HD Supply Holdings Inc (HDS) Releases Earnings Results, Beats Expectations By $0.04 EPS

HD Supply Holdings Inc (HDS) reported quarterly earnings results on Tuesday, Jun-7-2016. The company said it had a profit of $0.51 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.47. The company posted revenue of $1844.00 million in the period, compared to analysts expectations of $1836.07 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on HD Supply Holdings Inc. HD Supply Holdings Inc was Initiated by Longbow to “Buy” on Jun 2, 2016. HD Supply Holdings Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.

HD Supply Holdings Inc closed down -0.08 points or -0.23% at $34.7 with 23,89,459 shares getting traded on Friday. Post opening the session at $34.68, the shares hit an intraday low of $34.36 and an intraday high of $34.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 8, 2016, Stephen O Leclair (Pres.,HD Supply Waterworks) sold 1,325 shares at $28.84 per share price. According to the SEC, on Mar 8, 2016, Joseph J Deangelo (Chairman, President and CEO) sold 15,106 shares at $28.81 per share price. On Mar 8, 2016, Dan S Mcdevitt (Gen. Counsel & Corp. Secretary) sold 512 shares at $28.80 per share price, according to the Form-4 filing with the securities and exchange commission.

HD Supply Holdings Inc. is an industrial distributor in North America. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance repair and operations (MRO) products provides value-add services and fabricates custom products. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. Power Solutions distributes electrical transmission and distribution products power plant MRO supplies and smart-grid products and arranges materials management and procurement outsourcing for the power generation and distribution industries. Construction & Industrial-White Cap distributes specialized hardware tools engineered materials and safety products to non-residential and residential contractors.

HD Supply Holdings Inc

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