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HCA Holdings (HCA) Beats Q1 Earnings, Sales Estimates

HCA Holdings Inc. HCA, headquartered in Nashville, Tenn, operates a network of acute care hospitals, outpatient facilities, clinics and other patient care delivery settings. The company also owns and manages freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities.

Currently, HCA Holdings has a Zacks Rank #2 (Buy) but that could change following its first-quarter 2016 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:

Earnings: HCA Holdings posted adjusted earnings of $1.71 per share which surged by 26.7% on a year-over-year basis and beat the Zacks Consensus Estimate by 20 cents.

Sales: Revenues were $10.26 billion, up 6% from the year-ago quarter. Net sales also beat the Zacks Consensus Estimate of $10.17 billion.

Key Stats: As of March 31, 2016, HCA operated 168 hospitals and 116 freestanding surgery centers. The company repurchased 8.921 million shares of its common stock at a cost of $621 million during the quarter. At March 31, 2016, HCA had approximately $1.983 billion remaining under the existing $3 billion authorization.

Major Factors: Same facility equivalent admissions increased 3.1%, while same facility admissions increased 1.6% in the quarter. Same facility revenue per equivalent admission increased 2.2%.

Stock Price: Shares down more than 5% in early trading.

Check back later for our full write up on this HCA Holdings earnings report later!
 

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HCA HOLDINGS (HCA): Free Stock Analysis Report
 
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