KeyCorp Weighs in on Hill-Rom Holdings, Inc.’s FY2019 Earnings (HRC)
Hill-Rom Holdings, Inc. (NYSE:HRC) – Analysts at KeyCorp raised their FY2019 earnings estimates for Hill-Rom in a research note issued to investors on Wednesday. KeyCorp analyst M. Mishan now expects that the medical technology company will earn $5.08 per share for the year, up from their prior estimate of $4.70. KeyCorp currently has a “Buy” rating and a $97.00 target price on the stock.
HRC has been the subject of a number of other reports. Zacks Investment Research raised shares of Hill-Rom from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $105.00 price target (up from $90.00) on shares of Hill-Rom in a research report on Tuesday. Barclays reissued a “buy” rating and issued a $100.00 price target on shares of Hill-Rom in a research report on Wednesday, January 10th. Raymond James Financial raised shares of Hill-Rom from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research report on Wednesday, January 3rd. Finally, Morgan Stanley cut shares of Hill-Rom from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, January 2nd. They noted that the move was a valuation call. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.38.
Hill-Rom (NYSE:HRC) last issued its earnings results on Friday, November 3rd. The medical technology company reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $738.30 million during the quarter, compared to the consensus estimate of $731.10 million. Hill-Rom had a net margin of 4.87% and a return on equity of 20.27%. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.18 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.81%. Hill-Rom’s dividend payout ratio (DPR) is presently 36.18%.
In related news, CEO John J. Greisch sold 125,241 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $82.59, for a total value of $10,343,654.19. Following the completion of the sale, the chief executive officer now directly owns 280,851 shares of the company’s stock, valued at $23,195,484.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Paul Sherwood Johnson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $82.99, for a total transaction of $82,990.00. Following the completion of the sale, the senior vice president now directly owns 1,066 shares of the company’s stock, valued at $88,467.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 226,241 shares of company stock valued at $18,708,644. 2.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Seven Eight Capital LP purchased a new stake in shares of Hill-Rom in the second quarter valued at about $127,000. CAPROCK Group Inc. purchased a new stake in shares of Hill-Rom in the fourth quarter valued at about $211,000. Citigroup Inc. raised its holdings in shares of Hill-Rom by 21.1% in the second quarter. Citigroup Inc. now owns 2,483 shares of the medical technology company’s stock valued at $198,000 after buying an additional 433 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Hill-Rom by 101.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,720 shares of the medical technology company’s stock valued at $204,000 after buying an additional 1,367 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Hill-Rom in the third quarter valued at about $207,000. 81.92% of the stock is owned by institutional investors and hedge funds.
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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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