Select Medical Holdings Co. (NYSE:SEM) to Post FY2024 Earnings of $2.18 Per Share, Zacks Research Forecasts

Select Medical Holdings Co. (NYSE:SEM) – Equities researchers at Zacks Research cut their FY2024 earnings per share estimates for Select Medical in a report issued on Wednesday, August 14th. Zacks Research analyst Z. Masood now anticipates that the health services provider will post earnings of $2.18 per share for the year, down from their prior estimate of $2.19. The consensus estimate for Select Medical’s current full-year earnings is $2.19 per share. Zacks Research also issued estimates for Select Medical’s Q3 2025 earnings at $0.57 EPS.

Select Medical (NYSE:SEM) last released its 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%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 EPS.

Other research analysts have also issued research reports about the company. Bank of America started coverage on Select Medical in a report on Tuesday. They issued a “buy” rating and a $42.00 target price on the stock. Benchmark reiterated a “buy” rating and issued a $48.00 price objective on shares of Select Medical in a research report on Friday, August 2nd. Finally, Royal Bank of Canada increased their price objective on Select Medical from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Select Medical Trading Down 1.6 %

NYSE:SEM opened at $32.96 on Monday. The firm has a market cap of $4.29 billion, a P/E ratio of 15.70, a PEG ratio of 1.45 and a beta of 1.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 2.11. The stock’s 50 day simple moving average is $35.55 and its 200-day simple moving average is $31.74. Select Medical has a 12-month low of $21.28 and a 12-month high of $40.50.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Creative Planning increased its position in shares of Select Medical by 32.0% in the second quarter. Creative Planning now owns 15,776 shares of the health services provider’s stock valued at $553,000 after buying an additional 3,824 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Select Medical by 176.6% in the second quarter. Mackenzie Financial Corp now owns 18,534 shares of the health services provider’s stock valued at $650,000 after buying an additional 11,833 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Select Medical by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 60,737 shares of the health services provider’s stock valued at $2,129,000 after buying an additional 2,886 shares in the last quarter. Millennium Management LLC increased its position in shares of Select Medical by 183.9% in the second quarter. Millennium Management LLC now owns 679,522 shares of the health services provider’s stock valued at $23,824,000 after buying an additional 440,140 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Select Medical by 17.9% in the second quarter. AQR Capital Management LLC now owns 10,910 shares of the health services provider’s stock valued at $383,000 after buying an additional 1,656 shares in the last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.

Select Medical Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, August 14th. Select Medical’s dividend payout ratio is currently 23.81%.

About Select Medical

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.