Halyard Health, Inc. (NYSE:HYH) released its earnings results on Tuesday. The medical instruments supplier reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.13, Bloomberg Earnings reports. Halyard Health had a return on equity of 8.29% and a net margin of 3.06%. The firm had revenue of $401.40 million during the quarter, compared to analysts’ expectations of $394.54 million. During the same period in the prior year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis.

Shares of Halyard Health (HYH) traded up 11.81% on Wednesday, hitting $47.13. The stock had a trading volume of 1,336,479 shares. The firm has a 50-day moving average of $44.86 and a 200 day moving average of $41.01. The company has a market capitalization of $2.20 billion, a PE ratio of 45.32 and a beta of 1.75. Halyard Health has a 1-year low of $32.24 and a 1-year high of $50.99.

Several equities research analysts have weighed in on the company. BidaskClub cut Halyard Health from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut Halyard Health from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. KeyCorp restated a “hold” rating on shares of Halyard Health in a research note on Tuesday, October 17th. Stephens upgraded Halyard Health from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 3rd. Finally, Stifel Nicolaus restated a “buy” rating and set a $45.00 target price on shares of Halyard Health in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.25.

TRADEMARK VIOLATION NOTICE: “Halyard Health, Inc. (HYH) Issues Quarterly Earnings Results” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/01/halyard-health-inc-hyh-issues-quarterly-earnings-results.html.

Halyard Health Company Profile

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.

Earnings History for Halyard Health (NYSE:HYH)

Receive News & Ratings for Halyard Health Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halyard Health Inc. and related companies with MarketBeat.com's FREE daily email newsletter.