Select Medical Holdings Corporation (SEM) Releases FY14 Earnings Guidance
Select Medical Holdings Corporation (NYSE:SEM) updated its FY14 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.84-0.93 for the period, compared to the Thomson Reuters consensus estimate of $0.91, American Banking News.com reports. The company issued revenue guidance of $3.05-3.15 billion, compared to the consensus revenue estimate of $3.03 billion.
Shares of Select Medical Holdings Corporation (NYSE:SEM) traded down 7.37% during mid-day trading on Friday, hitting $10.56. 3,068,096 shares of the company’s stock traded hands. Select Medical Holdings Corporation has a 1-year low of $7.21 and a 1-year high of $11.89. The stock has a 50-day moving average of $9.98 and a 200-day moving average of $8.85. The company has a market cap of $1.474 billion and a price-to-earnings ratio of 12.79.
Select Medical Holdings Corporation (NYSE:SEM) last issued its quarterly earnings data on Friday, November 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $722.80 million for the quarter, compared to the consensus estimate of $723.10 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Select Medical Holdings Corporation will post $0.90 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Select Medical Holdings Corporation from an underperform rating to a neutral rating in a research note to investors on Monday. They now have a $11.40 price target on the stock. On a related note, analysts at Standpoint Research downgraded shares of Select Medical Holdings Corporation from a buy rating to a hold rating in a research note to investors on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of Hold and an average target price of $9.60.
In other Select Medical Holdings Corporation news, Chairman Robert Ortenzio unloaded 1,564,345 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $11.20, for a total transaction of $17,520,664.00. Following the sale, the chairman now directly owns 7,575,367 shares of the company’s stock, valued at approximately $84,844,110. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States.
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