Zacks: Brokerages Anticipate HCA Holdings, Inc. (HCA) to Post $1.88 EPS
Wall Street analysts expect that HCA Holdings, Inc. (NYSE:HCA) will report earnings per share of $1.88 for the current quarter, Zacks reports. Nine analysts have provided estimates for HCA Holdings’ earnings. The lowest EPS estimate is $1.80 and the highest is $2.09. HCA Holdings posted earnings of $1.89 per share in the same quarter last year, which indicates a negative year over year growth rate of 0.5%. The business is expected to issue its next earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that HCA Holdings will report full year earnings of $6.55 per share for the current year, with EPS estimates ranging from $6.49 to $6.64. For the next year, analysts forecast that the business will report earnings of $7.22 per share, with EPS estimates ranging from $6.58 to $7.96. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow HCA Holdings.
HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter in the prior year, the company earned $1.45 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year.
Several analysts have recently weighed in on the company. Piper Jaffray Companies restated a “buy” rating and issued a $92.00 price objective on shares of HCA Holdings in a report on Wednesday, October 4th. Jefferies Group LLC cut their price objective on HCA Holdings from $90.00 to $88.00 and set a “buy” rating for the company in a report on Wednesday. ValuEngine upgraded HCA Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered HCA Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research downgraded HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. HCA Holdings has a consensus rating of “Buy” and a consensus target price of $90.24.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of the company’s stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $78.00, for a total value of $167,700.00. Following the transaction, the insider now directly owns 12,476 shares of the company’s stock, valued at approximately $973,128. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 6,450 shares of company stock worth $511,163. Insiders own 2.90% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HCA. Dimensional Fund Advisors LP increased its holdings in shares of HCA Holdings by 2.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 518,454 shares of the company’s stock valued at $46,138,000 after acquiring an additional 10,371 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of HCA Holdings during the 1st quarter valued at about $214,000. KAMES CAPITAL plc increased its holdings in shares of HCA Holdings by 15.3% during the 2nd quarter. KAMES CAPITAL plc now owns 15,531 shares of the company’s stock valued at $1,354,000 after acquiring an additional 2,064 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of HCA Holdings by 4.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 51,139 shares of the company’s stock valued at $4,459,000 after acquiring an additional 1,997 shares during the last quarter. Finally, Farmers Trust Co. acquired a new position in shares of HCA Holdings during the 2nd quarter valued at about $3,808,000. 74.65% of the stock is currently owned by institutional investors and hedge funds.
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Shares of HCA Holdings (NYSE:HCA) remained flat at $$76.43 during trading hours on Friday. 2,124,505 shares of the company were exchanged, compared to its average volume of 3,379,025. The company has a debt-to-equity ratio of -6.46, a quick ratio of 1.35 and a current ratio of 1.68. The stock has a market cap of $27,610.34, a P/E ratio of 11.60, a P/E/G ratio of 1.11 and a beta of 0.50. HCA Holdings has a fifty-two week low of $67.00 and a fifty-two week high of $91.03.
HCA Holdings declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 31st that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
About HCA Holdings
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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