$1.28 EPS Expected for Hill-Rom Holdings Inc (HRC) This Quarter
Equities research analysts expect Hill-Rom Holdings Inc (NYSE:HRC) to report $1.28 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Hill-Rom Holdings’ earnings, with estimates ranging from $1.27 to $1.29. Hill-Rom Holdings posted earnings of $1.18 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.5%. The firm is expected to announce its next earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that Hill-Rom Holdings will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.81 to $3.83. For the next financial year, analysts anticipate that the firm will report earnings of $4.30 per share, with EPS estimates ranging from $4.20 to $4.38. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Hill-Rom Holdings.
Hill-Rom Holdings (NYSE:HRC) last announced its quarterly earnings results on Friday, July 28th. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Hill-Rom Holdings had a return on equity of 19.99% and a net margin of 4.27%. The business had revenue of $689.10 million for the quarter, compared to the consensus estimate of $695.50 million. During the same period last year, the business posted $0.81 EPS. The business’s revenue was up 5.1% compared to the same quarter last year.
HRC has been the topic of several analyst reports. Zacks Investment Research cut Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. ValuEngine upgraded Hill-Rom Holdings from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Barclays PLC increased their price objective on Hill-Rom Holdings from $80.00 to $86.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Finally, Cantor Fitzgerald initiated coverage on Hill-Rom Holdings in a research note on Thursday, June 29th. They issued a “neutral” rating and a $86.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $88.17.
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Shares of Hill-Rom Holdings (NYSE:HRC) traded up 0.64% on Friday, hitting $77.42. The stock had a trading volume of 354,245 shares. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 45.12 and a beta of 1.21. The stock has a 50 day moving average of $76.07 and a 200 day moving average of $74.71. Hill-Rom Holdings has a 12-month low of $50.50 and a 12-month high of $84.65.
The firm 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 $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, September 14th. Hill-Rom Holdings’s dividend payout ratio (DPR) is presently 41.62%.
Several hedge funds have recently modified their holdings of HRC. Strs Ohio purchased a new position in shares of Hill-Rom Holdings during the first quarter worth about $1,765,000. Russell Investments Group Ltd. grew its holdings in shares of Hill-Rom Holdings by 64.3% during the first quarter. Russell Investments Group Ltd. now owns 62,568 shares of the medical technology company’s stock worth $4,418,000 after purchasing an additional 24,477 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Hill-Rom Holdings by 1.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 20,913 shares of the medical technology company’s stock worth $1,476,000 after purchasing an additional 300 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Hill-Rom Holdings by 6.9% during the first quarter. Wells Fargo & Company MN now owns 71,499 shares of the medical technology company’s stock worth $5,047,000 after purchasing an additional 4,619 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Hill-Rom Holdings by 457.1% during the first quarter. Canada Pension Plan Investment Board now owns 11,700 shares of the medical technology company’s stock worth $826,000 after purchasing an additional 9,600 shares during the last quarter. 82.31% of the stock is currently owned by institutional investors.
About Hill-Rom Holdings
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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