Wall Street analysts expect that Select Medical Holdings Co. (NYSE:SEM) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Select Medical’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Select Medical posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to issue its next earnings report after the market closes on Thursday, August 2nd.
On average, analysts expect that Select Medical will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.08. For the next fiscal year, analysts forecast that the company will report earnings of $1.27 per share, with EPS estimates ranging from $1.22 to $1.30. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Select Medical.
Get Select Medical alerts:Select Medical (NYSE:SEM) last announced its quarterly earnings data on Thursday, May 3rd. The health services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Select Medical had a net margin of 4.23% and a return on equity of 15.19%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year.
A number of brokerages recently weighed in on SEM. Zacks Investment Research raised shares of Select Medical from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of Select Medical from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.63.
In other Select Medical news, VP Robert G. Breighner, Jr. sold 3,428 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $18.03, for a total value of $61,806.84. Following the transaction, the vice president now owns 31,589 shares in the company, valued at approximately $569,549.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert A. Ortenzio sold 100,276 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $18.53, for a total transaction of $1,858,114.28. Following the completion of the transaction, the chairman now owns 7,225,885 shares in the company, valued at approximately $133,895,649.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 640,931 shares of company stock valued at $11,901,380. 19.86% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of SEM. Teacher Retirement System of Texas acquired a new position in Select Medical in the 4th quarter worth $650,000. Swiss National Bank lifted its holdings in Select Medical by 2.6% in the 4th quarter. Swiss National Bank now owns 179,100 shares of the health services provider’s stock worth $3,161,000 after buying an additional 4,600 shares in the last quarter. Arizona State Retirement System lifted its holdings in Select Medical by 225.8% in the 4th quarter. Arizona State Retirement System now owns 179,943 shares of the health services provider’s stock worth $3,176,000 after buying an additional 124,720 shares in the last quarter. Rhumbline Advisers lifted its holdings in Select Medical by 15.0% in the 4th quarter. Rhumbline Advisers now owns 242,898 shares of the health services provider’s stock worth $4,287,000 after buying an additional 31,749 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Select Medical by 3.0% in the 4th quarter. BlackRock Inc. now owns 13,836,694 shares of the health services provider’s stock worth $244,216,000 after buying an additional 408,230 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.
Select Medical traded up $0.15, reaching $18.85, during trading on Monday, MarketBeat reports. 312,337 shares of the company’s stock were exchanged, compared to its average volume of 526,936. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 3.60. Select Medical has a 52-week low of $14.80 and a 52-week high of $19.77. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.
Select Medical Company Profile
Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.
Get a free copy of the Zacks research report on Select Medical (SEM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
No comments:
Post a Comment