Equities research analysts forecast that HealthSouth Corporation (NYSE:HLS) will announce $0.65 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for HealthSouth Corporation’s earnings, with estimates ranging from $0.62 to $0.69. HealthSouth Corporation also reported earnings of $0.65 per share during the same quarter last year. The company is expected to report its next earnings results on Thursday, October 26th.
According to Zacks, analysts expect that HealthSouth Corporation will report full-year earnings of $2.72 per share for the current year, with EPS estimates ranging from $2.68 to $2.80. For the next year, analysts anticipate that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.79 to $2.95. Zacks’ EPS averages are an average based on a survey of analysts that follow HealthSouth Corporation.
HealthSouth Corporation (NYSE:HLS) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.03. HealthSouth Corporation had a return on equity of 25.07% and a net margin of 6.70%. The business had revenue of $981.30 million during the quarter, compared to analysts’ expectations of $976.46 million. During the same quarter last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis.
A number of research analysts have issued reports on HLS shares. Zacks Investment Research lowered HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 3rd. ValuEngine lowered HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub lowered HealthSouth Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Stephens started coverage on HealthSouth Corporation in a research report on Thursday, August 31st. They set an “overweight” rating and a $53.00 price target for the company. Finally, KeyCorp started coverage on HealthSouth Corporation in a research report on Thursday, June 15th. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.71.
In other news, CEO Mark J. Tarr sold 22,625 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $43.00, for a total value of $972,875.00. Following the completion of the sale, the chief executive officer now owns 283,134 shares in the company, valued at $12,174,762. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Neuburgh Advisers LLC lifted its holdings in shares of HealthSouth Corporation by 40.1% in the first quarter. Neuburgh Advisers LLC now owns 3,072 shares of the company’s stock valued at $132,000 after buying an additional 880 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of HealthSouth Corporation by 18.8% in the second quarter. First Mercantile Trust Co. now owns 2,720 shares of the company’s stock valued at $132,000 after buying an additional 430 shares during the period. Acrospire Investment Management LLC lifted its holdings in shares of HealthSouth Corporation by 64.7% in the second quarter. Acrospire Investment Management LLC now owns 2,800 shares of the company’s stock valued at $136,000 after buying an additional 1,100 shares during the period. Advisor Group Inc. lifted its holdings in shares of HealthSouth Corporation by 33.8% in the second quarter. Advisor Group Inc. now owns 3,092 shares of the company’s stock valued at $149,000 after buying an additional 781 shares during the period. Finally, Glen Harbor Capital Management LLC lifted its holdings in shares of HealthSouth Corporation by 40.1% in the first quarter. Glen Harbor Capital Management LLC now owns 4,224 shares of the company’s stock valued at $181,000 after buying an additional 1,210 shares during the period. Institutional investors and hedge funds own 93.10% of the company’s stock.
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Shares of HealthSouth Corporation (NYSE HLS) traded down 0.29% on Friday, hitting $45.29. The stock had a trading volume of 375,128 shares. The firm has a market cap of $4.47 billion, a P/E ratio of 16.51 and a beta of 0.59. HealthSouth Corporation has a 12-month low of $36.97 and a 12-month high of $49.71. The company’s 50-day moving average price is $44.09 and its 200 day moving average price is $44.85.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.25 dividend. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 2.21%. HealthSouth Corporation’s dividend payout ratio is 35.29%.
About HealthSouth Corporation
HealthSouth Corporation (HealthSouth) is a provider of post-acute healthcare services, offering both facility-based and home-based post-acute services in 35 states and Puerto Rico through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. The Company manages its operations through segments, including inpatient rehabilitation, and home health and hospice.
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