Brokerages expect Select Medical Holdings Corporation (NYSE:SEM) to post $1.10 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Select Medical Holdings Corporation’s earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.11 billion. Select Medical Holdings Corporation reported sales of $1.05 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The business is scheduled to announce its next quarterly earnings report after the market closes on Thursday, November 2nd.

According to Zacks, analysts expect that Select Medical Holdings Corporation will report full year sales of $1.10 billion for the current year, with estimates ranging from $4.40 billion to $4.44 billion. For the next year, analysts anticipate that the business will post sales of $4.63 billion per share, with estimates ranging from $4.58 billion to $4.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Select Medical Holdings Corporation.

Select Medical Holdings Corporation (NYSE:SEM) last posted its quarterly earnings data on Thursday, August 3rd. The health services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. Select Medical Holdings Corporation had a return on equity of 9.61% and a net margin of 1.95%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share.

A number of equities research analysts have issued reports on the company. Robert W. Baird reiterated a “buy” rating and issued a $21.00 price target on shares of Select Medical Holdings Corporation in a research note on Tuesday. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Select Medical Holdings Corporation in a research report on Friday, October 13th. Zacks Investment Research lowered Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered Select Medical Holdings Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, JMP Securities raised their price objective on Select Medical Holdings Corporation from $10.00 to $12.00 and gave the company a “market underperform” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.57.

In other news, insider David S. Chernow sold 133,025 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $17.85, for a total transaction of $2,374,496.25. Following the completion of the transaction, the insider now owns 729,815 shares in the company, valued at $13,027,197.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 19.93% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Select Medical Holdings Corporation by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,313 shares of the health services provider’s stock valued at $111,000 after acquiring an additional 70 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Select Medical Holdings Corporation by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 9,317 shares of the health services provider’s stock valued at $125,000 after acquiring an additional 107 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Select Medical Holdings Corporation by 0.7% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 41,940 shares of the health services provider’s stock valued at $560,000 after acquiring an additional 290 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Select Medical Holdings Corporation by 2.6% in the 2nd quarter. Amalgamated Bank now owns 14,806 shares of the health services provider’s stock valued at $227,000 after acquiring an additional 376 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Select Medical Holdings Corporation by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 50,364 shares of the health services provider’s stock valued at $773,000 after acquiring an additional 487 shares during the last quarter. 79.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Select Medical Holdings Corporation (NYSE:SEM) traded up 0.55% during midday trading on Friday, reaching $18.30. The company’s stock had a trading volume of 1,769,500 shares. The company has a market cap of $2.43 billion, a PE ratio of 29.00 and a beta of 1.42. The company’s 50-day moving average price is $18.40 and its 200-day moving average price is $15.83. Select Medical Holdings Corporation has a 12 month low of $10.20 and a 12 month high of $19.60.

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About Select Medical Holdings Corporation

Select Medical Holdings Corporation is an operator of specialty hospitals, outpatient rehabilitation clinics and occupational medicine centers in the United States. The Company’s segments include specialty hospitals, outpatient rehabilitation, Concentra and Other. The specialty hospitals segment consists of hospitals designed to serve the needs of long term acute patients and hospitals designed to serve patients that require intensive medical rehabilitation care.

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