![]() ![]() HCA grew its cash from operations by 44% in the first quarter of 2021 to $2.0 billion from $1.4 billion a year earlier. It was the 11th time the Nashville-based company has been recognized by Ethisphere.Īs ESG issues become more important to investors, HCA should be attractive to those interested in companies with higher standards. In February, Ethisphere, an organization dedicated to advancing ethical business practices, named HCA to its 2021 World's Most Ethical Companies list. Whether at one of its 185 hospitals or approximately 2,000 sites of care, the company is committed to doing what's suitable for all its stakeholders. HCA Healthcare ( HCA, $206.38) is one of the country's largest providers of healthcare. This slate of initiatives, combined with free cash flow north of $4 billion, has translated into growth for LEN stock, which is up more than 24% for the year to date. That's in addition to what it's doing with its Upward America Venture. Estimates suggest this business would have an enterprise value between $3 billion and $5 billion. It finished the first quarter with a backlog of 22,077 homes worth approximately $9.5 billion, up 32% on an annual basis.Īlso, in March, Lennar announced that it planned to spin off some of its non-core assets to focus exclusively on homebuilding. On the bottom line, it earned $3.20 a share, 152% higher than in the same period a year earlier. In Q1 2021, LEN had revenues of $5.3 billion, 18% higher year-over-year. ![]() This announcement followed the company's red-hot start to fiscal 2021. "The Upward America Venture continues Lennar's vision of becoming an ESG (environmental, social and governance) driven homebuilding company by making our high-quality homes not only available for sale but also for rent, with a portion of the homes available with a rent to own option," says Lennar Co-CEO Rick Beckwitt.Īs Beckwitt points out, the partnership will have access to more than 300,000 homesites that Lennar either owns or controls, making the buildout of the platform that much quicker than if it had to start from scratch. The partnership will fund the single-family rental platform with $1.25 billion in equity that should allow it to buy $4 billion in single-family rental properties from Lennar and other homebuilders. In March, the company announced the formation of the Upward America Venture, a partnership between Lennar, Centerbridge Partners, Allianz Real Estate and other large institutional investors. Despite being almost 70 years old, it still pushes the envelope to generate additional value for shareholders. Established in 1954, it continues to change and evolve with the industry. Lennar ( LEN, $94.59) is one of America's largest homebuilders. While down from the $1.57 billion in shares it repurchased in 2019, it has made buybacks in 2021 and had approximately $4.5 billion left on its share repurchase program at the end of Q4 2020. In 2020, Target paid out $1.34 billion in dividends and bought back $745 million of its stock. The beauty of strong free cash flow generation is that it provides a company with capital allocation options, including dividends and share repurchases. Interestingly, it reported that it gained $9 billion in market share in 2020. Further, in 2020, Target grew its digital sales by almost $10 billion thanks to a 235% increase in same-day services. It helps to make these kinds of payouts when you're generating record amounts of free cash flow.Īs the company reported in March, its $15 billion in 2020 sales growth was greater than its growth for the previous 11 years combined. In 2020, Target doled out approximately $1 billion in bonuses, benefits and health and safety equipment required to keep its staff safe. "Instead, it handed out five rounds of bonuses to rank-and-file employees as they adjusted to changing conditions and adopted new ways to work." "Target did not lay off, furlough or reduce compensation of its store employees through the year," says Patrick Kennedy, Star Tribune business reporter. Not only did Target survive, but it also thrived. Few chiefs are worth such a massive pay package, but many long-term TGT shareholders would likely agree Cornell is one of them.Īs the Star Tribune reported in late April, Cornell did a tremendous job leading the retailer through the pandemic. Target ( TGT, $225.09) CEO Brian Cornell received $77.5 million in annual compensation for his work in 2020. Free cash flow – trailing twelve months (TTM): $8.0 billion. ![]()
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