Select Medical Holdings Corporation (SEM) Issues FY17 Earnings Guidance
Select Medical Holdings Corporation (NYSE:SEM) updated its FY17 earnings guidance on Thursday. The company provided EPS guidance of $0.81-0.91 for the period, compared to the Thomson Reuters consensus EPS 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.
A number of equities analysts have issued reports on the company. Robert W. Baird reiterated a buy rating and set a $21.00 target price on shares of Select Medical Holdings Corporation in a report on Tuesday, October 17th. Zacks Investment Research cut Select Medical Holdings Corporation from a hold rating to a sell rating in a report on Friday, October 27th. Benchmark Co. increased their target price on Select Medical Holdings Corporation from $17.00 to $20.00 and gave the stock a buy rating in a report on Monday, August 7th. Deutsche Bank AG increased their target price on Select Medical Holdings Corporation from $20.00 to $22.00 and gave the stock a hold rating in a report on Monday, August 7th. Finally, BidaskClub cut Select Medical Holdings Corporation from a buy rating to a hold rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Select Medical Holdings Corporation currently has a consensus rating of Hold and an average target price of $18.14.
Select Medical Holdings Corporation (NYSE:SEM) last released its earnings results on Thursday, August 3rd. The health services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.25 by $0.07. Select Medical Holdings Corporation had a net margin of 1.95% and a return on equity of 9.61%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
In related news, insider David S. Chernow sold 133,025 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the sale, the insider now owns 729,815 shares of the company’s stock, valued at $13,027,197.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael E. Tarvin sold 18,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $18.97, for a total transaction of $350,945.00. Following the sale, the insider now directly 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 insiders.
ILLEGAL ACTIVITY NOTICE: “Select Medical Holdings Corporation (SEM) Issues FY17 Earnings Guidance” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/11/02/select-medical-holdings-corporation-sem-issues-fy17-earnings-guidance.html.
Select Medical Holdings Corporation 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.
Receive News & Ratings for Select Medical Holdings Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Select Medical Holdings Corporation and related companies with MarketBeat.com's FREE daily email newsletter.