Brokerages forecast that Select Medical Holdings Co. (NYSE:SEM) will report earnings of $0.21 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Select Medical’s earnings. The lowest EPS estimate is $0.19 and the highest is $0.23. Select Medical reported earnings of $0.31 per share in the same quarter last year, which indicates a negative year over year growth rate of 32.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 20th.
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 $1.07. For the next year, analysts forecast that the business will report earnings of $1.25 per share, with EPS estimates ranging from $1.20 to $1.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Select Medical.
Select Medical (NYSE:SEM) last announced its earnings results on Thursday, November 1st. The health services provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Select Medical had a return on equity of 15.95% and a net margin of 4.32%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year.
A number of research firms recently weighed in on SEM. ValuEngine raised Select Medical from a “hold” rating to a “buy” rating in a research note on Friday, November 2nd. Credit Suisse Group upped their price target on Select Medical from $18.00 to $21.00 and gave the stock a “neutral” rating in a research note on Monday, November 5th. Finally, Zacks Investment Research raised Select Medical from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Select Medical presently has a consensus rating of “Hold” and an average target price of $20.83.
SEM stock opened at $19.50 on Wednesday. Select Medical has a fifty-two week low of $15.83 and a fifty-two week high of $21.65. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $2.69 billion, a P/E ratio of 20.10, a PEG ratio of 1.35 and a beta of 1.39.
In other news, Chairman Robert A. Ortenzio sold 11,923 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $20.00, for a total value of $238,460.00. Following the completion of the sale, the chairman now directly owns 7,000,171 shares of the company’s stock, valued at $140,003,420. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James S. Ely III sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $20.00, for a total value of $180,000.00. Following the completion of the sale, the director now directly owns 101,865 shares of the company’s stock, valued at $2,037,300. The disclosure for this sale can be found here. Over the last three months, insiders sold 156,967 shares of company stock valued at $3,146,142. Company insiders own 19.86% of the company’s stock.
Several institutional investors have recently modified their holdings of SEM. Itau Unibanco Holding S.A. purchased a new stake in shares of Select Medical in the second quarter worth approximately $120,000. UBS Group AG raised its stake in shares of Select Medical by 2,189.3% in the first quarter. UBS Group AG now owns 7,738 shares of the health services provider’s stock worth $133,000 after purchasing an additional 7,400 shares during the last quarter. Legacy Financial Advisors Inc. purchased a new stake in shares of Select Medical in the third quarter worth approximately $142,000. Public Employees Retirement Association of Colorado grew its holdings in shares of Select Medical by 232.4% in the third quarter. Public Employees Retirement Association of Colorado now owns 11,155 shares of the health services provider’s stock valued at $205,000 after acquiring an additional 7,799 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Select Medical by 237.3% in the third quarter. Bank of Montreal Can now owns 11,483 shares of the health services provider’s stock valued at $212,000 after acquiring an additional 8,079 shares in the last quarter. 75.08% of the stock is owned by hedge funds and other institutional investors.
About Select Medical
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.
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