Hill-Rom Holdings Inc (HRC) Announces Earnings Results, Beats Expectations By $0.05 EPS
Hill-Rom Holdings Inc (NYSE:HRC) posted its quarterly earnings data on Friday. The medical technology company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.05, Bloomberg Earnings reports. The business had revenue of $738.30 million during the quarter, compared to the consensus estimate of $731.10 million. Hill-Rom Holdings had a return on equity of 19.99% and a net margin of 4.27%. Hill-Rom Holdings’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. Hill-Rom Holdings updated its Q1 guidance to $0.77-0.79 EPS and its FY18 guidance to $4.22-4.30 EPS.
Hill-Rom Holdings (NYSE:HRC) traded down $2.50 on Friday, hitting $77.50. 1,219,951 shares of the stock were exchanged, compared to its average volume of 446,033. The stock has a market capitalization of $5,104.46, a PE ratio of 20.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.33 and a current ratio of 1.76.
A number of brokerages have weighed in on HRC. BidaskClub downgraded Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research downgraded Hill-Rom Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $84.00 price target on shares of Hill-Rom Holdings in a research report on Sunday, July 30th. Cantor Fitzgerald set a $86.00 price target on shares of Hill-Rom Holdings and gave the company a “hold” rating in a research report on Friday, July 28th. Finally, KeyCorp reissued a “buy” rating and set a $82.00 target price on shares of Hill-Rom Holdings in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hill-Rom Holdings has an average rating of “Buy” and an average price target of $87.29.
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In other news, SVP Andreas G. Frank sold 3,940 shares of Hill-Rom Holdings stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $77.84, for a total transaction of $306,689.60. Following the completion of the sale, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at approximately $1,300,005.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andreas G. Frank sold 6,870 shares of Hill-Rom Holdings stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $77.48, for a total transaction of $532,287.60. Following the sale, the senior vice president now directly owns 16,701 shares of the company’s stock, valued at $1,293,993.48. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.
Hill-Rom Holdings Company Profile
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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