HD Supply Holdings Inc. (HDS) Set to Announce Earnings on Wednesday

Zacks Investment Research upgraded shares of HD Supply Holdings from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Monday. The analyst recommendations from a month ago are 0 Buy, 10 Strong Buy, 0 Sell, 0 Hold and 3. The latest trading activity showed that the HD Supply Holdings Inc price went down -0.57% from its 52-week low and trades up 73.00% versus its 52-week high. According to a research note published on Nov 17, 2015, analysts at Susquehanna have upped their rating on the company stock from Neutral to Positive. Analysts expected EPS of $0.88. Analysts expect HD Supply Holdings to post earnings of $0.88 per share for the quarter.

Before the opening bell, the company reported earnings of 85 cents per share, which fell short of analysts’ estimates of 88 cents per share. For the current quarter the company has highest EPS estimates of $0.9 and low forecast is $0.85. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Shares closed down 1.4% on Tuesday, at $36.26 in a 52-week range of $21.26 to $36.99, and dropped almost 10% in Wednesday’s premarket. The Company has 52-week high of $36.99 and 52-week low of $21.26. Further it is trading $2.91 or +8.68% away its 200-day moving average of $33.51. Its SVP, Chief HR Officer NEWMAN MARGARET sold 18,000 company shares for $648000, in a transaction on 2016-06-08. In contrast, the average volume was 1741150 shares.

Enbridge Inc. (NYSE:ENB) and Spectra Energy Corp (NYSE:SE) announced that they have entered into a definitive merger agreement under which Enbridge and Spectra Energy will combine in a stock-for-stock merger transaction (the “Transaction”), which values Spectra Energy common stock at approximately C$37 billion (US$28 billion), based on the closing price of Enbridge’s common shares on September 2, 2016. The number of shares now owned by investors are 197.34 mln. It operates in four segments: Facilities Maintenance Waterworks Power Solutions and Construction & Industrial-White Cap. Facilities Maintenance distributes maintenance, fix and operations products, provides value-add services and fabricates custom products to multifamily, hospitality, healthcare and institutional facilities. The Market Capitalization of the company stands at 7.26 Billion. Waterworks distributes water and wastewater transmission products serving contractors and municipalities in the water and wastewater industries for non-residential and residential uses. This depreciation has taken its market cap to $348.93M. Construction & Industrial-White Cap distributes specialized hardware, tools, and engineered materials and safety products to non-residential and residential contractors.