Equities research analysts expect that Select Medical Holdings Co. (NYSE:SEM) will announce $1.15 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Select Medical Holdings’ earnings. Select Medical Holdings reported sales of $1.1 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.5%. The business is expected to report its next quarterly earnings results on Thursday, August 3rd.

On average, analysts expect that Select Medical Holdings will report full year sales of $1.15 billion for the current financial year, with estimates ranging from $4.46 billion to $4.5 billion. For the next financial year, analysts forecast that the company will post sales of $4.71 billion per share, with estimates ranging from $4.65 billion to $4.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Select Medical Holdings.

Select Medical Holdings (NYSE:SEM) last released its quarterly earnings results on Thursday, February 23rd. The health services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.02. Select Medical Holdings had a net margin of 2.91% and a return on equity of 9.53%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.22 EPS. The company’s revenue was up .7% compared to the same quarter last year.

SEM has been the subject of a number of research reports. Wells Fargo & Co downgraded Select Medical Holdings from an “outperform” rating to a “market perform” rating in a report on Monday, January 30th. Zacks Investment Research downgraded Select Medical Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. TheStreet upgraded Select Medical Holdings from a “c+” rating to a “b” rating in a report on Thursday, April 13th. Finally, Benchmark Co. initiated coverage on Select Medical Holdings in a report on Friday, March 31st. They set a “buy” rating and a $16.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.50.

ILLEGAL ACTIVITY WARNING: “Select Medical Holdings Co. (SEM) Expected to Post Quarterly Sales of $1.15 Billion” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was stolen and republished in violation of United States & international copyright and trademark laws. The correct version of this report can be viewed at https://www.americanbankingnews.com/2017/05/17/select-medical-holdings-co-sem-expected-to-post-quarterly-sales-of-1-15-billion.html.

In other news, insider Scott A. Romberger sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $14.52, for a total transaction of $58,080.00. Following the completion of the transaction, the insider now directly owns 162,211 shares in the company, valued at $2,355,303.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David S. Chernow sold 116,050 shares of the firm’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.01, for a total value of $1,625,860.50. Following the transaction, the insider now owns 749,075 shares of the company’s stock, valued at $10,494,540.75. The disclosure for this sale can be found here. 19.63% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Select Medical Holdings by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after buying an additional 70 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Select Medical Holdings by 53.1% in the third quarter. Acrospire Investment Management LLC now owns 8,363 shares of the health services provider’s stock valued at $113,000 after buying an additional 2,900 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Select Medical Holdings during the first quarter valued at about $123,000. Envestnet Asset Management Inc. boosted its position in shares of Select Medical Holdings by 1.2% in the first quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after buying an additional 107 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in shares of Select Medical Holdings during the first quarter valued at about $143,000. Hedge funds and other institutional investors own 82.32% of the company’s stock.

Select Medical Holdings (NYSE:SEM) opened at 13.65 on Wednesday. The firm’s 50-day moving average is $13.57 and its 200 day moving average is $13.25. Select Medical Holdings has a 12-month low of $10.08 and a 12-month high of $15.15. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 23.91 and a beta of 1.06.

Select Medical Holdings Company Profile

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.

5 Day Chart for NYSE:SEM

Get a free copy of the Zacks research report on Select Medical Holdings (SEM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Select Medical Holdings Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical Holdings Co. and related companies with MarketBeat.com's FREE daily email newsletter.