Hill-Rom Holdings Inc (HRC) Updates FY18 Earnings Guidance
Hill-Rom Holdings Inc (NYSE:HRC) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.22-4.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.29. The company issued revenue guidance of +3-4% y/y (approx $2.825-2.852), compared to the consensus revenue estimate of $2.87 billion.Hill-Rom Holdings also updated its Q1 guidance to $0.77-0.79 EPS.
Hill-Rom Holdings (NYSE:HRC) last announced its quarterly earnings results on Friday, November 3rd. The medical technology company reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.04. Hill-Rom Holdings had a net margin of 4.27% and a return on equity of 19.99%. The firm had revenue of $738.30 million during the quarter, compared to the consensus estimate of $731.10 million. During the same quarter last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hill-Rom Holdings from a hold rating to a buy rating and set a $90.00 price objective on the stock in a research report on Friday, October 27th. KeyCorp reissued a buy rating and issued a $82.00 price objective on shares of Hill-Rom Holdings in a research report on Tuesday, October 17th. BidaskClub raised shares of Hill-Rom Holdings from a sell rating to a hold rating in a research report on Sunday, August 6th. Stifel Nicolaus reissued a buy rating and issued a $84.00 price objective on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Finally, Cantor Fitzgerald set a $86.00 price objective on shares of Hill-Rom Holdings and gave the stock a hold rating in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Hill-Rom Holdings currently has an average rating of Buy and an average price target of $87.29.
In other news, SVP Andreas G. Frank sold 6,870 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $77.48, for a total transaction of $532,287.60. Following the transaction, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at $1,293,993.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Andreas G. Frank sold 3,940 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $77.84, for a total transaction of $306,689.60. Following the transaction, the senior vice president now directly owns 16,701 shares in the company, valued at $1,300,005.84. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
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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