Brokerages predict that Select Medical Holdings Co. (NYSE:SEM) will announce earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Select Medical’s earnings. Select Medical reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to announce its next earnings results on Thursday, November 1st.

On average, analysts expect that Select Medical will report full-year earnings of $1.02 per share for the current year, with EPS estimates ranging from $1.00 to $1.04. For the next fiscal year, analysts anticipate that the business will report earnings of $1.26 per share, with EPS estimates ranging from $1.20 to $1.30. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Select Medical.

Select Medical (NYSE:SEM) last announced its quarterly earnings results on Thursday, August 2nd. The health services provider reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Select Medical had a net margin of 4.17% and a return on equity of 16.90%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $0.32 EPS. The firm’s revenue was up 15.6% on a year-over-year basis.

SEM has been the subject of several analyst reports. Zacks Investment Research raised shares of Select Medical from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. ValuEngine downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Select Medical has a consensus rating of “Hold” and a consensus target price of $20.71.

In other Select Medical news, Chairman Robert A. Ortenzio sold 10,402 shares of the firm’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $20.16, for a total value of $209,704.32. Following the completion of the sale, the chairman now owns 7,012,094 shares of the company’s stock, valued at $141,363,815.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael E. Tarvin sold 39,907 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $20.47, for a total transaction of $816,896.29. Following the completion of the sale, the executive vice president now directly owns 395,864 shares of the company’s stock, valued at approximately $8,103,336.08. The disclosure for this sale can be found here. In the last three months, insiders sold 103,434 shares of company stock valued at $2,081,272. 19.86% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of Select Medical by 6.5% during the first quarter. Wells Fargo & Company MN now owns 229,531 shares of the health services provider’s stock valued at $3,960,000 after acquiring an additional 14,026 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Select Medical by 2.0% during the first quarter. Rhumbline Advisers now owns 247,761 shares of the health services provider’s stock valued at $4,274,000 after acquiring an additional 4,863 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Select Medical by 76.7% during the first quarter. SG Americas Securities LLC now owns 16,762 shares of the health services provider’s stock valued at $289,000 after acquiring an additional 7,276 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Select Medical by 39.0% during the first quarter. Victory Capital Management Inc. now owns 1,740,986 shares of the health services provider’s stock valued at $30,032,000 after acquiring an additional 488,636 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in shares of Select Medical by 5.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 85,022 shares of the health services provider’s stock valued at $1,467,000 after acquiring an additional 4,438 shares in the last quarter. 74.68% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SEM traded up $0.05 during trading on Friday, reaching $18.70. The company’s stock had a trading volume of 6,845 shares, compared to its average volume of 613,736. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.35. Select Medical has a 12 month low of $15.85 and a 12 month high of $21.65. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.27 and a beta of 1.31.

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.

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