HD Supply (NASDAQ:HDS) released its quarterly earnings results on Monday. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15, Bloomberg Earnings reports. HD Supply had a return on equity of 49.76% and a net margin of 9.31%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
Shares of HD Supply (NASDAQ:HDS) opened at $38.80 on Wednesday. The company has a market capitalization of $6,810.72, a P/E ratio of 14.37, a PEG ratio of 0.82 and a beta of 1.40. The company has a quick ratio of 1.41, a current ratio of 2.04 and a debt-to-equity ratio of 3.57. HD Supply has a twelve month low of $28.97 and a twelve month high of $44.73.
HD Supply announced that its board has approved a stock repurchase plan on Tuesday, August 29th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
A number of equities analysts have weighed in on HDS shares. Zacks Investment Research raised HD Supply from a “strong sell” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, August 8th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $35.00 price target on shares of HD Supply in a research report on Wednesday, August 16th. Royal Bank Of Canada upped their price target on HD Supply from $39.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 30th. BidaskClub raised HD Supply from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $37.00 price target (up previously from $36.00) on shares of HD Supply in a research report on Friday, September 1st. Thirteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $38.15.
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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.
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