Halyard Health, Inc. (HYH) Issues Quarterly Earnings Results
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.
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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.
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