Concentra Group Holdings Parent (NYSE:CON) Announces Quarterly Earnings Results

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 the consensus estimate of $0.16 by $0.01, Zacks reports. The company had revenue of $465.00 million for the quarter, compared to the consensus estimate of $465.00 million.

Concentra Group Holdings Parent Stock Performance

Concentra Group Holdings Parent stock opened at $22.38 on Tuesday. Concentra Group Holdings Parent has a twelve month low of $18.89 and a twelve month high of $24.81. The stock’s fifty day simple moving average is $21.88 and its 200-day simple moving average is $21.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 5.20.

Concentra Group Holdings Parent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 1.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CON. Royal Bank of Canada restated an “outperform” rating and issued a $30.00 price objective on shares of Concentra Group Holdings Parent in a research report on Thursday, January 23rd. Bank of America boosted their price objective on Concentra Group Holdings Parent from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight equities research 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 target price of $28.63.

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.