HealthSouth Corp Given Average Rating of “Buy” by Analysts (NYSE:HLS)
Shares of HealthSouth Corp (NYSE:HLS) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the stock, Analyst Ratings.Net reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.14.
A number of analysts have recently weighed in on HLS shares. Analysts at Stifel Nicolaus raised their price target on shares of HealthSouth Corp from $38.00 to $41.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Analysts at Mizuho raised their price target on shares of HealthSouth Corp from $42.00 to $45.00 in a research note on Tuesday. They now have a “buy” rating on the stock.
HealthSouth Corp (NYSE:HLS) traded up 8.13% during mid-day trading on Tuesday, hitting $40.70. The stock had a trading volume of 667,546 shares. HealthSouth Corp has a 52-week low of $29.82 and a 52-week high of $38.38. The stock’s 50-day moving average is $36.35 and its 200-day moving average is $34.29. The company has a market cap of $3.586 billion and a price-to-earnings ratio of 14.50.
HealthSouth Corp (NYSE:HLS) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.07. The company had revenue of $604.40 million for the quarter, compared to the consensus estimate of $588.94 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that HealthSouth Corp will post $1.91 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Monday, September 29th. This is a positive change from HealthSouth Corp’s previous quarterly dividend of $0.18.
HealthSouth Corporation (NYSE:HLS) is an owner and operator of inpatient rehabilitation hospitals.
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