HCA Holdings, Inc. (NYSE:HCA) – Equities research analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for shares of HCA Holdings in a research report issued on Tuesday. Jefferies Group analyst B. Tanquilut now forecasts that the company will post earnings of $7.20 per share for the year, down from their previous forecast of $7.46. Jefferies Group currently has a “Buy” rating and a $88.00 target price on the stock.
HCA Holdings (NYSE:HCA) last announced its quarterly earnings data on Tuesday, October 31st. The company reported $1.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.21. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.70 billion. HCA Holdings had a net margin of 6.13% and a negative return on equity of 47.16%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share.
HCA has been the subject of a number of other research reports. Robert W. Baird reiterated a “buy” rating on shares of HCA Holdings in a report on Thursday, September 28th. Zacks Investment Research cut HCA Holdings from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Piper Jaffray Companies reiterated a “buy” rating and issued a $92.00 target price on shares of HCA Holdings in a report on Wednesday, October 4th. Cantor Fitzgerald reiterated a “buy” rating and issued a $95.00 target price on shares of HCA Holdings in a report on Friday, October 13th. Finally, Raymond James Financial, Inc. cut HCA Holdings from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, October 18th. 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. HCA Holdings currently has a consensus rating of “Buy” and an average target price of $90.24.
Shares of HCA Holdings (NYSE:HCA) traded down $0.40 during mid-day trading on Thursday, hitting $76.43. 2,124,505 shares of the stock were exchanged, compared to its average volume of 3,379,025. The firm has a market cap of $27.61 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 1.11 and a beta of 0.50. The company has a debt-to-equity ratio of -6.46, a current ratio of 1.68 and a quick ratio of 1.35.
HCA Holdings declared that its board has approved a stock buyback program on Tuesday, October 31st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.
In other HCA Holdings news, insider Michael S. Cuffe sold 2,150 shares of HCA Holdings stock in a transaction 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 completion of the sale, the insider now directly owns 12,363 shares of the company’s stock, valued at approximately $987,556.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 6,450 shares of company stock valued at $511,163. 2.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its position in HCA Holdings by 14.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,163 shares of the company’s stock valued at $101,000 after purchasing an additional 143 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of 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 worth $107,000 after acquiring an additional 320 shares in the last quarter. Atlantic Trust LLC bought a new position in shares of HCA Holdings in the 2nd quarter worth $118,000. Lee Financial Co bought a new position in shares of HCA Holdings in the 2nd quarter worth $125,000. Finally, Acrospire Investment Management LLC raised its position in shares of HCA Holdings by 14.3% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the company’s stock worth $140,000 after acquiring an additional 200 shares in the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.
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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