Concentra Group Holdings Parent, Inc. (CON) to Distribute Quarterly Dividend of $0.06 on August 28th

Concentra Group Holdings Parent, Inc. (NYSE:CON) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.0625 per share on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 20th.

Concentra Group Holdings Parent Price Performance

Shares of NYSE CON opened at $35.42 on Tuesday. The stock has a market cap of $4.52 billion, a P/E ratio of 22.85, a P/E/G ratio of 1.33 and a beta of 0.61. The firm’s 50-day simple moving average is $30.93 and its 200 day simple moving average is $25.98. Concentra Group Holdings Parent has a fifty-two week low of $18.55 and a fifty-two week high of $35.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 3.22.

Concentra Group Holdings Parent (NYSE:CON) last announced its earnings results on Thursday, August 6th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The firm had revenue of $606.03 million during the quarter, compared to analyst estimates of $591.75 million. Concentra Group Holdings Parent had a net margin of 8.69% and a return on equity of 47.81%. Concentra Group Holdings Parent’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS. Equities analysts expect that Concentra Group Holdings Parent will post 1.6 EPS for the current year.

Wall Street Analyst Weigh In

CON has been the subject of several recent analyst reports. Truist Financial increased their price objective on shares of Concentra Group Holdings Parent from $37.00 to $42.00 and gave the company a “buy” rating in a report on Monday, August 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Concentra Group Holdings Parent in a report on Friday, August 7th. William Blair began coverage on Concentra Group Holdings Parent in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. Wells Fargo & Company increased their price target on Concentra Group Holdings Parent from $28.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada lifted their price target on Concentra Group Holdings Parent from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $37.00.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.