Halyard Health, Inc. (NYSE:HYH) – Investment analysts at KeyCorp reduced their Q4 2017 earnings estimates for Halyard Health in a research report issued to clients and investors on Wednesday. KeyCorp analyst M. Mishan now forecasts that the medical instruments supplier will earn $0.49 per share for the quarter, down from their previous forecast of $0.51.

Halyard Health (NYSE:HYH) last issued its quarterly earnings data on Wednesday, August 2nd. The medical instruments supplier reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.14. The business had revenue of $399.20 million for the quarter, compared to the consensus estimate of $399.16 million. Halyard Health had a net margin of 3.06% and a return on equity of 8.29%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.45 EPS.

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Other analysts also recently issued reports about the company. TheStreet upgraded Halyard Health from a “c” rating to a “b” rating in a research report on Thursday, June 22nd. Deutsche Bank AG lifted their target price on Halyard Health from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded Halyard Health from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Wednesday, July 12th. BidaskClub upgraded Halyard Health from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Stephens upgraded Halyard Health from an “equal weight” rating to an “overweight” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Halyard Health currently has a consensus rating of “Buy” and an average target price of $42.25.

Several institutional investors have recently made changes to their positions in the stock. CENTRAL TRUST Co raised its position in shares of Halyard Health by 1.0% in the first quarter. CENTRAL TRUST Co now owns 2,643 shares of the medical instruments supplier’s stock valued at $101,000 after buying an additional 25 shares in the last quarter. Meadow Creek Investment Management LLC raised its position in shares of Halyard Health by 1.1% in the first quarter. Meadow Creek Investment Management LLC now owns 2,660 shares of the medical instruments supplier’s stock valued at $101,000 after buying an additional 28 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of Halyard Health by 1.1% in the first quarter. Glen Harbor Capital Management LLC now owns 3,230 shares of the medical instruments supplier’s stock valued at $123,000 after buying an additional 34 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Halyard Health during the first quarter valued at approximately $153,000. Finally, LS Investment Advisors LLC raised its position in shares of Halyard Health by 16.1% in the second quarter. LS Investment Advisors LLC now owns 4,017 shares of the medical instruments supplier’s stock valued at $158,000 after buying an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company’s stock.

About Halyard Health

Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.

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