According to Zacks, “Encompass Health Corporation provides inpatient rehabilitation hospitals and home-based care services. It offers facility-based and home-based patient care through its network of inpatient rehabilitation hospitals, home health agencies and hospice agencies. Encompass Health Corporation, formerly known as HealthSouth Corporation, is headquartered in Birmingham, Alabama. “
Several other analysts have also commented on the company. BMO Capital Markets began coverage on Encompass Health in a report on Thursday, June 27th. They set an “outperform” rating and a $72.00 price objective for the company. Barclays upgraded Encompass Health from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $68.00 to $70.00 in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $74.50.
Encompass Health (AMEX:EHC) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.97 by $0.11. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.99 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis.
In related news, CEO Mark J. Tarr sold 67,382 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $63.56, for a total value of $4,282,799.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.
About Encompass Health
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Encompass Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Encompass Health and related companies with MarketBeat.com's FREE daily email newsletter.