Concentra Group Holdings Parent (NYSE:CON) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Concentra Group Holdings Parent (NYSE:CON) released its quarterly earnings results on Monday. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Zacks reports. The business had revenue of $465.00 million during the quarter, compared to the consensus estimate of $465.00 million.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $22.48 on Wednesday. The company’s 50 day simple moving average is $21.92 and its 200 day simple moving average is $21.73. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.52 and a quick ratio of 1.52. Concentra Group Holdings Parent has a fifty-two week low of $18.89 and a fifty-two week high of $24.81.

Concentra Group Holdings Parent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.11%.

Wall Street Analyst Weigh In

CON has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $30.00 price target on shares of Concentra Group Holdings Parent in a research note on Thursday, January 23rd. Bank of America boosted their target price on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Concentra Group Holdings Parent has a consensus rating of “Buy” and a consensus price target of $28.63.

Concentra Group Holdings Parent Company Profile

Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers’ compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.