Revenue Update on HealthSouth Corp(NYSE:HLS)

HealthSouth Corp(NYSE:HLS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $920.70M. Analysts estimated a revenue of $905.02M. Earnings per share were $0.69. Analysts had estimated an EPS of $0.60.

In a different note, On Jun 27, 2016, Barclays said it Downgrades its rating on HealthSouth Corp. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Underweight’ by the firm.

HealthSouth Corp (HLS) shares turned negative on Thursdays trading session with the shares closing down -0.31 points or -0.73% at a volume of 6,37,280. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.56. The peak price level was also seen at $42.56 while the days lowest was $42. Finally the shares closed at $42.2. The 52-week high of the shares is $48.37 while the 52-week low is $30.26. According to the latest information available, the market cap of the company is $3,788 M.

HealthSouth Corp has also declared a cash dividend of $0.2400 on Jul 21, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Oct 17, 2016.

Several Insider Transactions has been reported to the SEC. On May 2, 2016, Cheryl B. Levy (Chief Human Resources Officer) sold 11,000 shares at $41.44 per share price.Also, 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.

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