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

Concentra Group Holdings Parent (NYSE:CON) issued its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, topping 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. Concentra Group Holdings Parent updated its FY 2024 guidance to EPS.

Concentra Group Holdings Parent Price Performance

Shares of Concentra Group Holdings Parent stock traded down $0.14 during trading on Friday, hitting $20.13. 375,628 shares of the stock traded hands, compared to its average volume of 457,429. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.34. Concentra Group Holdings Parent has a 52 week low of $18.89 and a 52 week high of $24.81. The business has a fifty day simple moving average of $22.14.

Concentra Group Holdings Parent Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CON. Royal Bank of Canada initiated coverage on Concentra Group Holdings Parent in a research report on Tuesday, August 20th. They issued an “outperform” rating and a $33.00 price objective for the company. The Goldman Sachs Group assumed coverage on Concentra Group Holdings Parent in a research note on Monday, August 19th. They issued a “buy” rating and a $32.00 price target on the stock. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued an “overweight” rating and a $29.00 target price for the company. Mizuho started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Truist Financial started coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They set a “buy” rating and a $29.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.