. bought a new position in shares of HD Supply in the second quarter valued at approximately $323,000. BlackRock Inc. boosted its holdings in shares of HD Supply by 7.6% in the second quarter. BlackRock Inc. now owns 9,989,303 shares of the industrial products company’s stock valued at $402,369,000 after acquiring an additional 707,576 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its holdings in shares of HD Supply by 29.8% in the second quarter. Cresset Asset Management LLC now owns 270,288 shares of the industrial products company’s stock valued at $10,888,000 after acquiring an additional 62,111 shares in the last quarter. Hedge funds and other institutional investors own 95.05% 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.