Hill-Rom Holdings Inc. (HRC) Updates FY14 Earnings Guidance
Hill-Rom Holdings Inc. (NYSE:HRC) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $2.18-2.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.47, Stock Ratings News reports. The company issued revenue guidance of decline 2-4% YoY to ~$1.65-1.68 billion, compared to the consensus revenue estimate of $1.74 billion.Hill-Rom Holdings also updated its Q2 guidance to $0.50-0.53 EPS.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Hill-Rom Holdings from an outperform rating to a neutral rating in a research note to investors on Wednesday, January 15th. They now have a $46.90 price target on the stock. On a related note, analysts at Morgan Stanley downgraded shares of Hill-Rom Holdings from an equal weight rating to an underweight rating in a research note to investors on Monday, November 11th. They now have a $36.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of Hold and an average target price of $39.63.
Hill-Rom Holdings Inc. (NYSE:HRC) opened at 44.11 on Thursday. Hill-Rom Holdings Inc. has a 52-week low of $31.71 and a 52-week high of $44.64. The stock’s 50-day moving average is $41.65 and its 200-day moving average is $38.34. The company has a market cap of $2.575 billion and a P/E ratio of 25.35.
Hill-Rom Holdings (NYSE:HRC) last issued its quarterly earnings data on Wednesday, January 22nd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.15. The company had revenue of $393.40 million for the quarter, compared to the consensus estimate of $406.04 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts predict that Hill-Rom Holdings Inc. will post $2.45 earnings per share for the current fiscal year.
Hill-Rom Holdings, Inc is a manufacturer and provider of medical technologies and related services for the health care industry, including patient support systems, safe mobility and handling solutions, non-invasive therapeutic products for a variety of acute and chronic medical conditions, medical equipment rentals and information technology solutions.
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