Select Medical Holdings Corporation (NYSE:SEM) issued an update on its FY17 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.81-0.91 for the period, compared to the Thomson Reuters consensus estimate of $0.87. The company issued revenue guidance of $4.4-4.5 blkn, compared to the consensus revenue estimate of $4.44 billion.
Select Medical Holdings Corporation (SEM) traded down $1.45 during trading on Friday, reaching $17.15. The company’s stock had a trading volume of 2,450,077 shares, compared to its average volume of 1,400,112. The company has a market capitalization of $2,522.59, a PE ratio of 26.55 and a beta of 1.40.
Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings data on Thursday, November 2nd. The health services provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.10). Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $0.06 EPS. Select Medical Holdings Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. research analysts predict that Select Medical Holdings Corporation will post 0.88 earnings per share for the current year.
Several equities research analysts have recently issued reports on the company. ValuEngine cut Select Medical Holdings Corporation from a buy rating to a hold rating in a report on Monday, October 2nd. Zacks Investment Research cut Select Medical Holdings Corporation from a hold rating to a sell rating in a report on Friday, October 27th. Robert W. Baird set a $25.00 price objective on Select Medical Holdings Corporation and gave the stock a buy rating in a report on Monday, October 23rd. Royal Bank Of Canada restated a buy rating and set a $19.00 price objective on shares of Select Medical Holdings Corporation in a report on Friday, October 13th. Finally, JMP Securities raised their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the stock a market underperform rating in a report on Monday, August 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Select Medical Holdings Corporation presently has an average rating of Hold and a consensus target price of $18.14.
In related news, insider David S. Chernow sold 133,025 shares of Select Medical Holdings Corporation stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $17.85, for a total value of $2,374,496.25. Following the transaction, the insider now owns 729,815 shares in the company, valued at $13,027,197.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael E. Tarvin sold 18,500 shares of Select Medical Holdings Corporation stock in a transaction on Monday, October 30th. The shares were sold at an average price of $18.97, for a total value of $350,945.00. Following the completion of the transaction, the insider now owns 340,044 shares in the company, valued at approximately $6,450,634.68. The disclosure for this sale can be found here. 19.93% of the stock is currently owned by company insiders.
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About Select Medical Holdings Corporation
Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.
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