HCA Healthcare (NYSE:HCA) Announces Quarterly Earnings Results, Beats Estimates By $0.57 EPS

HCA Healthcare (NYSE:HCA) released its quarterly earnings data on Tuesday. The company reported $7.22 EPS for the quarter, topping the consensus estimate of $6.65 by $0.57, FiscalAI reports. HCA Healthcare had a net margin of 8.77% and a negative return on equity of 244.79%. The company had revenue of $19.85 billion during the quarter, compared to the consensus estimate of $19.33 billion.

HCA Healthcare Trading Down 1.0%

HCA Healthcare stock opened at $464.45 on Tuesday. The firm’s 50 day simple moving average is $431.57 and its 200 day simple moving average is $445.15. The firm has a market capitalization of $100.55 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.10. HCA Healthcare has a 1-year low of $353.99 and a 1-year high of $556.52.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HCA. Barclays dropped their target price on HCA Healthcare from $402.00 to $387.00 and set an “equal weight” rating on the stock in a research report on Monday, July 27th. Robert W. Baird cut their price target on HCA Healthcare from $396.00 to $393.00 and set a “neutral” rating for the company in a report on Monday, July 27th. The Goldman Sachs Group reduced their price target on HCA Healthcare from $558.00 to $485.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Truist Financial decreased their price objective on HCA Healthcare from $535.00 to $495.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Finally, Leerink Partners restated an “outperform” rating and issued a $492.00 target price on shares of HCA Healthcare in a research note on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $467.50.

HCA Healthcare Company Profile

HCA Healthcare, Inc is a healthcare services company that operates hospitals, ambulatory surgery centers, emergency care facilities, physician practices and other healthcare sites. Its facilities provide a broad range of services, including acute and emergency care, surgery, cardiology, oncology, women’s and children’s services, behavioral health and outpatient care.

The company serves patients primarily across the United States through a network of healthcare facilities in numerous states.