HealthSouth Corp (HLS) Releases Earnings Results, Beats Expectations By $0.09 EPS

HealthSouth Corp (HLS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.60. The company posted revenue of $920.70 million in the period, compared to analysts expectations of $906.94 million. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

HealthSouth Corp closed down -0.32 points or -0.79% at $40.04 with 11,46,515 shares getting traded on Thursday. Post opening the session at $40.16, the shares hit an intraday low of $39.84 and an intraday high of $40.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Investors should note that on Jul 21, 2016, HealthSouth Corp announced a cash dividend of $0.2400. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Oct 17, 2016.

In a different news, on May 2, 2016, Cheryl B. Levy (Chief Human Resources Officer) sold 11,000 shares at $41.44 per share price. According to the SEC, on Mar 2, 2016, Edmund Fay (Sr. Vice Pres. and Treasurer) sold 16,240 shares at $35.50 per share price. On Jan 12, 2016, John Chidsey (director) purchased 799 shares at $35.78 per share price, according to the Form-4 filing with the securities and exchange commission.

HealthSouth Corporation (HealthSouth) is an owner and operator of inpatient rehabilitation hospitals. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses which include physical and cognitive disabilities or injuries due to medical conditions such as strokes hip fractures head injuries spinal cord injuries and a variety of debilitating neurological conditions. HealthSouth operates in around 33 states across the United States and in Puerto Rico and serves patients through its network of inpatient rehabilitation hospitals home health agencies and hospice agencies. The Company’s inpatient rehabilitation hospitals offer rehabilitative care across an array of diagnoses. As of December 31 2014 the Company operated 107 inpatient rehabilitation hospitals. The Company’s inpatient hospitals are concentrated in the eastern half of the United States and Texas.

HealthSouth Corp

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