Equities analysts predict that HD Supply Holdings Inc (NASDAQ:HDS) will post sales of $1.49 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for HD Supply’s earnings. The highest sales estimate is $1.51 billion and the lowest is $1.48 billion. HD Supply posted sales of $1.39 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next earnings results on Tuesday, June 4th.

According to Zacks, analysts expect that HD Supply will report full year sales of $6.36 billion for the current year, with estimates ranging from $6.33 billion to $6.39 billion. For the next year, analysts anticipate that the company will post sales of $6.68 billion, with estimates ranging from $6.63 billion to $6.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for HD Supply.

HD Supply (NASDAQ:HDS) last issued its quarterly earnings data on Monday, March 18th. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.03. HD Supply had a net margin of 6.52% and a return on equity of 41.40%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis.

Several equities analysts have recently weighed in on the stock. BidaskClub cut shares of HD Supply from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research downgraded HD Supply from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Royal Bank of Canada boosted their target price on shares of HD Supply from $43.00 to $44.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. They noted that the move was a valuation call. Finally, Robert W. Baird upgraded shares of HD Supply from a “neutral” rating to an “outperform” rating and set a $39.96 target price for the company in a report on Friday, January 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. HD Supply has a consensus rating of “Buy” and a consensus target price of $46.50.

Shares of NASDAQ:HDS traded up $0.22 during trading on Tuesday, hitting $43.51. The company’s stock had a trading volume of 8,447 shares, compared to its average volume of 1,182,948. HD Supply has a 12 month low of $35.35 and a 12 month high of $47.13. The company has a quick ratio of 1.10, a current ratio of 2.13 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $7.33 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.77 and a beta of 1.25.

In other HD Supply news, CFO Evan Levitt sold 44,167 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were 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 directly owns 47,628 shares in the company, valued at $2,055,624.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.89% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in HD Supply by 1,148.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,144,848 shares of the industrial products company’s stock valued at $91,779,000 after buying an additional 1,973,046 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of HD Supply by 713.9% in the third quarter. Nordea Investment Management AB now owns 168,617 shares of the industrial products company’s stock valued at $7,215,000 after purchasing an additional 147,900 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of HD Supply by 5.1% in the third quarter. Vanguard Group Inc now owns 17,692,988 shares of the industrial products company’s stock valued at $757,084,000 after purchasing an additional 864,941 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of HD Supply by 15.8% in the third quarter. Federated Investors Inc. PA now owns 171,284 shares of the industrial products company’s stock valued at $7,329,000 after purchasing an additional 23,334 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of HD Supply by 1.5% in the fourth quarter. State of Alaska Department of Revenue now owns 20,650 shares of the industrial products company’s stock valued at $774,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 97.41% of the company’s stock.

About HD Supply

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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