Analysts Expect Hospital Co. of America (HCA) Will Post Quarterly Sales of $11.31 Billion

Equities research analysts expect that Hospital Co. of America (NYSE:HCA) will announce sales of $11.31 billion for the current fiscal quarter, according to Zacks. Twelve analysts have provided estimates for Hospital Co. of America’s earnings, with estimates ranging from $11.15 billion to $11.45 billion. Hospital Co. of America reported sales of $10.73 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The firm is expected to report its next quarterly earnings results on Tuesday, July 24th.

On average, analysts expect that Hospital Co. of America will report full year sales of $45.76 billion for the current fiscal year, with estimates ranging from $45.59 billion to $45.97 billion. For the next fiscal year, analysts anticipate that the business will post sales of $47.74 billion per share, with estimates ranging from $47.38 billion to $48.32 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Hospital Co. of America.

Hospital Co. of America (NYSE:HCA) last released its earnings results on Tuesday, May 1st. The company reported $2.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.26. The company had revenue of $11.42 billion for the quarter, compared to analysts’ expectations of $11.29 billion. Hospital Co. of America had a negative return on equity of 55.50% and a net margin of 5.96%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.74 EPS.

Several equities research analysts recently commented on the company. Piper Jaffray reissued a “hold” rating and issued a $101.00 price target on shares of Hospital Co. of America in a research note on Tuesday, January 30th. BMO Capital Markets boosted their price target on Hospital Co. of America from $96.00 to $115.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. They noted that the move was a valuation call. Sanford C. Bernstein reissued a “market perform” rating and issued a $116.00 price target (up previously from $105.00) on shares of Hospital Co. of America in a research note on Thursday, February 1st. William Blair reissued a “hold” rating on shares of Hospital Co. of America in a research note on Wednesday, January 24th. Finally, Leerink Swann boosted their price target on Hospital Co. of America from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. Hospital Co. of America currently has a consensus rating of “Hold” and a consensus target price of $105.95.

In other news, insider Charles J. Hall sold 49,882 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $101.29, for a total transaction of $5,052,547.78. Following the completion of the transaction, the insider now directly owns 62,048 shares in the company, valued at $6,284,841.92. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Thomas F. Frist, Jr. purchased 28,650 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average price of $101.07 per share, with a total value of $2,895,655.50. Following the completion of the acquisition, the insider now owns 389,855 shares of the company’s stock, valued at $39,402,644.85. The disclosure for this purchase can be found here. 2.80% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of HCA. Magellan Asset Management Ltd lifted its holdings in shares of Hospital Co. of America by 39.1% during the fourth quarter. Magellan Asset Management Ltd now owns 16,660,349 shares of the company’s stock worth $1,463,445,000 after buying an additional 4,681,672 shares during the last quarter. Lyrical Asset Management LP acquired a new position in shares of Hospital Co. of America during the fourth quarter worth approximately $324,051,000. Longview Partners Guernsey LTD lifted its holdings in shares of Hospital Co. of America by 8.0% during the fourth quarter. Longview Partners Guernsey LTD now owns 12,022,516 shares of the company’s stock worth $1,056,058,000 after buying an additional 887,361 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Hospital Co. of America by 167.7% during the fourth quarter. Schroder Investment Management Group now owns 1,213,240 shares of the company’s stock worth $106,572,000 after buying an additional 760,099 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Hospital Co. of America by 2.0% during the fourth quarter. BlackRock Inc. now owns 22,002,879 shares of the company’s stock worth $1,932,733,000 after buying an additional 433,283 shares during the last quarter. Institutional investors own 72.52% of the company’s stock.

Shares of Hospital Co. of America traded down $0.27, hitting $102.83, during trading hours on Wednesday, according to Marketbeat Ratings. The stock had a trading volume of 1,214,131 shares, compared to its average volume of 2,139,368. The stock has a market cap of $36.01 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.01 and a beta of 0.48. Hospital Co. of America has a 52 week low of $71.18 and a 52 week high of $106.84. The company has a debt-to-equity ratio of -7.13, a quick ratio of 1.17 and a current ratio of 1.39.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.36%. Hospital Co. of America’s dividend payout ratio (DPR) is currently 21.24%.

About Hospital Co. of America

HCA Healthcare, Inc, through its subsidiaries, provides health care services. The company operates general, acute care hospitals that offer medical and surgical services, including inpatient care, intensive care, cardiac care, diagnostic, and emergency services; and outpatient services, such as outpatient surgery, laboratory, radiology, respiratory therapy, cardiology, and physical therapy services.

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Earnings History and Estimates for Hospital Co. of America (NYSE:HCA)

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