Hill-Rom Holdings Second Quarter Results

Hill-Rom Holdings Inc (HRC) released its second quarter results on Sunday, May 2, 2021. The company reported net earnings of $1.30 per share for the second quarter ending March 31, 2021. Earnings for this past quarter were up 86 percent compared to the same period a year ago.

Hill-Rom Holdings, Inc. was founded in 1969 and is headquartered in Chicago, Illinois. Hill-Rom Holdings, Inc. operates as a medical technology company worldwide. It operates in Patient Support Systems, Front Line Care, and Surgical Solutions segments.

Hill-Rom Holdings' revenue increased 2 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 53.46% for the second quarter compared to the same period in the previous year, and operating margins decreased to 8.85% over the same period. Net earnings for past trailing twelve months were $282.2 million, up 92% from the prior year.

Moving on to the balance sheet, Hill-Rom Holdings' cash levels dropped 7% for the second quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, increased 6.38% this past year. The current ratio for Hill-Rom Holdings now stands at 1.61. The company decreased shares outstanding by 0.18%.

Shares of HRC are currently trading around $110.22. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 26.2 and price to book ratio of 4.01.

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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, May 3, 2021.