FY2018 Earnings Forecast for HCA Holdings, Inc. Issued By Cantor Fitzgerald (HCA)
HCA Holdings, Inc. (NYSE:HCA) – Cantor Fitzgerald cut their FY2018 earnings per share estimates for shares of HCA Holdings in a report issued on Wednesday. Cantor Fitzgerald analyst J. France now anticipates that the company will post earnings per share of $7.60 for the year, down from their previous forecast of $8.00. Cantor Fitzgerald has a “Buy” rating and a $90.00 price objective on the stock.
HCA Holdings (NYSE:HCA) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.21. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.70 billion. During the same period last year, the company posted $1.45 EPS. The company’s revenue was up 4.1% on a year-over-year basis.
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HCA has been the topic of a number of other research reports. Piper Jaffray Companies restated a “buy” rating and set a $92.00 price target on shares of HCA Holdings in a report on Wednesday, October 4th. Jefferies Group LLC cut their price target on shares of HCA Holdings from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Wednesday. ValuEngine upgraded shares of HCA Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub lowered shares of HCA Holdings from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research lowered shares of HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $90.00.
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in HCA Holdings by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 19,718,250 shares of the company’s stock worth $1,719,431,000 after acquiring an additional 141,258 shares during the last quarter. Glenview Capital Management LLC boosted its stake in HCA Holdings by 2.6% during the 2nd quarter. Glenview Capital Management LLC now owns 14,899,289 shares of the company’s stock worth $1,299,218,000 after acquiring an additional 384,024 shares during the last quarter. Longview Partners Guernsey LTD boosted its stake in HCA Holdings by 22.6% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,135,155 shares of the company’s stock worth $886,247,000 after acquiring an additional 2,053,701 shares during the last quarter. LSV Asset Management boosted its stake in HCA Holdings by 5.5% during the 2nd quarter. LSV Asset Management now owns 3,907,939 shares of the company’s stock worth $340,772,000 after acquiring an additional 203,290 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in HCA Holdings by 141.4% during the 3rd quarter. APG Asset Management N.V. now owns 3,423,381 shares of the company’s stock worth $272,467,000 after acquiring an additional 2,005,193 shares during the last quarter. 74.65% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $79.87, for a total transaction of $171,720.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 6,450 shares of company stock worth $511,163 in the last three months. 2.90% of the stock is owned by insiders.
HCA Holdings declared that its board has authorized a stock repurchase program on Tuesday, October 31st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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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