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

Concentra Group Holdings Parent (NYSE:CON) released its earnings results on Thursday. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, Briefing.com reports. The company had revenue of $489.64 million for the quarter, compared to analyst estimates of $492.61 million. The company’s revenue was up 3.3% on a year-over-year basis. Concentra Group Holdings Parent updated its FY 2024 guidance to EPS.

Concentra Group Holdings Parent Stock Performance

Shares of NYSE CON traded down $0.19 during trading on Friday, hitting $20.08. The stock had a trading volume of 375,628 shares, compared to its average volume of 457,429. Concentra Group Holdings Parent has a 12 month low of $18.89 and a 12 month high of $24.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.21. The company’s fifty day moving average price is $22.14.

Analyst Ratings Changes

CON has been the topic of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “overweight” rating and a $27.00 price objective on the stock. Bank of America downgraded Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $30.50 to $24.00 in a report on Monday, October 7th. The Goldman Sachs Group began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $32.00 target price on the stock. Truist Financial began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a “buy” rating and a $29.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They set a “buy” rating and a $29.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.88.

About Concentra Group Holdings Parent

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.