Encompass Health Corp (EHC) Forecasted to Post Q1 2018 Earnings of $0.81 Per Share
Encompass Health Corp (AMEX:EHC) – Equities research analysts at William Blair raised their Q1 2018 earnings estimates for shares of Encompass Health in a research note issued on Wednesday. William Blair analyst M. Larew now forecasts that the company will post earnings of $0.81 per share for the quarter, up from their previous estimate of $0.80. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Encompass Health’s FY2018 earnings at $3.37 EPS and FY2019 earnings at $3.74 EPS.
Several other equities research analysts have also commented on EHC. Stephens set a $62.00 price objective on shares of Encompass Health and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Piper Jaffray Companies reiterated a “hold” rating and issued a $59.00 price objective on shares of Encompass Health in a research report on Thursday. Royal Bank of Canada boosted their price objective on shares of Encompass Health to $64.00 and gave the stock an “outperform” rating in a research report on Thursday. Credit Suisse Group boosted their price objective on shares of Encompass Health from $58.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Finally, SunTrust Banks set a $58.00 price objective on shares of Encompass Health and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Encompass Health currently has an average rating of “Hold” and an average target price of $58.00.
Encompass Health (AMEX:EHC) last released its quarterly earnings data on Monday, February 26th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. Encompass Health had a net margin of 8.67% and a return on equity of 23.56%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $0.72 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year.
A number of hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan acquired a new position in Encompass Health in the 4th quarter valued at about $1,475,000. Zeke Capital Advisors LLC acquired a new position in Encompass Health in the 4th quarter valued at about $238,000. Quantitative Investment Management LLC acquired a new position in Encompass Health in the 4th quarter valued at about $2,806,000. Globeflex Capital L P acquired a new position in Encompass Health in the 4th quarter valued at about $1,491,000. Finally, Carillon Tower Advisers Inc. acquired a new position in Encompass Health in the 4th quarter valued at about $37,984,000. 93.18% of the stock is owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Monday, April 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, March 29th. Encompass Health’s payout ratio is 36.90%.
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Encompass Health Company Profile
Encompass Health Corporation, formerly HealthSouth Corporation, 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.
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