Hill-Rom Holdings Inc (HRC) Posts Earnings Results, Beats Expectations By $0.01 EPS
Hill-Rom Holdings Inc (NYSE:HRC) issued its quarterly earnings results on Friday. The medical technology company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.01, Bloomberg Earnings reports. The business had revenue of $689.10 million during the quarter, compared to analyst estimates of $695.50 million. Hill-Rom Holdings had a net margin of 5.80% and a return on equity of 19.77%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 earnings per share. Hill-Rom Holdings updated its Q4 guidance to $1.26-1.30 EPS.
Hill-Rom Holdings (NYSE HRC) traded down 6.22% during mid-day trading on Friday, reaching $74.74. 2,063,064 shares of the company’s stock traded hands. Hill-Rom Holdings has a 12 month low of $50.50 and a 12 month high of $84.65. The firm’s 50-day moving average price is $80.79 and its 200 day moving average price is $71.74. The stock has a market capitalization of $5.06 billion, a PE ratio of 43.55 and a beta of 1.23.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.96%. Hill-Rom Holdings’s dividend payout ratio (DPR) is presently 41.62%.
In other news, SVP Andreas G. Frank sold 10,660 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $78.62, for a total value of $838,089.20. Following the completion of the sale, the senior vice president now directly owns 28,988 shares of the company’s stock, valued at $2,279,036.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul Sherwood Johnson sold 2,078 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $72.30, for a total value of $150,239.40. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Hill-Rom Holdings by 17.5% in the first quarter. Vanguard Group Inc. now owns 5,737,481 shares of the medical technology company’s stock valued at $405,066,000 after buying an additional 853,385 shares in the last quarter. BlackRock Inc. raised its position in shares of Hill-Rom Holdings by 13,535.4% in the first quarter. BlackRock Inc. now owns 5,067,064 shares of the medical technology company’s stock worth $357,736,000 after buying an additional 5,029,903 shares during the last quarter. State Street Corp raised its position in shares of Hill-Rom Holdings by 3.4% in the first quarter. State Street Corp now owns 1,637,462 shares of the medical technology company’s stock worth $115,603,000 after buying an additional 53,082 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Hill-Rom Holdings by 15.6% in the first quarter. Neuberger Berman Group LLC now owns 1,480,242 shares of the medical technology company’s stock worth $104,505,000 after buying an additional 199,901 shares during the last quarter. Finally, Bank of Montreal Can raised its position in shares of Hill-Rom Holdings by 2.1% in the second quarter. Bank of Montreal Can now owns 1,007,525 shares of the medical technology company’s stock worth $80,206,000 after buying an additional 20,495 shares during the last quarter. 83.81% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on HRC. Zacks Investment Research upgraded shares of Hill-Rom Holdings from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Monday, April 3rd. Cantor Fitzgerald set a $86.00 price target on shares of Hill-Rom Holdings and gave the stock a “hold” rating in a research note on Friday. BidaskClub lowered shares of Hill-Rom Holdings from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Morgan Stanley lifted their price target on shares of Hill-Rom Holdings from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Friday, June 30th. Finally, Barclays PLC lifted their price target on shares of Hill-Rom Holdings from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $88.17.
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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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