HCA Holdings, Inc. Forecasted to Post Q3 2017 Earnings of $1.69 Per Share (NYSE:HCA)
HCA Holdings, Inc. (NYSE:HCA) – Stock analysts at SunTrust Banks decreased their Q3 2017 earnings per share (EPS) estimates for shares of HCA Holdings in a note issued to investors on Wednesday. SunTrust Banks analyst D. Macdonald now forecasts that the company will post earnings per share of $1.69 for the quarter, down from their prior forecast of $1.77. SunTrust Banks also issued estimates for HCA Holdings’ FY2017 earnings at $7.26 EPS, Q1 2018 earnings at $1.81 EPS, Q2 2018 earnings at $1.95 EPS, Q3 2018 earnings at $1.92 EPS, FY2018 earnings at $7.96 EPS and FY2019 earnings at $8.64 EPS.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same period in the prior year, the business earned $1.66 EPS. HCA Holdings’s quarterly revenue was up 4.0% on a year-over-year basis.
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Several other brokerages have also recently weighed in on HCA. Argus started coverage on shares of HCA Holdings in a research report on Wednesday, June 28th. They issued 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. Bank of America Corporation cut shares of HCA Holdings from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $102.00 to $92.00 in a research report on Wednesday. BidaskClub cut shares of HCA Holdings from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Morgan Stanley started coverage on shares of HCA Holdings in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 price target on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $92.67.
HCA Holdings (HCA) opened at 81.63 on Thursday. HCA Holdings has a 52 week low of $67.00 and a 52 week high of $91.03. The company has a market cap of $29.95 billion, a P/E ratio of 11.09 and a beta of 0.69. The company’s 50-day moving average is $85.32 and its 200-day moving average is $84.43.
Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc raised its stake in shares of HCA Holdings by 9.4% in the first quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $143,000 after buying an additional 138 shares in the last quarter. Global X Management Co. LLC raised its stake in shares of HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock worth $192,000 after buying an additional 498 shares in the last quarter. Peak Asset Management LLC bought a new stake in shares of HCA Holdings during the first quarter worth about $201,000. Ifrah Financial Services Inc. bought a new stake in shares of HCA Holdings during the first quarter worth about $210,000. Finally, Checchi Capital Advisers LLC bought a new stake in shares of HCA Holdings during the first quarter worth about $213,000. 74.48% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Robert A. Waterman sold 246,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $83.12, for a total transaction of $20,447,520.00. Following the completion of the sale, the senior vice president now directly owns 392,252 shares of the company’s stock, valued at $32,603,986.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Thomas F. Frist, Jr. bought 361,205 shares of the stock in a transaction dated Friday, May 5th. The shares were bought at an average cost of $83.06 per share, with a total value of $30,001,687.30. Following the completion of the purchase, the insider now directly owns 167,000 shares of the company’s stock, valued at approximately $13,871,020. The disclosure for this purchase can be found here. Insiders have sold 397,424 shares of company stock valued at $33,234,810 over the last three months. Insiders own 2.90% of the company’s stock.
About HCA Holdings
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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