Halyard Health Inc (HYH) Expected to Announce Earnings of $0.49 Per Share

Wall Street analysts predict that Halyard Health Inc (NYSE:HYH) will report $0.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Halyard Health’s earnings, with the highest EPS estimate coming in at $0.51 and the lowest estimate coming in at $0.47. Halyard Health reported earnings per share of $0.50 in the same quarter last year, which suggests a negative year-over-year growth rate of 2%. The company is expected to announce its next quarterly earnings report on Monday, February 26th.

According to Zacks, analysts expect that Halyard Health will report full-year earnings of $2.08 per share for the current year, with EPS estimates ranging from $2.06 to $2.09. For the next financial year, analysts expect that the company will post earnings of $2.14 per share, with EPS estimates ranging from $2.01 to $2.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Halyard Health.

Halyard Health (NYSE:HYH) last released its quarterly earnings data on Wednesday, November 1st. The medical instruments supplier reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.13. Halyard Health had a return on equity of 8.65% and a net margin of 3.52%. The firm had revenue of $401.40 million for the quarter, compared to the consensus estimate of $394.54 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis.

Several research firms have recently weighed in on HYH. Zacks Investment Research raised Halyard Health from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, January 4th. ValuEngine upgraded Halyard Health from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. TheStreet upgraded Halyard Health from a “c+” rating to a “b” rating in a research note on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and issued a $52.00 target price on shares of Halyard Health in a research note on Friday, November 3rd. Finally, KeyCorp reiterated a “hold” rating on shares of Halyard Health in a report on Tuesday, October 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Halyard Health currently has an average rating of “Buy” and a consensus price target of $49.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in shares of Halyard Health by 88.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,197 shares of the medical instruments supplier’s stock worth $126,000 after acquiring an additional 1,497 shares during the period. Jarislowsky Fraser Ltd bought a new position in shares of Halyard Health during the 3rd quarter worth approximately $200,000. Quotient Investors LLC bought a new position in shares of Halyard Health during the 3rd quarter worth approximately $203,000. Jane Street Group LLC bought a new position in shares of Halyard Health during the 3rd quarter worth approximately $211,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Halyard Health by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,732 shares of the medical instruments supplier’s stock worth $186,000 after acquiring an additional 711 shares during the period. Institutional investors own 89.70% of the company’s stock.

Shares of Halyard Health (HYH) traded down $0.47 during trading on Monday, reaching $47.83. The company’s stock had a trading volume of 565,566 shares, compared to its average volume of 270,081. The company has a market capitalization of $2,260.00, a PE ratio of 40.19, a P/E/G ratio of 2.56 and a beta of 1.76. The company has a quick ratio of 1.19, a current ratio of 2.13 and a debt-to-equity ratio of 0.49. Halyard Health has a 52-week low of $35.24 and a 52-week high of $50.99.

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About Halyard Health

Halyard Health, Inc is a medical technology company. The Company operates through two segments: Medical Devices and Surgical and Infection Prevention (S&IP). The Medical Devices segment provides a portfolio of product offerings focused on pain management, respiratory and digestive health. The S&IP segment provides healthcare supplies and solutions that target the prevention of healthcare-associated infections.

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