Zacks: Brokerages Anticipate HealthSouth Corp (HLS) to Post $0.66 EPS

Analysts forecast that HealthSouth Corp (NYSE:HLS) will report $0.66 earnings per share for the current quarter, Zacks reports. Seven analysts have made estimates for HealthSouth’s earnings, with the highest EPS estimate coming in at $0.71 and the lowest estimate coming in at $0.63. HealthSouth reported earnings per share of $0.72 during the same quarter last year, which suggests a negative year-over-year growth rate of 8.3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that HealthSouth will report full year earnings of $2.72 per share for the current financial year, with EPS estimates ranging from $2.69 to $2.79. For the next financial year, analysts forecast that the firm will post earnings of $2.91 per share, with EPS estimates ranging from $2.85 to $3.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow HealthSouth.

HealthSouth (NYSE:HLS) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. HealthSouth had a return on equity of 22.81% and a net margin of 6.69%. The firm had revenue of $995.60 million for the quarter, compared to analysts’ expectations of $985.75 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis.

HLS has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of HealthSouth in a report on Wednesday, November 15th. Zacks Investment Research upgraded HealthSouth from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, October 30th. Mizuho upgraded HealthSouth from a “neutral” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Thursday, November 2nd. ValuEngine cut HealthSouth from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 price objective on shares of HealthSouth in a report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $51.75.

In other news, Director Yvonne M. Curl bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were bought at an average price of $45.95 per share, with a total value of $45,950.00. Following the completion of the transaction, the director now directly owns 64,144 shares in the company, valued at $2,947,416.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teacher Retirement System of Texas increased its position in shares of HealthSouth by 0.7% during the second quarter. Teacher Retirement System of Texas now owns 7,117 shares of the company’s stock worth $344,000 after acquiring an additional 48 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of HealthSouth by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,072 shares of the company’s stock worth $633,000 after acquiring an additional 64 shares during the period. NGAM Advisors L.P. increased its position in shares of HealthSouth by 1.4% during the second quarter. NGAM Advisors L.P. now owns 10,448 shares of the company’s stock worth $506,000 after acquiring an additional 142 shares during the period. Renaissance Group LLC increased its position in shares of HealthSouth by 1.9% during the second quarter. Renaissance Group LLC now owns 8,288 shares of the company’s stock worth $401,000 after acquiring an additional 152 shares during the period. Finally, World Asset Management Inc increased its position in shares of HealthSouth by 3.9% during the second quarter. World Asset Management Inc now owns 5,702 shares of the company’s stock worth $276,000 after acquiring an additional 215 shares during the period. 93.37% of the stock is currently owned by institutional investors.

HealthSouth (HLS) traded down $0.38 on Tuesday, reaching $48.83. The company had a trading volume of 777,300 shares, compared to its average volume of 901,810. HealthSouth has a 12-month low of $38.24 and a 12-month high of $50.41. The firm has a market capitalization of $4,837.88, a PE ratio of 17.64, a PEG ratio of 1.81 and a beta of 0.54. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.89.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, December 29th. HealthSouth’s payout ratio is 36.36%.

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HealthSouth 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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Earnings History and Estimates for HealthSouth (NYSE:HLS)

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