Brokerages Anticipate HealthSouth Corporation (HLS) Will Announce Earnings of $0.65 Per Share
Equities research analysts expect HealthSouth Corporation (NYSE:HLS) to announce earnings of $0.65 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for HealthSouth Corporation’s earnings. The lowest EPS estimate is $0.62 and the highest is $0.69. HealthSouth Corporation also posted earnings of $0.65 per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that HealthSouth Corporation will report full-year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.68 to $2.80. For the next year, analysts forecast that the business will report earnings of $2.89 per share, with EPS estimates ranging from $2.79 to $2.95. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow HealthSouth Corporation.
HealthSouth Corporation (NYSE:HLS) last posted its quarterly earnings results on Monday, July 31st. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.03. HealthSouth Corporation had a return on equity of 25.07% and a net margin of 6.70%. The company had revenue of $981.30 million for the quarter, compared to analysts’ expectations of $976.46 million. During the same period last year, the firm earned $0.69 earnings per share. HealthSouth Corporation’s quarterly revenue was up 6.6% on a year-over-year basis.
A number of equities analysts have weighed in on HLS shares. ValuEngine cut shares of HealthSouth Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. KeyCorp started coverage on shares of HealthSouth Corporation in a research report on Thursday, June 15th. They issued a “sector weight” rating for the company. BidaskClub raised shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research raised shares of HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Thursday, June 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.71.
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In other news, CEO Mark J. Tarr sold 22,625 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $42.55, for a total value of $962,693.75. Following the sale, the chief executive officer now owns 283,134 shares in the company, valued at approximately $12,047,351.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.
Several institutional investors have recently modified their holdings of HLS. Wellington Management Group LLP raised its stake in shares of HealthSouth Corporation by 4,377.7% in the 1st quarter. Wellington Management Group LLP now owns 995,082 shares of the company’s stock valued at $42,599,000 after purchasing an additional 972,859 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of HealthSouth Corporation in the 2nd quarter valued at about $39,641,000. TimesSquare Capital Management LLC acquired a new stake in shares of HealthSouth Corporation in the 2nd quarter valued at about $37,868,000. William Blair Investment Management LLC raised its stake in shares of HealthSouth Corporation by 13.9% in the 2nd quarter. William Blair Investment Management LLC now owns 4,302,756 shares of the company’s stock valued at $208,253,000 after purchasing an additional 525,767 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its stake in shares of HealthSouth Corporation by 421.4% in the 2nd quarter. Balyasny Asset Management LLC now owns 618,311 shares of the company’s stock valued at $29,926,000 after purchasing an additional 499,715 shares in the last quarter. Institutional investors and hedge funds own 93.10% of the company’s stock.
HealthSouth Corporation (NYSE HLS) traded down 0.51% during mid-day trading on Friday, reaching $44.73. The company’s stock had a trading volume of 642,452 shares. HealthSouth Corporation has a 1-year low of $36.97 and a 1-year high of $49.71. The stock’s 50 day moving average price is $44.10 and its 200 day moving average price is $44.79. The stock has a market capitalization of $4.42 billion, a P/E ratio of 16.30 and a beta of 0.59.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, September 29th. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. 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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