Encompass Health (NYSE:EHC) Releases Earnings Results, Beats Estimates By $0.12 EPS

Encompass Health (NYSE:EHC) issued its earnings results on Thursday. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.12, Zacks reports. Encompass Health had a return on equity of 17.60% and a net margin of 8.10%.

Encompass Health Stock Performance

Shares of NYSE:EHC traded down $3.79 during mid-day trading on Thursday, reaching $98.41. The company had a trading volume of 1,096,302 shares, compared to its average volume of 643,975. Encompass Health has a one year low of $71.99 and a one year high of $104.55. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.88. The company’s 50-day moving average price is $96.43 and its 200-day moving average price is $95.08. The firm has a market cap of $9.91 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 1.18 and a beta of 0.90.

Wall Street Analysts Forecast Growth

EHC has been the subject of several recent research reports. Truist Financial reissued a “buy” rating and set a $116.00 target price (up from $108.00) on shares of Encompass Health in a research report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of Encompass Health from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. KeyCorp increased their target price on shares of Encompass Health from $115.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Barclays boosted their price target on shares of Encompass Health from $109.00 to $116.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Nine analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Encompass Health presently has an average rating of “Buy” and a consensus price target of $107.11.

Encompass Health Company Profile

Encompass Health Corporation provides post-acute healthcare services in the United States and Puerto Rico. It owns and operates inpatient rehabilitation hospitals that provide medical, nursing, therapy, and ancillary services. The company provides specialized rehabilitative treatment on an inpatient basis to patients who have experienced physical or cognitive disabilities or injuries due to medical conditions, such as strokes, hip fractures, and various debilitating neurological conditions.