HealthSouth Corporation (HLS) Plans $0.25 Quarterly Dividend
HealthSouth Corporation (NYSE:HLS) declared a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.25 per share on Tuesday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Friday, December 29th.
HealthSouth Corporation has increased its dividend by an average of 72.9% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. HealthSouth Corporation has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect HealthSouth Corporation to earn $2.88 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 34.7%.
Shares of HealthSouth Corporation (HLS) traded down 1.63% during trading on Monday, hitting $45.82. The company had a trading volume of 601,278 shares. The firm has a market capitalization of $4.52 billion, a P/E ratio of 16.70 and a beta of 0.58. HealthSouth Corporation has a 1-year low of $36.97 and a 1-year high of $49.71. The company’s 50 day moving average is $45.36 and its 200 day moving average is $45.47.
HealthSouth Corporation (NYSE:HLS) last posted its earnings results on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $981.30 million for the quarter, compared to analysts’ expectations of $976.46 million. During the same period in the previous year, the firm earned $0.69 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that HealthSouth Corporation will post $2.71 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the company. Stephens assumed coverage on HealthSouth Corporation in a research report on Thursday, August 31st. They set an “overweight” rating and a $53.00 price target on the stock. Zacks Investment Research upgraded HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Royal Bank Of Canada restated a “buy” rating and set a $55.00 price target on shares of HealthSouth Corporation in a research report on Wednesday, September 6th. KeyCorp restated a “hold” rating on shares of HealthSouth Corporation in a research report on Thursday, September 7th. Finally, ValuEngine upgraded HealthSouth Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. HealthSouth Corporation presently has a consensus rating of “Hold” and an average target price of $50.38.
In other HealthSouth Corporation news, CEO Mark J. Tarr sold 22,625 shares of the business’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 sale, the chief executive officer now directly owns 283,134 shares of the company’s stock, valued at $12,174,762. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.
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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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