Hill-Rom (NYSE:HRC) posted its quarterly earnings data on Friday. The medical technology company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13, Bloomberg Earnings reports. The company had revenue of $669.70 million during the quarter, compared to analysts’ expectations of $670.00 million. Hill-Rom had a net margin of 4.87% and a return on equity of 20.27%. The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. Hill-Rom updated its Q2 guidance to $1.00-1.02 EPS and its FY18 guidance to $4.57-4.65 EPS.
Hill-Rom (NYSE:HRC) opened at $89.00 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.34 and a current ratio of 1.77. Hill-Rom has a 12-month low of $57.18 and a 12-month high of $91.11. The company has a market cap of $5,947.97, a PE ratio of 44.72, a PEG ratio of 1.59 and a beta of 1.19.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 0.81%. Hill-Rom’s payout ratio is 36.18%.
In other news, CEO John J. Greisch sold 100,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $82.82, for a total transaction of $8,282,000.00. Following the transaction, the chief executive officer now owns 230,851 shares of the company’s stock, valued at $19,119,079.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John J. Greisch sold 125,241 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $82.59, for a total transaction of $10,343,654.19. Following the transaction, the chief executive officer now directly owns 280,851 shares in the company, valued at approximately $23,195,484.09. The disclosure for this sale can be found here. Insiders have sold 226,241 shares of company stock worth $18,708,644 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Hill-Rom by 2.7% during the second quarter. State Street Corp now owns 1,681,107 shares of the medical technology company’s stock worth $133,831,000 after acquiring an additional 43,645 shares during the period. Principal Financial Group Inc. raised its stake in Hill-Rom by 8.5% during the third quarter. Principal Financial Group Inc. now owns 283,290 shares of the medical technology company’s stock worth $20,963,000 after acquiring an additional 22,188 shares during the period. Fred Alger Management Inc. raised its stake in Hill-Rom by 163.3% during the second quarter. Fred Alger Management Inc. now owns 9,217 shares of the medical technology company’s stock worth $734,000 after acquiring an additional 5,717 shares during the period. Magnetar Financial LLC raised its stake in Hill-Rom by 24.4% during the third quarter. Magnetar Financial LLC now owns 17,458 shares of the medical technology company’s stock worth $1,292,000 after acquiring an additional 3,421 shares during the period. Finally, Rhumbline Advisers raised its stake in Hill-Rom by 10.1% during the third quarter. Rhumbline Advisers now owns 141,115 shares of the medical technology company’s stock worth $10,443,000 after acquiring an additional 12,976 shares during the period. Hedge funds and other institutional investors own 82.00% of the company’s stock.
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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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