Wall Street analysts expect Select Medical Holdings Co. (NYSE:SEM) to announce earnings of $0.18 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Select Medical’s earnings, with estimates ranging from $0.14 to $0.20. Select Medical posted earnings per share of $0.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 28.6%. The business is expected to report its next earnings results after the market closes on Thursday, November 1st.

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

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

A number of research analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Select Medical in a research report on Tuesday. They set a “neutral” rating and a $18.00 price objective on the stock. Zacks Investment Research raised shares of Select Medical from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, ValuEngine downgraded shares of Select Medical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $20.57.

Select Medical stock traded down $0.22 during mid-day trading on Friday, reaching $17.09. 274,728 shares of the company traded hands, compared to its average volume of 573,928. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.35. The company has a market cap of $2.34 billion, a P/E ratio of 17.62, a PEG ratio of 1.21 and a beta of 1.37. Select Medical has a 52-week low of $15.85 and a 52-week high of $21.65.

In other news, Chairman Robert A. Ortenzio sold 10,402 shares of the company’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 sale, the chairman now directly owns 7,012,094 shares of the company’s stock, valued at approximately $141,363,815.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Robert A. Ortenzio sold 11,923 shares of the company’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $20.00, for a total transaction of $238,460.00. Following the completion of the sale, the chairman now directly owns 7,000,171 shares in the company, valued at $140,003,420. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,434 shares of company stock worth $2,081,272. Insiders own 19.86% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Select Medical by 8.6% in the 2nd quarter. BlackRock Inc. now owns 15,243,922 shares of the health services provider’s stock worth $276,678,000 after buying an additional 1,211,219 shares during the period. Victory Capital Management Inc. grew its position in shares of Select Medical by 4.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,824,213 shares of the health services provider’s stock worth $33,110,000 after buying an additional 83,227 shares during the period. Millennium Management LLC grew its position in shares of Select Medical by 17.4% in the 1st quarter. Millennium Management LLC now owns 1,292,387 shares of the health services provider’s stock worth $22,294,000 after buying an additional 191,715 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Select Medical by 6.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,055,308 shares of the health services provider’s stock worth $19,154,000 after buying an additional 65,091 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Select Medical by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 876,489 shares of the health services provider’s stock worth $15,119,000 after buying an additional 19,600 shares during the period. 74.66% of the stock is currently 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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