Q1 2019 Earnings Estimate for HealthSouth Corporation (HLS) Issued By SunTrust Banks
HealthSouth Corporation (NYSE:HLS) – Investment analysts at SunTrust Banks issued their Q1 2019 earnings per share (EPS) estimates for shares of HealthSouth Corporation in a report issued on Thursday. SunTrust Banks analyst D. Macdonald expects that the company will post earnings of $0.77 per share for the quarter. SunTrust Banks also issued estimates for HealthSouth Corporation’s Q2 2019 earnings at $0.79 EPS.
Several other brokerages also recently issued reports on HLS. Zacks Investment Research upgraded shares of HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Thursday, June 29th. Royal Bank Of Canada reiterated a “buy” rating and set a $53.00 price target on shares of HealthSouth Corporation in a report on Wednesday, July 5th. KeyCorp began coverage on HealthSouth Corporation in a report on Thursday, June 15th. They set a “sector weight” rating for the company. Mizuho increased their price target on HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Monday, July 10th. Finally, BidaskClub raised shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.71.
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HealthSouth Corporation (NYSE HLS) traded down 0.25% during midday trading on Monday, hitting $43.54. The stock had a trading volume of 145,557 shares. HealthSouth Corporation has a 1-year low of $36.97 and a 1-year high of $49.71. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 15.33 and a beta of 0.59. The company has a 50-day moving average of $44.26 and a 200-day moving average of $44.95.
HealthSouth Corporation (NYSE:HLS) last released its earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.03. The company had revenue of $981.30 million during the quarter, compared to analysts’ expectations of $976.46 million. HealthSouth Corporation had a return on equity of 25.07% and a net margin of 6.70%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS.
The business 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 dividend of $0.25 per share. This is an increase from HealthSouth Corporation’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, September 29th. HealthSouth Corporation’s payout ratio is currently 35.29%.
In other news, CEO Mark J. Tarr sold 22,625 shares of HealthSouth Corporation stock in a transaction on Monday, August 7th. The shares were sold at an average price of $43.00, for a total transaction of $972,875.00. Following the completion of the sale, the chief executive officer now directly owns 283,134 shares of the company’s stock, valued at approximately $12,174,762. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in shares of HealthSouth Corporation by 66.8% in the second quarter. Public Employees Retirement System of Ohio now owns 95,993 shares of the company’s stock valued at $4,646,000 after acquiring an additional 38,428 shares during the period. Colony Group LLC purchased a new position in shares of HealthSouth Corporation during the second quarter valued at about $258,000. Piedmont Investment Advisors LLC increased its position in shares of HealthSouth Corporation by 63.6% during the second quarter. Piedmont Investment Advisors LLC now owns 47,826 shares of the company’s stock valued at $2,315,000 after buying an additional 18,597 shares during the period. Sterling Capital Management LLC increased its position in shares of HealthSouth Corporation by 9.2% during the second quarter. Sterling Capital Management LLC now owns 18,068 shares of the company’s stock valued at $874,000 after buying an additional 1,517 shares during the period. Finally, Kalos Management Inc. increased its position in shares of HealthSouth Corporation by 4.1% during the second quarter. Kalos Management Inc. now owns 64,979 shares of the company’s stock valued at $3,144,000 after buying an additional 2,574 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.
HealthSouth Corporation Company Profile
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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