CFRA Maintains Buy Opinion On Shares Of Hca Healthcare, Inc.

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target $34 to $270, reflecting a 2024 P/E of 13.3x vs. three- and five-year averages of 12.8x and 12.2x, respectively. We raise our 2023 adj. EPS view by $0.18 to $18.36 and raise 2024’s by $0.35 to $20.28. Q3 adj. EPS of $3.91 vs. $3.91 missed consensus by $0.06. The adj. EBITDA margin fell to 17.8% from 19.4% in Q3 2022, negatively impacted by weaker results from its Valesco joint venture, which the company expects will continue posing headwinds in the coming quarters. Accordingly, HCA’s 2023 adj. EBITDA margin guidance midpoint dropped to 19.45% from 19.60%. We think this somewhat overshadowed what was otherwise a strong quarter in terms of underlying hospital volume growth and containment of inflationary wage costs. On a same-facility […]

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CFRA Keeps Hold Opinion On Shares Of General Electric Company

/ / Industrials /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: Our 12-month target price remains $124, a 28.8x multiple applied to our revised 2024 EPS estimate. The applied multiple is in line with the average valuation in our aerospace universe coverage, as GE increasingly gets closer to a spin-off of GE Vernova, its Renewables and Power business, which would render GE as a pure-play aerospace firm. We raise our 2023 EPS estimate by $0.29 to $2.62 but trim 2024’s by $0.12 to $4.30. Q3 EPS of $0.82 vs. $0.35, beat the consensus view by $0.26. On the one hand, secular tailwinds for a revamped aerospace replacement cycle are strong and support demand for GE’s aircraft engines (including the LEAP engine). On the other hand, internal supply chain problems, plus quality control woes at both Boeing (BA 183

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CFRA Maintains Hold Opinion On Shares Of Centene Corporation

/ / Health Care /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target price by $1 to $76, reflecting an 11.4x multiple of our 2024 EPS estimate (down by $0.02 to $6.68), a small discount to CNC’s five-year forward average of 11.8x. We raise our 2023 EPS forecast by $0.09 to $6.60. CNC reported Q3 adjusted EPS of $2.00 vs. $1.30, far above the $1.52 consensus forecast. Revenue of $38.0B rose 6.1% Y/Y, with the Marketplace business rising to over 3.6M members vs. 2.1M as of the prior-year quarter. The health benefits ratio (HBR) of 87.0% was in line with Q2 and down from 88.3% in Q3 2022, reflecting Marketplace growth (a lower HBR segment). With ongoing effects from redetermination, total Medicaid membership fell 2.9% Y/Y, though CNC left its guidance unchanged for a 10%-15%

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Texas Instruments (Nasdaq: TXN) Reports Third Quarter 2023 Financial Results and Shareholder Returns

/ / Technology /

TI reports third quarter 2023 financial results and shareholder returns Conference call on TI website at 3:30 p.m. Central time today PR Newswire DALLAS, Oct. 24, 2023 DALLAS, Oct. 24, 2023  — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported third quarter revenue of $4.53 billion, net income of $1.71 billion and earnings per share of $1.85. Earnings per share included a 5-cent benefit for items that were not in the company’s original guidance. Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s president and CEO, made the following comments: — “Revenue was flat sequentially and decreased 14% from the same quarter a year ago. During the quarter, automotive growth continued and industrial weakness broadened. — “Our cash flow from operations of $6.5 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300-mm

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Alphabet Q3 EPS $1.55, Sales $76.69B Beat $75.94B Estimate

/ / Technology /

Alphabet (NASDAQ:GOOGL) reported quarterly earnings of $1.55 per share which beat the analyst consensus estimate of $1.45 by 6.9 percent. This is a 46.23 percent increase over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $76.69 billion which beat the analyst consensus estimate of $75.94 billion by 0.99 percent. This is a 11.00 percent increase over sales of $69.09 billion the same period last year.

Alphabet Q3 EPS $1.55, Sales $76.69B Beat $75.94B Estimate Read Post »

Microsoft Q1 EPS $2.99 Up From $2.35 YoY, Sales $56.50B Beat $51.40B Estimate

/ / Technology /

Microsoft (NASDAQ:MSFT) reported quarterly earnings of $2.99 per share. This is a 27.23 percent increase over earnings of $2.35 per share from the same period last year. The company reported quarterly sales of $56.50 billion which beat the analyst consensus estimate of $51.40 billion by 9.92 percent. This is a 12.72 percent increase over sales of $50.12 billion the same period last year.

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F5 Q4 EPS $3.50 Beats $3.21 Estimate, Sales $706.97M Beat $700.88M Estimate

/ / Technology /

F5 (NASDAQ:FFIV) reported quarterly earnings of $3.50 per share which beat the analyst consensus estimate of $3.21 by 9.03 percent. This is a 33.59 percent increase over earnings of $2.62 per share from the same period last year. The company reported quarterly sales of $706.97 million which beat the analyst consensus estimate of $700.88 million by 0.87 percent. This is a 0.99 percent increase over sales of $700.03 million the same period last year.

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Snap Inc. Announces Third Quarter 2023 Financial Results

/ / Technology /

Snap Inc. Announces Third Quarter 2023 Financial Results Revenue increased 5% year-over-year to $1,189 million Daily Active Users increased 12% year-over-year to 406 million Net loss was $368 million and Adjusted EBITDA was positive $40 million SANTA MONICA, Calif.–(BUSINESS WIRE)–October 24, 2023– Snap Inc. (NYSE: SNAP) today announced financial results for the quarter ended September 30, 2023. “Our revenue returned to positive growth in Q3, increasing 5% year-over-year and flowing through to positive adjusted EBITDA as our reprioritized cost structure demonstrated the leverage in our business model,” said Evan Spiegel, CEO. “We are focused on improving our advertising platform to drive higher return on investment for our advertising partners, and we have evolved our go-to-market efforts to better serve our partners and drive customer success.” Jerry Hunter, Chief Operating Officer, has notified Snap that he will retire. Mr. Hunter joined Snap seven years ago and served an important role in

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