Select Medical (NYSE:SEM – Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.96-2.20 for the period, compared to the consensus earnings per share estimate of $2.12. The company issued revenue guidance of $6.9-7.1 billion, compared to the consensus revenue estimate of $7.01 billion. Select Medical also updated its FY 2024 guidance to 1.960-2.200 EPS.
Analysts Set New Price Targets
Several research firms have issued reports on SEM. Benchmark restated a buy rating and set a $48.00 price objective on shares of Select Medical in a report on Friday. Royal Bank of Canada boosted their price objective on Select Medical from $36.00 to $40.00 and gave the stock an outperform rating in a report on Monday, May 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Select Medical currently has a consensus rating of Moderate Buy and a consensus price target of $36.50.
Read Our Latest Stock Analysis on SEM
Select Medical Stock Down 12.8 %
Select Medical (NYSE:SEM – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The health services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The business 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 17.88%. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, equities research analysts expect that Select Medical will post 2.19 EPS for the current year.
Select Medical Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Wednesday, August 14th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.46%. 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.
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