Analysts Expect HCA Holdings, Inc. (HCA) Will Post Earnings of $1.63 Per Share
Equities research analysts expect HCA Holdings, Inc. (NYSE:HCA) to announce earnings per share (EPS) of $1.63 for the current quarter, Zacks reports. Nine analysts have provided estimates for HCA Holdings’ earnings, with estimates ranging from $1.51 to $1.72. HCA Holdings reported earnings of $1.61 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.2%. The business is scheduled to announce its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that HCA Holdings will report full year earnings of $7.17 per share for the current financial year, with EPS estimates ranging from $7.07 to $7.40. For the next financial year, analysts forecast that the business will report earnings of $7.86 per share, with EPS estimates ranging from $7.43 to $8.15. Zacks’ EPS averages are a mean average based on a survey of analysts that cover HCA Holdings.
HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.05. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The firm had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. During the same period in the previous year, the company earned $1.66 earnings per share. HCA Holdings’s revenue was up 4.0% on a year-over-year basis.
HCA has been the subject of several recent analyst reports. Argus assumed coverage on shares of HCA Holdings in a report on Wednesday, June 28th. They set a “buy” rating and a $100.00 price target for the company. BidaskClub cut shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation cut shares of HCA Holdings from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $102.00 to $92.00 in a report on Wednesday, July 26th. Morgan Stanley assumed coverage on shares of HCA Holdings in a report on Tuesday, June 6th. They set an “equal weight” rating and a $90.00 price target for the company. Finally, Zacks Investment Research cut shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $92.88.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $79.88, for a total transaction of $171,742.00. Following the sale, the insider now owns 12,363 shares in the company, valued at $987,556.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jonathan B. Perlin sold 71,063 shares of HCA Holdings stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total transaction of $6,111,418.00. The disclosure for this sale can be found here. Insiders have sold 77,513 shares of company stock worth $6,651,455 in the last ninety days. 2.90% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of HCA Holdings by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock valued at $101,000 after purchasing an additional 143 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of HCA Holdings by 35.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock valued at $107,000 after purchasing an additional 320 shares in the last quarter. Atlantic Trust LLC acquired a new stake in shares of HCA Holdings in the 2nd quarter valued at $118,000. Lee Financial Co acquired a new stake in shares of HCA Holdings in the 2nd quarter valued at $125,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of HCA Holdings by 14.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock valued at $140,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 73.77% of the company’s stock.
HCA Holdings (HCA) traded up 0.89% during midday trading on Friday, hitting $77.05. 1,922,216 shares of the stock traded hands. The company’s 50 day moving average is $79.21 and its 200-day moving average is $83.78. HCA Holdings has a one year low of $67.00 and a one year high of $91.03. The company has a market cap of $27.83 billion, a P/E ratio of 10.33 and a beta of 0.67.
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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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