Select Medical Holdings Co. (SEM) Expected to Announce Earnings of $0.19 Per Share

Equities analysts predict that Select Medical Holdings Co. (NYSE:SEM) will announce earnings per share (EPS) of $0.19 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Select Medical’s earnings, with estimates ranging from $0.18 to $0.19. Select Medical reported earnings of $0.12 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 58.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Thursday, February 22nd.

On average, analysts expect that Select Medical will report full year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.86. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.06 per share, with EPS estimates ranging from $1.00 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Select Medical.

Several research analysts have recently commented on SEM shares. Deutsche Bank restated a “buy” rating and set a $22.00 price target on shares of Select Medical in a research report on Monday, November 6th. TheStreet lowered Select Medical from a “b-” rating to a “c+” rating in a research report on Friday, February 2nd. Wells Fargo & Co started coverage on Select Medical in a research report on Tuesday, January 30th. They set an “outperform” rating and a $26.00 price target for the company. ValuEngine upgraded Select Medical from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Zacks Investment Research lowered Select Medical from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. Select Medical has an average rating of “Hold” and a consensus price target of $20.25.

In other Select Medical news, insider Martin F. Jackson sold 134,029 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $17.05, for a total value of $2,285,194.45. Following the sale, the insider now directly owns 1,717,944 shares in the company, valued at $29,290,945.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Scott A. Romberger sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $17.97, for a total value of $89,850.00. Following the completion of the sale, the insider now owns 168,211 shares in the company, valued at $3,022,751.67. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,955 shares of company stock valued at $5,052,199. 19.93% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of SEM. Orbimed Advisors LLC raised its stake in Select Medical by 51.3% in the third quarter. Orbimed Advisors LLC now owns 5,578,500 shares of the health services provider’s stock valued at $107,107,000 after buying an additional 1,891,100 shares in the last quarter. Hood River Capital Management LLC raised its stake in Select Medical by 133.0% in the fourth quarter. Hood River Capital Management LLC now owns 2,407,432 shares of the health services provider’s stock valued at $42,491,000 after buying an additional 1,374,111 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Select Medical in the third quarter valued at $20,751,000. Senzar Asset Management LLC acquired a new stake in Select Medical in the fourth quarter valued at $8,657,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Select Medical in the fourth quarter valued at $7,596,000. Institutional investors own 78.09% of the company’s stock.

Select Medical (SEM) opened at $16.55 on Thursday. Select Medical has a 52-week low of $12.00 and a 52-week high of $19.77. The company has a market capitalization of $2,210.00, a price-to-earnings ratio of 22.99, a PEG ratio of 1.04 and a beta of 1.30. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.51 and a current ratio of 1.51.

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Select Medical 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.

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