HCA Holdings, Inc. (HCA) Set to Announce Earnings on Tuesday
HCA Holdings, Inc. (NYSE:HCA) is set to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect HCA Holdings to post earnings of $1.57 per share for the quarter.
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 Thomson Reuters’ consensus estimate of $1.80 by ($0.05). The firm had revenue of $10.73 billion during the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. HCA Holdings’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 EPS. On average, analysts expect HCA Holdings to post $6.55 EPS for the current fiscal year and $7.48 EPS for the next fiscal year.
HCA Holdings, Inc. (NYSE:HCA) traded down 1.55% during midday trading on Tuesday, hitting $79.50. 1,558,466 shares of the stock traded hands. The firm has a market cap of $28.72 billion, a PE ratio of 10.66 and a beta of 0.62. HCA Holdings, Inc. has a 52-week low of $67.00 and a 52-week high of $91.03. The stock has a 50-day moving average of $77.70 and a 200 day moving average of $81.74.
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A number of equities research analysts recently issued reports on HCA shares. Argus started coverage on shares of HCA Holdings in a report on Wednesday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. Zacks Investment Research raised shares of HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a report on Thursday, July 13th. BidaskClub lowered shares of HCA Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Bank of America Corporation lowered shares of HCA Holdings from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $102.00 to $92.00 in a report on Wednesday, July 26th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $88.00 price objective (down previously from $90.00) on shares of HCA Holdings in a report on Wednesday, July 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $91.25.
In related news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $79.88, for a total value of $171,742.00. Following the sale, the insider now owns 12,363 shares of the company’s stock, valued at $987,556.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 6,450 shares of company stock worth $511,163. 2.90% of the stock is owned by corporate insiders.
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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