Select Medical (SEM) to Release Quarterly Earnings on Thursday

Select Medical (NYSE:SEM) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Select Medical has set its FY 2024 guidance at 1.960-2.200 EPS and its FY24 guidance at $1.96-2.20 EPS.Parties interested in registering for the company’s conference call can do so using this link.

Select Medical (NYSE:SEM) last released its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.01). The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.74 billion. Select Medical had a net margin of 3.91% and a return on equity of 17.50%. Select Medical’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. On average, analysts expect Select Medical to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Select Medical Trading Down 0.5 %

Shares of SEM opened at $32.74 on Thursday. Select Medical has a 52-week low of $21.28 and a 52-week high of $40.50. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm’s fifty day moving average is $34.39 and its two-hundred day moving average is $33.80. The stock has a market cap of $4.26 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 2.11 and a beta of 1.41.

Select Medical Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.53%. Select Medical’s dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEM shares. Benchmark reaffirmed a “buy” rating and set a $48.00 target price on shares of Select Medical in a research note on Friday, September 6th. Bank of America started coverage on shares of Select Medical in a research note on Tuesday, August 20th. They set a “buy” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Select Medical currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, outpatient rehabilitation clinics, and occupational health centers in the United States. It operates in four segments: Critical Illness Recovery Hospital, Rehabilitation Hospital, Outpatient Rehabilitation, and Concentra.