HCA Holdings, Inc. (HCA) Issues FY17 Earnings Guidance
HCA Holdings, Inc. (NYSE:HCA) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $7.00-7.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.35. The company issued revenue guidance of $43.0-44.0 billion, compared to the consensus revenue estimate of $43.37 billion.
HCA Holdings, Inc. (NYSE:HCA) opened at 86.09 on Tuesday. The company has a market cap of $31.59 billion, a P/E ratio of 11.70 and a beta of 0.68. The company’s 50 day moving average price is $85.35 and its 200 day moving average price is $84.41. HCA Holdings, Inc. has a 52-week low of $67.00 and a 52-week high of $91.03.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $1.74 EPS for the quarter, meeting the consensus estimate of $1.74. The firm had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $10.64 billion. HCA Holdings had a net margin of 6.70% and a negative return on equity of 45.28%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share. Equities research analysts anticipate that HCA Holdings, Inc. will post $7.36 EPS for the current fiscal year.
Several brokerages have recently commented on HCA. BidaskClub downgraded shares of HCA Holdings from a hold rating to a sell rating in a research note on Monday. Leerink Swann upgraded shares of HCA Holdings from a market perform rating to an outperform rating and boosted their price target for the company from $92.00 to $100.00 in a research report on Tuesday, June 6th. Argus started coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They set a buy rating and a $100.00 price target on the stock. Zacks Investment Research cut shares of HCA Holdings from a buy rating to a hold rating in a research report on Tuesday, April 18th. Finally, Morgan Stanley started coverage on shares of HCA Holdings in a research report on Tuesday, June 6th. They set an equal weight rating and a $90.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $92.71.
In other HCA Holdings news, SVP Robert A. Waterman sold 246,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $83.12, for a total value of $20,447,520.00. Following the sale, the senior vice president now owns 392,252 shares in the company, valued at $32,603,986.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $84.52, for a total transaction of $181,718.00. Following the completion of the sale, the insider now owns 12,254 shares in the company, valued at approximately $1,035,708.08. The disclosure for this sale can be found here. In the last 90 days, insiders sold 397,424 shares of company stock worth $33,234,810. Corporate insiders own 2.90% of the company’s stock.
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HCA Holdings Company Profile
HCA Healthcare, Inc, formerly HCA Holdings, Inc, is a holding company. The Company, through its subsidiaries, owns and operates hospitals and related healthcare entities. As of December 31, 2016, the Company operated in two geographically organized groups, including the National and American Groups. As of December 31, 2016, the National Group included 84 hospitals, which were located in Alaska, California, Florida, southern Georgia, Idaho, Indiana, northern Kentucky, Nevada, New Hampshire, South Carolina, Utah and Virginia.
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