HCA Holdings, Inc. (HCA) Expected to Announce Quarterly Sales of $10.71 Billion
Wall Street analysts predict that HCA Holdings, Inc. (NYSE:HCA) will post sales of $10.71 billion for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for HCA Holdings’ earnings. The highest sales estimate is $10.86 billion and the lowest is $10.60 billion. HCA Holdings posted sales of $10.27 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The business is scheduled to report its next quarterly earnings results on Thursday, October 26th.
According to Zacks, analysts expect that HCA Holdings will report full year sales of $10.71 billion for the current financial year, with estimates ranging from $42.93 billion to $43.72 billion. For the next fiscal year, analysts forecast that the company will post sales of $45.64 billion per share, with estimates ranging from $45.13 billion to $46.34 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for HCA Holdings.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by $0.05. The firm had revenue of $10.73 billion during the quarter, compared to analysts’ expectations of $10.76 billion. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS.
Several analysts recently weighed in on HCA shares. Zacks Investment Research downgraded shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Cantor Fitzgerald reissued a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a research report on Monday, April 17th. Morgan Stanley assumed coverage on shares of HCA Holdings in a research report on Tuesday, June 6th. They issued an “equal weight” rating and a $90.00 price target for the company. BidaskClub raised shares of HCA Holdings from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Leerink Swann raised shares of HCA Holdings from a “market perform” rating to an “outperform” rating and raised their price target for the company from $92.00 to $100.00 in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. HCA Holdings currently has an average rating of “Buy” and a consensus price target of $93.50.
Shares of HCA Holdings (NYSE HCA) opened at 78.87 on Friday. HCA Holdings has a one year low of $67.00 and a one year high of $91.03. The company has a 50 day moving average price of $84.93 and a 200-day moving average price of $84.50. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 10.57 and a beta of 0.67.
In other news, SVP Jana Joustra Davis sold 8,302 shares of HCA Holdings stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $85.02, for a total transaction of $705,836.04. Following the completion of the sale, the senior vice president now directly owns 36,589 shares of the company’s stock, valued at approximately $3,110,796.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan B. Perlin sold 71,063 shares of HCA Holdings stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $86.00, for a total transaction of $6,111,418.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 151,424 shares of company stock valued at $12,787,290. Corporate insiders own 2.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HCA. Lee Financial Co bought a new stake in shares of HCA Holdings during the second quarter worth $125,000. IFP Advisors Inc boosted its stake in shares of HCA Holdings by 9.4% in the first quarter. IFP Advisors Inc now owns 1,605 shares of the company’s stock worth $143,000 after buying an additional 138 shares during the period. Global X Management Co. LLC boosted its stake in shares of HCA Holdings by 29.9% in the first quarter. Global X Management Co. LLC now owns 2,162 shares of the company’s stock worth $192,000 after buying an additional 498 shares during the period. Peak Asset Management LLC bought a new stake in shares of HCA Holdings during the first quarter worth $201,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of HCA Holdings during the first quarter worth $210,000. 74.42% of the stock is owned by institutional investors and hedge funds.
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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