HealthSouth Corporation (HLS) Receives Average Recommendation of “Hold” from Analysts
Shares of HealthSouth Corporation (NYSE:HLS) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $50.57.
A number of research firms have recently commented on HLS. Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of HealthSouth Corporation in a research note on Monday. Piper Jaffray Companies reissued a “hold” rating and set a $50.00 target price on shares of HealthSouth Corporation in a research note on Thursday, August 3rd. Mizuho boosted their target price on shares of HealthSouth Corporation from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Royal Bank Of Canada restated a “buy” rating and set a $53.00 price target on shares of HealthSouth Corporation in a research report on Wednesday, July 5th.
In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.00, for a total value of $972,875.00. Following the transaction, the chief executive officer now directly owns 283,134 shares in the company, valued at approximately $12,174,762. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. acquired a new position in HealthSouth Corporation in the 3rd quarter valued at about $469,000. Public Employees Retirement System of Ohio boosted its holdings in HealthSouth Corporation by 66.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 95,993 shares of the company’s stock valued at $4,646,000 after purchasing an additional 38,428 shares during the last quarter. Colony Group LLC acquired a new position in HealthSouth Corporation in the 2nd quarter valued at about $258,000. Piedmont Investment Advisors LLC boosted its holdings in HealthSouth Corporation by 63.6% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 47,826 shares of the company’s stock valued at $2,315,000 after purchasing an additional 18,597 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in HealthSouth Corporation by 9.2% in the 2nd quarter. Sterling Capital Management LLC now owns 18,068 shares of the company’s stock valued at $874,000 after purchasing an additional 1,517 shares during the last quarter. Institutional investors own 93.05% of the company’s stock.
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HealthSouth Corporation (NYSE HLS) opened at 45.71 on Thursday. HealthSouth Corporation has a 12-month low of $36.97 and a 12-month high of $49.71. The company has a market cap of $4.51 billion, a P/E ratio of 16.66 and a beta of 0.58. The firm’s 50 day moving average is $45.09 and its 200 day moving average is $45.33.
HealthSouth Corporation (NYSE:HLS) last released its earnings results on Monday, July 31st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $981.30 million during the quarter, compared to analysts’ expectations of $976.46 million. HealthSouth Corporation had a net margin of 6.70% and a return on equity of 25.07%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Equities research analysts anticipate that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.19%. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 29th. HealthSouth Corporation’s payout ratio is presently 36.76%.
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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