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HCA Healthcare : 3Q Profit, Revenue Rise

10/26/2020 | 07:08am EDT

By Dave Sebastian

HCA Healthcare Inc., one of the nation's largest hospital chains, said its third-quarter profit and sales rose as the company passed the initial months of the coronavirus pandemic and gained experience managing its operations during the crisis.

The Nashville-based company on Monday posted net income of $668 million, or $1.95 a share, for the September quarter compared with $612 million, or $1.76 a share, in the comparable period last year. Analysts polled by FactSet were expecting $2.61 a share. The company earlier this month said it expected income before income taxes of about $950 million.

Revenue rose 4.9% to $13.11 billion from $12.69 billion, in line with the company's expectations. Analysts were looking for $12.9 billion.

The results include a reversal of $822 million, or $1.72 a share, in stimulus income from Coronavirus Aid, Relief, and Economic Security Act funds.

The company earlier this month said it would pay back about $6 billion in federal pandemic relief, the latest indicator of the $1 trillion hospital sector's rebound from the Covid-19 pandemic's effects caused by suspended surgeries and widespread lockdowns. It said it would return the roughly $1.6 billion it received in direct relief from the government and repay its relief loans totaling $4.4 billion ahead of schedule.

For the quarter, HCA said same-facility admissions and equivalent admission fell 3.8% and 9%, respectively. Same-facility emergency-room visits fell 20%. Same-facility inpatient surgeries fell 6.8%, while same-facility outpatient surgeries declined 6.3%. Same-facility revenue per equivalent admission rose 15% due to increase in acuity of patients treated and the payer mix during the quarter, the company said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

10-26-20 0807ET

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Financials (USD)
Sales 2021 55 261 M - -
Net income 2021 4 728 M - -
Net Debt 2021 33 346 M - -
P/E ratio 2021 14,9x
Yield 2021 0,89%
Capitalization 69 996 M 69 996 M -
EV / Sales 2021 1,87x
EV / Sales 2022 1,76x
Nbr of Employees 235 000
Free-Float 78,7%
Duration : Period :
HCA Healthcare, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends HCA HEALTHCARE, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 219,35 $
Last Close Price 211,69 $
Spread / Highest target 16,7%
Spread / Average Target 3,62%
Spread / Lowest Target -29,1%
EPS Revisions
Managers and Directors
Samuel N. Hazen President, CEO, Chief Operating Officer & Director
William B. Rutherford CFO, Chief Accounting Officer & Executive VP
Thomas Fearn Frist Chairman
Jonathan B. Perlin Chief Medical Officer
P. Martin Paslick Chief Information Officer & Senior Vice President
Sector and Competitors