We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hill-Rom (HRC) Gains Ground on Global Expansion, New Menu
Read MoreHide Full Article
On Jan 20, we issued an updated research report on Hill-Rom Holdings, Inc. . The company is witnessing a solid uptick in domestic revenues, driven by a sturdy performance in Patient Support Systems and Front-Line Care. The stock carries a Zacks Rank #2 (Buy).
Shares of Hill-Rom have outperformed the industry in the past three months. The stock has rallied 13.9% compared with the industry's 7.9% rise.
Notably, Hill-Rom exited fiscal 2019 on a strong note with better-than-expected quarterly results. Core revenue growth was 8%, marking the 6th consecutive quarter of increase in mid-single digits or higher. The company saw a solid year-over-year rise in revenues on robust domestic growth, driven by robust performances at Patient Support Systems.
The company’s international geographies including Asia Pacific, Latin America and EMEA registered strong revenue growth. It is looking forward to its recent acquisitions of Breathe Technologies and Voalte that cite excellent examples of strategic capital deployment to advance leadership in high-growth, healthy margin categories while adhering to rigorous strategic and financial criteria for generating attractive returns.
Contribution from new products has been a significant top-line driver during 2019, growing approximately 300 basis points. Products launched in 2019 include RetinaVue 700 Imager, EarlySense and WatchCare. With several other products in the pipeline, the company pins hopes on generating long-lasting growth in the upcoming quarters.
However, sales in Surgical Solutions dropped significantly. Issues like domestic and global economic headwinds, unfavorable foreign exchange and competitive landscapes are also concerning.
Other Key Picks
A few other top-ranked stocks from the broader medical space are Haemonetics Corporation (HAE - Free Report) , Omnicell (OMCL - Free Report) and Medtronic plc (MDT - Free Report) .
Omnicell has a long-term earnings growth rate of 12.5% and a Zacks Rank of 2.
Medtronic’s long-term earnings growth rate is expected at 7.4%. It is currently Zacks #2 Ranked.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Hill-Rom (HRC) Gains Ground on Global Expansion, New Menu
On Jan 20, we issued an updated research report on Hill-Rom Holdings, Inc. . The company is witnessing a solid uptick in domestic revenues, driven by a sturdy performance in Patient Support Systems and Front-Line Care. The stock carries a Zacks Rank #2 (Buy).
Shares of Hill-Rom have outperformed the industry in the past three months. The stock has rallied 13.9% compared with the industry's 7.9% rise.
Notably, Hill-Rom exited fiscal 2019 on a strong note with better-than-expected quarterly results. Core revenue growth was 8%, marking the 6th consecutive quarter of increase in mid-single digits or higher. The company saw a solid year-over-year rise in revenues on robust domestic growth, driven by robust performances at Patient Support Systems.
Hill-Rom Holdings, Inc. Price
Hill-Rom Holdings, Inc. price | Hill-Rom Holdings, Inc. Quote
The company’s international geographies including Asia Pacific, Latin America and EMEA registered strong revenue growth. It is looking forward to its recent acquisitions of Breathe Technologies and Voalte that cite excellent examples of strategic capital deployment to advance leadership in high-growth, healthy margin categories while adhering to rigorous strategic and financial criteria for generating attractive returns.
Contribution from new products has been a significant top-line driver during 2019, growing approximately 300 basis points. Products launched in 2019 include RetinaVue 700 Imager, EarlySense and WatchCare. With several other products in the pipeline, the company pins hopes on generating long-lasting growth in the upcoming quarters.
However, sales in Surgical Solutions dropped significantly. Issues like domestic and global economic headwinds, unfavorable foreign exchange and competitive landscapes are also concerning.
Other Key Picks
A few other top-ranked stocks from the broader medical space are Haemonetics Corporation (HAE - Free Report) , Omnicell (OMCL - Free Report) and Medtronic plc (MDT - Free Report) .
Haemonetics has a Zacks Rank #1 (Strong Buy) and a projected long-term earnings growth rate of 13.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
Omnicell has a long-term earnings growth rate of 12.5% and a Zacks Rank of 2.
Medtronic’s long-term earnings growth rate is expected at 7.4%. It is currently Zacks #2 Ranked.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>