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HCA Dividend Trumps Earnings (HCA)

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By Jon C. Ogg Published
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HCA Holdings, Inc. (NYSE: HCA) reported earnings that appear massive on the surface, and it is because of gains from the purchase of the part of HealthONE it didn’t already own and from asset sales.  The company even noted that it is a good sign of better jobs recovery because people may start to spend money on their health again.

The headline income was $1.94 billion, or $4.25 per share, boosted by gains.  HCA said 2012 earnings may be $3.35 to $3.55 per share versus the $3.49 consensus estimate.

The company recently reported that Medicaid reimbursement reductions would hurt revenue expectations.

The news on earnings is one thing, but the $2.00 per share special dividend announcement is helping to dive shares higher.  In early pre-market trading the stock is up almost 8% at $28.51 against a 52-week range of $17.03 to $35.37.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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