Revenue Update on HD Supply Holdings Inc(NASDAQ:HDS)

HD Supply Holdings Inc(NASDAQ:HDS) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jun 7, 2016. Company reported revenue of $1.78B. Analysts estimated a revenue of $1.84B. Earnings per share were $0.51. Analysts had estimated an EPS of $0.47.

In a different note, Longbow Research said it Initiates Coverage on HD Supply Holdings Inc, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Buy’ by the firm. Sterne Agee CRT said it Initiates Coverage on HD Supply Holdings Inc, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Buy’ by the firm. On Mar 21, 2016, Morgan Stanley said it Maintains its rating on HD Supply Holdings Inc. In the research note, the firm Raises the price-target to $31.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

HD Supply Holdings Inc (HDS) shares turned negative on Fridays trading session with the shares closing down -1.59 points or -4.38% at a volume of 20,57,816. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36. The peak price level was also seen at $36 while the days lowest was $34.59. Finally the shares closed at $34.7. The 52-week high of the shares is $36.81 while the 52-week low is $21.26. According to the latest information available, the market cap of the company is $6,965 M.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Stephen O Leclair (Pres.,HD Supply Waterworks) sold 1,325 shares at $28.84 per share price.Also, 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.

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