HCA Holdings, Inc. Forecasted to Post Q3 2017 Earnings of $1.51 Per Share (HCA)
HCA Holdings, Inc. (NYSE:HCA) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings per share (EPS) estimates for shares of HCA Holdings in a note issued to investors on Friday. Jefferies Group analyst B. Tanquilut now forecasts that the company will post earnings per share of $1.51 for the quarter, down from their prior forecast of $1.63. Jefferies Group has a “Buy” rating and a $92.00 price objective on the stock. Jefferies Group also issued estimates for HCA Holdings’ Q4 2017 earnings at $2.06 EPS, FY2017 earnings at $7.05 EPS and FY2018 earnings at $7.70 EPS.
HCA Holdings (NYSE:HCA) last released its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.05). The firm had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.76 billion. HCA Holdings had a negative return on equity of 48.08% and a net margin of 6.64%. HCA Holdings’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $1.66 EPS. WARNING: “HCA Holdings, Inc. Forecasted to Post Q3 2017 Earnings of $1.51 Per Share (HCA)” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.watchlistnews.com/hca-holdings-inc-forecasted-to-post-q3-2017-earnings-of-1-51-per-share-hca/1635450.html.
Other equities research analysts also recently issued reports about the stock. Argus decreased their price target on shares of HCA Holdings from $100.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, August 14th. Zacks Investment Research raised shares of HCA Holdings from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Thursday, July 13th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a research note on Wednesday, September 6th. KeyCorp reaffirmed a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a research note on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of HCA Holdings in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company’s stock. HCA Holdings has a consensus rating of “Buy” and a consensus target price of $92.94.
HCA Holdings (HCA) opened at 75.19 on Monday. The company has a market cap of $27.16 billion, a PE ratio of 10.08 and a beta of 0.62. The firm’s 50-day moving average price is $77.65 and its 200-day moving average price is $82.18. HCA Holdings has a 12-month low of $67.00 and a 12-month high of $91.03.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in HCA Holdings by 2,549.4% during the first quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock worth $1,788,682,000 after purchasing an additional 19,341,168 shares during the last quarter. Vanguard Group Inc. boosted its holdings in HCA Holdings by 0.7% during the second quarter. Vanguard Group Inc. now owns 19,718,250 shares of the company’s stock worth $1,719,431,000 after purchasing an additional 141,258 shares during the last quarter. Glenview Capital Management LLC boosted its holdings in HCA Holdings by 2.6% during the second quarter. Glenview Capital Management LLC now owns 14,899,289 shares of the company’s stock worth $1,299,218,000 after purchasing an additional 384,024 shares during the last quarter. State Street Corp boosted its holdings in HCA Holdings by 2.2% during the first quarter. State Street Corp now owns 13,217,212 shares of the company’s stock worth $1,176,199,000 after purchasing an additional 290,636 shares during the last quarter. Finally, Longview Partners Guernsey LTD boosted its holdings in HCA Holdings by 4.8% during the second quarter. Longview Partners Guernsey LTD now owns 9,081,454 shares of the company’s stock worth $791,903,000 after purchasing an additional 414,598 shares during the last quarter. Institutional investors and hedge funds own 73.76% of the company’s stock.
In related news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.90% of the company’s stock.
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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