Zacks: Brokerages Expect HCA Holdings, Inc. (HCA) Will Announce Quarterly Sales of $10.71 Billion

Brokerages expect HCA Holdings, Inc. (NYSE:HCA) to report $10.71 billion in sales for the current quarter, Zacks reports. Nine analysts have issued estimates for HCA Holdings’ earnings. The highest sales estimate is $10.86 billion and the lowest is $10.60 billion. HCA Holdings posted sales of $10.27 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.3%. The firm is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that HCA Holdings will report full year sales of $10.71 billion for the current year, with estimates ranging from $42.93 billion to $43.72 billion. For the next financial year, analysts anticipate that the firm will report sales of $45.63 billion per share, with estimates ranging from $45.13 billion to $46.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for HCA Holdings.

HCA Holdings (NYSE:HCA) last announced its earnings results on Tuesday, July 25th. The company reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by $0.05. HCA Holdings had a net margin of 6.64% and a negative return on equity of 48.08%. The business had revenue of $10.73 billion during the quarter, compared to analyst estimates of $10.76 billion. During the same period in the previous year, the company earned $1.66 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis.

A number of analysts have commented on the company. Zacks Investment Research downgraded HCA Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub downgraded HCA Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Citigroup Inc. reduced their price objective on HCA Holdings from $89.00 to $87.00 and set a “neutral” rating for the company in a research report on Wednesday, July 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $88.00 price objective (down previously from $90.00) on shares of HCA Holdings in a research report on Wednesday, July 26th. Finally, Bank of America Corporation downgraded HCA Holdings from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $102.00 to $92.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $92.88.

HCA Holdings (HCA) opened at 77.05 on Monday. HCA Holdings has a 12 month low of $67.00 and a 12 month high of $91.03. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 10.33 and a beta of 0.67. The firm has a 50 day moving average price of $79.21 and a 200-day moving average price of $83.78.

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In related news, insider Michael S. Cuffe sold 2,150 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $86.44, for a total transaction of $185,846.00. Following the completion of the sale, the insider now directly owns 12,363 shares of the company’s stock, valued at approximately $1,068,657.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jonathan B. Perlin sold 71,063 shares of the firm’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $86.00, for a total value of $6,111,418.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,513 shares of company stock valued at $6,651,455 in the last 90 days. 2.90% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HCA. BlackRock Inc. increased its holdings in HCA Holdings by 2,549.4% during the 1st quarter. BlackRock Inc. now owns 20,099,811 shares of the company’s stock valued at $1,788,682,000 after purchasing an additional 19,341,168 shares in the last quarter. FMR LLC increased its holdings in HCA Holdings by 15.8% during the 1st quarter. FMR LLC now owns 7,763,884 shares of the company’s stock valued at $690,908,000 after purchasing an additional 1,059,925 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in HCA Holdings by 9,568.4% during the 2nd quarter. Harbour Capital Advisors LLC now owns 915,600 shares of the company’s stock valued at $10,500,000 after purchasing an additional 906,130 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in HCA Holdings by 1,229.5% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 775,914 shares of the company’s stock valued at $59,753,000 after purchasing an additional 717,551 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in HCA Holdings by 94.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,310,528 shares of the company’s stock valued at $114,278,000 after purchasing an additional 637,944 shares in the last quarter. 73.77% of the stock is owned by hedge funds and other institutional investors.

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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