Encompass Health Corp Shares Reach Near Record High, Market Cap Reaches $6B
June 24, 2023
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Encompass Health ($NYSE:EHC) Corp has seen its shares rise close to their 52-week high recently, with the stock closing today at $66.44, just 1.1% away from its peak. This has resulted in a market cap of $6B for the company, representing a significant increase. Encompass Health Corp is a healthcare services provider with expertise in delivering hospital and post-acute care to individuals in need of care. The company has repeatedly demonstrated its commitment to providing quality services that improve patient outcomes, making it one of the leading providers of healthcare services in the country. The recent surge in Encompass Health Corp shares has been driven by strong financial results and signs of continuing growth.
The company has reported double-digit revenue growth in the past two quarters and has posted record profits in the last quarter. Furthermore, analysts anticipate further growth in the company’s market cap as demand for their services continues to increase. The near-record high and $6B market cap achieved by Encompass Health Corp demonstrates the strength of the company’s services and its commitment to providing quality care. It remains to be seen if the company’s stock can reach its all-time high but the future looks bright for Encompass Health Corp and its shareholders.
Share Price
On Thursday, Encompass Health Corp shares rose to almost a record high. The stock opened at $65.3 and closed at $65.7, representing an increase of 0.4% from its prior closing price of 65.4. Market capitalization of the company as a result also reached an impressive figure of $6 billion. This is a notable achievement for the company as it continues on its upward trajectory. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Encompass Health. More…
| Total Revenues | Net Income | Net Margin |
| 4.18k | 270.4 | 6.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Encompass Health. More…
| Operations | Investing | Financing |
| 714.8 | -607.9 | -142.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Encompass Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.75k | 3.78k | 13.87 |
Key Ratios Snapshot
Some of the financial key ratios for Encompass Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.6% | -3.2% | 15.0% |
| FCF Margin | ROE | ROA |
| 3.6% | 29.2% | 6.8% |
Analysis
GoodWhale has analyzed ENCOMPASS HEALTH‘s fundamentals and found it to be a low risk investment in terms of financial and business aspects. Our Risk Rating tool has determined that this company is a relatively safe bet for investors. However, we advise caution as we have detected one risk warning in the company’s balance sheet. If you’re interested in learning more about the risk warnings that we’ve identified, please register with us for a detailed report. More…
Peers
There is fierce competition between Encompass Health Corp and its competitors: Community Health Systems Inc, Pennant Group Inc, Greenbrook TMS Inc. All four companies are leaders in the healthcare industry and are constantly striving to be the best.
– Community Health Systems Inc ($NYSE:CYH)
The company’s market capitalization is 311.19 million as of 2022. The company’s return on equity is -48.01%. The company operates in the healthcare sector and provides healthcare services to patients through its hospitals and related facilities.
– Pennant Group Inc ($NASDAQ:PNTG)
Pennant Group, Inc. provides healthcare services in the United States. The company operates in two segments, Home Health and Hospice, and Senior Living. It offers skilled nursing, physical therapy, occupational therapy, speech therapy, medical social work, and home health aide services to patients in their homes; and hospice services, including nursing care, pain management, social work, chaplain, and bereavement services. The company also provides senior living services, such as independent living, assisted living, and memory care services. As of December 31, 2020, it operated 257 senior living communities with 28,516 units. The company was formerly known as Curo Health Services, Inc. and changed its name to Pennant Group, Inc. in July 2018. Pennant Group, Inc. was founded in 2006 and is headquartered in Carrollton, Texas.
– Greenbrook TMS Inc ($TSX:GTMS)
Greenbrook TMS Inc is a healthcare company that provides treatment for depression and other mental disorders. The company has a market capitalization of 123.09M and a return on equity of -213.16%. The company’s products and services are designed to help patients recover from mental illness and improve their quality of life.
Summary
Encompass Health Corp is currently trading near its 52-week high. The stock has a market cap of $6 billion and closed today at 1.1% below its high of $66.44. Analysts are generally bullish on the long-term growth prospects of the company, citing its recent acquisitions and strategic initiatives.
In addition, the company is expected to benefit from its focus on expanding its presence in the healthcare sector. As such, investors who are looking for a growth opportunity in the healthcare sector could consider investing in Encompass Health Corp.
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