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Tuesday, July 25, 2017

Repeal & Replace Uncertainty Weighing Down Hospital Stocks

Hospital Operators Sink Amid Healthcare Confusion--But HCA Stays Ready for More Deals

(from TheStreet)

HCA Healthcare Inc. (HCA) sunk 3.62% to $82.96 per share in early afternoon trading Tuesday, July 25 after reporting lower than expected second quarter earnings.

Uncertainty surrounding congressional action on the Affordable Care Act have impacted hospitals along with the rest of the healthcare sector. Tenet Healthcare Corp. (THC) and Community Health Services Inc. (CHY) descended on Tuesday, July 25 alongside HCA, down 7.16% and 8.26% respectively.

HCA second quarter revenues increased by four percent to $10.733 billion and cash flow totaled $1.404 billion, but revenue still missed the $10.85 billion benchmark presupposed by analysts. HCA is now projecting its earnings per share to fall in the range of $7.00 to $7.30, which is lower from its prior forecast of $7.20 to $7.60.