Concentra Group Holdings Parent (NYSE:CON) Posts 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 for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01, Briefing.com reports. The business had revenue of $489.64 million during the quarter, compared to analysts’ expectations of $492.61 million. The firm’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 Down 0.7 %

CON traded down $0.14 during trading on Friday, reaching $20.13. The company had a trading volume of 375,628 shares, compared to its average volume of 457,429. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $22.14.

Concentra Group Holdings Parent Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Stockholders of record on Wednesday, November 13th will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Wednesday, November 13th.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CON. Mizuho began coverage on shares of Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued an “outperform” rating and a $28.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a “buy” rating and a $29.00 price objective on the stock. Bank of America cut Concentra Group Holdings Parent from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $30.50 to $24.00 in a research report on Monday, October 7th. Royal Bank of Canada assumed coverage on shares of Concentra Group Holdings Parent in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, JPMorgan Chase & Co. started coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They issued an “overweight” rating and a $29.00 price objective for the company. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.88.

Concentra Group Holdings Parent Company Profile

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.