Oppenheimer Holdings Brokers Cut Earnings Estimates for HCA Holdings, Inc. (HCA)
HCA Holdings, Inc. (NYSE:HCA) – Analysts at Oppenheimer Holdings decreased their Q1 2018 earnings per share estimates for shares of HCA Holdings in a report issued on Tuesday. Oppenheimer Holdings analyst M. Wiederhorn now expects that the company will post earnings of $1.70 per share for the quarter, down from their prior forecast of $1.72. Oppenheimer Holdings has a “Buy” rating and a $90.00 price objective on the stock. Oppenheimer Holdings also issued estimates for HCA Holdings’ Q2 2018 earnings at $1.76 EPS, Q3 2018 earnings at $1.63 EPS, Q4 2018 earnings at $1.99 EPS and FY2018 earnings at $7.08 EPS.
Several other equities analysts have also recently issued reports on the company. ValuEngine cut HCA Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Zacks Investment Research cut HCA Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. KeyCorp restated a “buy” rating and issued a $95.00 price target on shares of HCA Holdings in a research report on Thursday, September 7th. BidaskClub cut HCA Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Bank of America Corporation cut HCA Holdings from a “buy” rating to a “neutral” rating and dropped their price target for the company from $102.00 to $92.00 in a research report on Wednesday, July 26th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.24.
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HCA Holdings (NYSE:HCA) last issued its earnings results on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, hitting analysts’ consensus estimates of $1.21. HCA Holdings had a negative return on equity of 47.16% and a net margin of 6.13%. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.70 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The company’s revenue was up 4.1% compared to the same quarter last year.
Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its stake in HCA Holdings by 14.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock valued at $101,000 after buying an additional 143 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in HCA Holdings by 35.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,232 shares of the company’s stock valued at $107,000 after buying an additional 320 shares in the last quarter. Atlantic Trust LLC purchased a new stake in HCA Holdings in the 2nd quarter valued at approximately $118,000. Lee Financial Co purchased a new stake in HCA Holdings in the 2nd quarter valued at approximately $125,000. Finally, Acrospire Investment Management LLC lifted its stake in HCA Holdings by 14.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock valued at $140,000 after buying an additional 200 shares in the last quarter. 74.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Michael S. Cuffe sold 2,150 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $79.88, for a total transaction of $171,742.00. Following the sale, the insider now owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,450 shares of company stock worth $511,163 in the last three months. Corporate insiders own 2.90% of the company’s stock.
HCA Holdings announced that its board has initiated a share repurchase plan on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.
About HCA Holdings
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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