Hill-Rom Holdings Inc (HRC) Releases Q4 Earnings Guidance
Hill-Rom Holdings Inc (NYSE:HRC) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $1.26-1.30 for the period, compared to the Thomson Reuters consensus estimate of $1.33. The company issued revenue guidance of +3 to 4% to ~$727-734 million, compared to the consensus revenue estimate of $751.39 million.
A number of brokerages recently issued reports on HRC. BidaskClub cut shares of Hill-Rom Holdings from a strong-buy rating to a buy rating in a research note on Monday. Zacks Investment Research cut shares of Hill-Rom Holdings from a buy rating to a hold rating in a research note on Tuesday, July 11th. Morgan Stanley upped their price target on shares of Hill-Rom Holdings from $85.00 to $90.00 and gave the stock an overweight rating in a research note on Friday, June 30th. Needham & Company LLC began coverage on shares of Hill-Rom Holdings in a research note on Thursday, June 29th. They issued a buy rating and a $95.00 price target on the stock. Finally, Cantor Fitzgerald began coverage on shares of Hill-Rom Holdings in a research note on Thursday, June 29th. They issued a neutral rating and a $86.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Hill-Rom Holdings presently has a consensus rating of Buy and a consensus price target of $88.50.
Hill-Rom Holdings Inc (NYSE HRC) opened at 79.70 on Friday. The firm has a 50-day moving average price of $80.93 and a 200-day moving average price of $71.62. Hill-Rom Holdings Inc has a 12 month low of $50.50 and a 12 month high of $84.65. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 34.43 and a beta of 1.23.
Hill-Rom Holdings (NYSE:HRC) last issued its quarterly earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. The business had revenue of $689.10 million during the quarter, compared to the consensus estimate of $695.50 million. Hill-Rom Holdings had a return on equity of 19.77% and a net margin of 5.80%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. Equities research analysts expect that Hill-Rom Holdings Inc will post $3.86 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio (DPR) is 31.03%.
In related news, SVP Paul Sherwood Johnson sold 2,078 shares of Hill-Rom Holdings stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $72.30, for a total transaction of $150,239.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andreas G. Frank sold 10,660 shares of Hill-Rom Holdings stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $78.62, for a total value of $838,089.20. Following the sale, the senior vice president now directly owns 28,988 shares of the company’s stock, valued at approximately $2,279,036.56. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
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Hill-Rom Holdings Company Profile
Hill-Rom Holdings, Inc is a global medical technology company. The Company operates through four segments: North America Patient Support Systems, International Patient Support Systems, Front Line Care and Surgical Solutions. The Company’s products and services include Patient Support Systems, Front Line Care and Surgical Solutions.
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