HCA Holdings Inc (HCA) Releases Earnings Results, Beats Expectations By $0.22 EPS

HCA Holdings Inc (HCA) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $1.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.22. Analysts had a consensus of $1.49. The company posted revenue of $10260.00 million in the period, compared to analysts expectations of $10253.84 million. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS.

Many Wall Street Analysts have commented on HCA Holdings Inc. Company shares were Upgraded by JP Morgan on Mar 14, 2016 to ” Overweight”, Firm has raised the Price Target to $ 85 from a previous price target of $76 .

HCA Holdings Inc opened for trading at $80.6 and hit $81.24 on the upside on Monday, eventually ending the session at $81.21, with a gain of 0.73% or 0.59 points. The heightened volatility saw the trading volume jump to 35,98,367 shares. Company has a market cap of $32,237 M.

In a different news, on Apr 29, 2016, Jonathan B Perlin (Pres-Clinical Services & CMO) sold 30,000 shares at $82.00 per share price. According to the SEC, on Apr 29, 2016, John M Steele (SVP – Human Resources) sold 40,004 shares at $82.50 per share price. On Apr 27, 2016, Michael S. Cuffe (President-Physician Services) sold 2,575 shares at $80.73 per share price, according to the Form-4 filing with the securities and exchange commission.

HCA Holdings Inc. is a holding company. The Company is a health care services company. The Company owns manages or operates hospitals freestanding surgery centers diagnostic and imaging centers radiation and oncology therapy centers rehabilitation and physical therapy centers and various other facilities. The Company’s general acute care hospitals provide a range of services to accommodate medical specialties such as internal medicine general surgery cardiology oncology neurosurgery orthopedics and obstetrics as well as diagnostic and emergency services. The general acute care hospitals also provide outpatient services such as outpatient surgery laboratory radiology respiratory therapy cardiology and physical therapy. Outpatient and ancillary health care services are provided by the Company’s general acute care hospitals freestanding surgery centers freestanding emergency care facilities diagnostic centers and rehabilitation facilities.

HCA Holdings Inc

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