HealthSouth Corporation (NYSE:HLS) declared a quarterly dividend on Friday, July 21st, Wall Street Journal reports. Investors of record on Monday, October 2nd will be paid a dividend of 0.25 per share on Monday, October 16th. This represents a $1.00 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, September 29th. This is a positive change from HealthSouth Corporation’s previous quarterly dividend of $0.24.
HealthSouth Corporation has increased its dividend by an average of 72.9% annually over the last three years and has raised its dividend every year for the last 3 years. HealthSouth Corporation has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect HealthSouth Corporation to earn $2.87 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 34.8%.
HealthSouth Corporation (HLS) opened at 43.91 on Friday. The company’s 50-day moving average is $44.26 and its 200 day moving average is $44.95. HealthSouth Corporation has a 12 month low of $36.97 and a 12 month high of $49.71. The firm has a market cap of $4.34 billion, a P/E ratio of 16.00 and a beta of 0.59.
HealthSouth Corporation (NYSE:HLS) last released its earnings results on Monday, July 31st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ 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 quarter in the previous year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities research analysts expect that HealthSouth Corporation will post $2.71 EPS for the current fiscal year.
In other news, CEO Mark J. Tarr sold 22,625 shares of HealthSouth Corporation stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $43.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
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HLS has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded HealthSouth Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Wednesday, August 2nd. ValuEngine upgraded HealthSouth Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of HealthSouth Corporation in a research report on Wednesday, July 5th. Piper Jaffray Companies reiterated a “hold” rating and issued a $50.00 target price on shares of HealthSouth Corporation in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded HealthSouth Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $49.71.
About HealthSouth Corporation
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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